SAP AG co-Chief Executive Officer Bill McDermott, targeting the growing online software market, said he plans to tap a greater portion of customers' spending.
"We'll lead with the cloud," McDermott told investors in New York yesterday. Today's clients spend about 5 percent of their technology budgets with SAP, he said. "Why not 20?"
The remarks by McDermott — an American who will take over as sole CEO in May — come two weeks after the German software maker cut its profit forecast. The biggest supplier of business applications is reconfiguring its products for the cloud, part of a trend transforming sales and development across the technology industry.
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