BERLIN - Europe’s largest technology company SAP aims to more than double its market value to between 250 billion euros and 300 billion euros by 2023, Chief Executive Bill McDermott told a German newspaper.
McDermott said SAP’s market capitalization had increased to 140 billion euros from 45 billion euros since his tenure as CEO began in 2010. The restructuring has lead to a string of high-profile departures with extensive know-how in recent weeks. But it lags arch-rival Oracle, which has a market worth of $184.45 billion, and is far behind some of the leading cloud service providers, including Microsoft which has a value of $922 billion.
that shouldnt be an aim..that could be the result of a strategy but prioritising mkt cap is just dumb..$SAP..another strange German ceo ($VW3, $Bay..?
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