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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 ...

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