Business software provider SAP (SAP, Financial) recently posted strong growth in earnings and top line. However, the company's stock fell slightly by 0.59% toward the end of the trading season. All eyes will continue to be on SAP as investors watch how the company will recover from the stock's slight decrease, which is a minor setback for this growing software company.
A strong performance and smart strategies
The company showed a 41% increase in revenue, compared to last year. SAP's earnings report showed an increase by 8% to €0.84 Per Share.
SAP appears to have aggressive stratrgies to keep the company financially afloat. Furthermore, SAP is expecting to gain good market share as its transformation efforts take shape. It is focusing on various initiatives to improve its profitability. SAP is also targeting some acquisitions such as it has plans to acquire Concur later this year which it thinks will be a key reason to gain much market share in future.
SAP also appears to be the go-to company for services.TUI Travel, a leading international travel group, is using SAP cloud services over Salesforce.com to provide customer solutions. This will help TUI Travel to engage more effectively with the customer, helping it to increase its customer base.Â
Seeing impressive traction
SAP has all the qualifications to be a true leader in technology. If the company continues to grow, it could possibly grow internationally in APJ and EMEA. The attractive features keep customers on board and wanting more.
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