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Search resuls for: "Christian Klein"


6 mentions found


☆ SAP CEO says the world is entering the 'next phase of globalization'
  + stars: | 2023-01-17 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
The CEO of German tech giant SAP said the world is entering the next phase of globalization — and he's largely optimistic on the outlook for technology despite challenges posed by higher interest rates and supply chain disruptions. "We are entering from my perspective the next phase of globalization," SAP chief Christian Klein told CNBC's "Squawk Box Europe" at the World Economic Forum in Davos, Switzerland. He added that companies are coming together to secure their supply chains and tackle corporate responsibility issues by better using data. Supply chains have been challenged by a confluence of factors, not least the Covid pandemic. That has led to upheavals of supply chains and higher prices for consumers and businesses around the world.
☆ Creator economy experts say 2023 will be a buyer's market for M&A. Here are 5 themes to watch, from tech buyers like Shopify to startup consolidation
  + stars: | 2022-12-30 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com   time to read: +12 min
"As a result, institutional acquirers, like PE firms who still have dry powder to spend, will start snatching up mid-to-large sized creator startups at much more advantageous prices." Insider spoke with creator-economy and market experts about what deals and the broader M&A landscape in 2023 may look like. "They're going to see that the creator economy exists as a direct failure of them to support creators," Gestetner said. "But if an opportunity arises for us to significantly enhance our capabilities to make us a better business powering the creator economy, we'll consider it." Startups can expect consolidation in saturated marketsThe crowded niches within the creator economy startup sphere could also face a wave of consolidation.
☆ It's just the beginning of M&A in the creator economy. Industry experts predict 2023's top trends, and the buyers and sellers to watch.
  + stars: | 2022-12-19 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com   time to read: +12 min
"As a result, institutional acquirers, like PE firms who still have dry powder to spend, will start snatching up mid-to-large sized creator startups at much more advantageous prices." "They're going to see that the creator economy exists as a direct failure of them to support creators," Gestetner said. "But if an opportunity arises for us to significantly enhance our capabilities to make us a better business powering the creator economy, we'll consider it." Startups can expect consolidation in saturated marketsThe crowded niches within the creator economy startup sphere could also face a wave of consolidation. In the creator economy, companies bet on the fact that YouTube advertising revenue on the videos will increase as the audiences of creators grow and they gain more views.
☆ Software maker SAP's revenue and outlook sends shares higher
  + stars: | 2022-10-25 | by ( Supantha Mukherjee Maria Sheahan | Supantha Mukherjee | Maria Sheahan | ) www.reuters.com   time to read: +2 min
The company's cloud business has been growing at a rapid clip, rising 38% in the third quarter to 3.29 billion euros ($3.25 billion). Register now for FREE unlimited access to Reuters.com RegisterAt that time it envisaged total adjusted revenue of 36 billion euros in 2025, with 22 billion euros of that coming from the cloud business. Total revenue grew 5% in currency-adjusted terms to 7.84 billion euros, SAP said, beating analyst expectations of 7.62 billion euros. SAP stuck with its full-year operating profit forecast of between 7.6 billion and 7.9 billion euros. That forecast was made in July, when it cut its guidance from between 7.8 billion and 8.25 billion euros, citing charges related to the war in Ukraine.
☆ SAP CEO: Tech like ours will play key role in green transition amid energy crisis
  + stars: | 2022-10-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSAP CEO: Tech like ours will play key role in green transition amid energy crisisChristian Klein, CEO of SAP, outlines how his firm will be able to weather a recession, provides an update on the unwinding of the business in Russia, and how both SAP and Germany are preparing to face the energy crisis this winter.
☆ German tech giant SAP actually benefits from strong dollar and supply chain troubles, CEO says
  + stars: | 2022-09-28 | by ( Frank Holland | In | ) www.cnbc.com   time to read: +4 min
- German software giant SAP reported a bottom line undermined by heavy restructuring costs, but lifted forecasts for the year ahead. A strengthening dollar, global inflation, and supply chain issues related to Covid lockdowns in China have been major headwinds for many tech companies. But SAP CEO Christian Klein says the European software giant is an exception. Other large tech companies, including Salesforce, Microsoft and IBM have said the strong dollar will hurt profits in the near term. But, SAP is on a path to success in ERP cloud and they control their own destiny."
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