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SAP hiring more engineers (and not so many salespeople)
"Investing for growth"
Shares of SAP SE rose today as the company reported higher business-software sales at the Germany-based company, which employs 3,000 at its U.S. headquarters in Newtown Square. SAP statement here.
"Clearly the company is investing for growth at the moment," said analyst Adam Wood of Morgan Stanley at SAP's year-end conference call with investors. He asked CEO Bill McDermott if the company is going to keep investing, or build more R&D centers, or fund more M&A deals — or collect more profits from past cloud investments, this year.