SAP talks up cloud business, buys $2.4 billion U.S. sales software firm [MSN Money]
CALLIDUS SOFTWARE (CALD)
Last callidus software earnings: 2/8 04:05 pm
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Source: MSN Money
© REUTERS/Ralph Orlowski/File Photo FILE PHOTO: A car with the logo of German software group SAP stands near its headquarters in Walldorf SAP posted 2017 results on the lower side of market expectations after Chief Executive Bill McDermott had promised a dynamite final quarter in its cloud business, as Europe's top technology company announced a $2.4 billion U.S. acquisition. Popular Searches Fourth-quarter non-IFRS operating profit rose by 6 percent in constant currency terms to 2.37 billion euros ($2.93 billion), compared to average analyst expectations of 2.41 billion euros, according to a poll of 16 analysts by Thomson Reuters. But executives of the German software giant said the company had turned the corner during the quarter and expected to begin to see sustained margin improvements during 2018. I'm happy to tell you that new cloud bookings surged 31 percent in Q4, CEO Bill McDermott told journalists on a conference call, adding that S
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