SAP still expects to expand margins after Qualtrics deal: SAP

SAP still expects to expand margins after Qualtrics deal: SAP

SAP , the German business software company, still expects its margins to expand after its US$8 billion takeover of Qualtrics, the U.S. company that specializes in tracking the sentiment of consumers online, CFO Luka Mucic said on Friday.

FILE PHOTO: SAP logo at SAP headquarters in Walldorf
FILE PHOTO: SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski/File Photo

BARCELONA: SAP , the German business software company, still expects its margins to expand after its US$8 billion takeover of Qualtrics, the U.S. company that specializes in tracking the sentiment of consumers online, CFO Luka Mucic said on Friday.

SAP will be able to scale growth and profitability quickly at Qualtrics, Mucic told the Morgan Stanley European Technology, Media and Telecoms Conference in Barcelona.

After closing, SAP forecasts top-line growth in double digits, with non-IFRS operating profits growing faster.

The company's margin recovery story will remain intact, Mucic said, adding that SAP would update guidance after the deal closes.

(Reporting by Douglas Busvine; editing by Thomas Seythal)

Source: Reuters

Bookmark