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Search resuls for: "Dominik Asam"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsam: I'm not aware of any criminal investigations into SAP at present, We're cooperating with the DOJ. Dominik Asam, CFO at SAP, calls for balanced regulation in AI, privacy, and decarbonization, cautioning against over-regulation in Europe. He also addresses a U.S. investigation into SAP, stating that the company is fully cooperating with authorities.
Persons: I'm, Dominik Asam Organizations: SAP Locations: Europe
SAP posts 16% jump in Q3 cloud business revenue
  + stars: | 2023-10-18 | by ( ) www.reuters.com   time to read: +1 min
The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsOct 18 (Reuters) - Business software maker SAP's (SAPG.DE) cloud business revenue rose by 16% in the third quarter on the back of its application services and HANA software, the company said on Wednesday. For the full year, the company reaffirmed its cloud revenue outlook in the range of 14 billion-14.2 billion euros. "Our Q3 results demonstrate strong execution and the resilience of our business, including sustained cloud growth in spite of persisting macro headwinds," finance chief Dominik Asam said. U.S.-listed shares of the German software maker were up 2.9% after the bell.
Persons: Andrew Kelly, Dominik Asam, Kanjyik Ghosh, Shailesh Organizations: SAP, REUTERS, Thomson Locations: Reston , Virginia, U.S, Bengaluru
Barring a rapid breakthrough, the world's largest planemaker may appoint an interim CFO after Asam steps down at the end of the month as previously announced, having presented his last Airbus results on Feb 16, they said. Airbus declined to comment on management appointments. Asam announced his surprise decision to leave the aerospace group last August, when he pledged to "work with the management to ensure a smooth transition with the next Airbus CFO". However, Airbus has so far not publicly identified a new CFO, prompting some analysts to express concern over the lack of certainty regarding the transition. Although Airbus moved on from years of in-fighting and open national rivalries for its top jobs, the passport of the new finance chief will overshadow the search, the sources said.
Barring a rapid breakthrough, the world's largest planemaker may appoint an interim CFO after Asam steps down at the end of the month as previously announced, after presenting his last Airbus results on Feb. 16, they said. Asam announced his surprise decision to leave the aerospace group last August, when he pledged to "work with the management to ensure a smooth transition with the next Airbus CFO". However, Airbus has so far not publicly identified a new CFO, prompting some analysts to express concern over the lack of certainty. Although Airbus has moved on from years of in-fighting and open national rivalries for its top jobs, the passport of the new finance chief is unlikely to be ignored, the sources said. Asam joined Airbus in 2019 after having worked at German chip maker Infineon as finance chief since 2011.
Airbus CEO Guillaume Faury speaks during a visit of German Economy and Climate Protection Minister Robert Habeck at Airbus research facilities in Hamburg, Germany, January 18, 2022. A stretched version of the lightweight Canadian-designed airplane makes a lot of sense, "but we don't want to be right too early", Chief Executive Guillaume Faury told investors. Airbus has seized a commanding lead in the main part of the single-aisle market, most recently through the larger A321neo which Asam said would have an increasing proportion of sales. However, the industry's biggest single-aisle variant, the delayed A321XLR, is not emerging as quickly as Airbus hoped. Improvements in the range of the largest single-aisle jets like the A321neo have eaten into the lower end of the market traditionally reserved for bigger wide-body jets, where Boeing has for decades widely been seen as the market leader.
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