Europes largest technology company SAP aims to more than double its market value to between 250 billion euros and 300 billion euros ($400-$480 billion) by 2023, chief executive Bill McDermott told a German newspaper.
McDermott said SAPs market capitalisation had increased to 140 billion euros ($221 billion) from 45 billion euros ($71 billion) since his tenure as CEO began in 2010.
Measured on the market valuation of pure cloud service providers, we have potential in our portfolio for a further 90 billion euros ($142 billion) in market value, he told Thursdays edition of Frankfurter Allgemeine Zeitung newspaper.
SAP is in the middle of a restructuring plan, announced in January, that includes 4400 layoffs, as McDermo…
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