SAP

SAP Executive President Bill McDermott will not renew his employment contract with the German database software manufacturer.

The executive has confirmed that after almost a decade at the top of the company, he will remain on board as an advisor until the end of 2019, when he finally gives up all control.

"Every CEO dreams of being able to transition from a company to its next generation from a position of significant strength," McDermott said in a prepared comment.

Like Oracle, SAP has chosen to divide the CEO roles between two people in a decision already approved by the board. Jennifer Morgan, who was president of SAP's cloud business, succeeded Robert Enslin, and oversaw Qualtrics, SuccessFactors and Concur, among other things, takes half. The other is for Christian Klein, who was recently director of operations.

Morgan, who joined SAP in 2004, has obviously been very attentive to SAP cloud sales, considered as the future of SAP. Klein, who joined as a student two decades ago, also directed SAP s / 4HANA, the flagship ERP product that is famous for being a complex and expensive integration job.

McDermott really did not give an explanation as to why time is right to leave the business he joined in 2002 as head of North America, but he dropped into a kind of tearfulness when he checked his time that he also It included the execution of customer operations.

"When you look at where we were and where we are, I just couldn't be more proud of what this company has accomplished during the first decade," he said. "Now is the time for everyone to start an exciting chapter."

The CEO of SAP McDermott loses ONE EYE, almost his life in horror

READ MORE

SAP yesterday launched the preliminary results of the third quarter, as he said goodbye to the great Mc, with income which increased 13 percent year-on-year to € 6.79 billion for the three months ending September 30.

Those important cloud sales figures increased 37 percent to $ 1.79 billion, software license revenues fell 1 percent to € 930 million and software support increased 5 percent to € 2.91 billion. Net profit recovered 15 percent to 1,260 million euros, no doubt aided by the significant restructuring that began this year, despite the fact that SAP said savings were not the reason.

SAP said that under the watchful eye of McDermott, key market metrics The value of revenue and earnings increased. In 2009 (PDF), SAP revenues were € 10.664 billion and the operating profit was € 2.588 billion. As of last year, the top line had increased to € 25.96 billion and the operating profit was € 5.7 billion.

It is worth mentioning that during McDermott's time as CEO, SAP bought more than 50 businesses, including Business Objects, for $ 6.78 billion; Sybase for $ 5.8 billion; SuccessFactors for $ 3.4 billion; Aribe for $ 4.3 billion; Concur Technologies for $ 8.3 billion; and more recently Qualtrics for $ 8 billion.

McDermott became co-CEO with Jim Hagemann Snabe in 2010 and became the only CEO in 2014, the same year that SAP put its entire set of commercial applications online and began selling the lot through Cloud subscriptions, which at the time had just begun using the complex original SAP license model, the way they made their money.

The German ERP and CRM business has been pressuring to convert more of its customers into murky licenses and earlier this year began a restructuring of 950 million euros was aimed at "updating" skills in the areas "that we want, "as McDermott said at the time.

Market capitalization went from $ 40.5 billion at the end of 2009 to $ 138.94 billion today. ®

Sponsored:
How to get more from MicroStrategy by optimizing your data stack

For More Updates Check out Blog, Windows Softwares Drivers, Antivirus, Ms Office, Graphic Design Don’t Forget to Look Our Facebook Page Get Into Pc like us & follow on Twitter- @getinpc