Apps & Software

SAP CEO Shuffle Shows Strength of Oracle (SAP, ORCL)

Things just still are not going well at SAP AG (NYSE: SAP).  Its CEO Leo Apotheker has stepped down as the company reached an agreement with him not to renew his contract.  The problem is that this departure was only after about 7 months, and it comes at a time when most technology giants are talking up a return of enterprise spending.  As a result of today’s management action, the company is going back to a co-CEO structure.

The co-CEO replacements are executives of the company.  Bill McDermott has headed up the field organization and Jim Hagemann Snabe has been the head of product development.  Vishal Sikka, the company’s chief technology officer, has been named to the SAP executive board.

Some consider SAP’s recent results an improvement, but many consider the company still troubled.  The biggest issue is that the company has had a hard time transitioning into smaller sales to more organizations as its sales tend to be much larger sales and in longer sales cycles.  Oracle Corp. (NASDAQ: ORCL) has claimed to take more and more market share each quarter.  It may be round-about to call SAP’s woes a win for Oracle above and beyond what we have already seen, but this does not exactly lend much credence to a notion that SAP is mounting a solid defense against Oracle.

JON C. OGG

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.