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SAP's CEO hints to investors more margin gains on the way

Reuters  |  MANNHEIM, Germany 

By Patricia UhligMANNHEIM, Germany (Reuters) - The chief executive of SAP struck a confident note on the German software giant's future on Thursday, hinting that further operating profit margin gains were on the way, while apologising for corporate governance missteps in South Africa.Speaking to investors at the company's annual general meeting here, CEO Bill McDermott said SAP had made mistakes in failing to better detect corrupt practices used to win South African government contracts. But he said the company had responded quickly to prevent similar practices re-occurring."Trust is earned ...

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First Published: Thu, May 17 2018. 23:35 IST