You are here: Home » Reuters » News
Business Standard

SAP goal remains to triple market cap, but gives no timeframe

Reuters  |  MANNHEIM 

MANNHEIM (Reuters) - SAP, Germany's most valuable public company, remains committed to tripling its market capitalisation, but Chief Executive Bill McDermott declined to specify a timeframe on Thursday."There is clearly the potential to triple the value of this company. We believe that is only a matter of time," McDermott said at its annual general meeting in response to a shareholder question, reiterating previous comments on the target. "While we are not giving a specific timeframe, we are certainly charging ahead with this in mind," he said.The company's market capitalisation stood at just ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, May 17 2018. 17:21 IST