GO
Loading...

Enter multiple symbols separated by commas

SAP Co-CEO: It’s Half-Time for US Economy

Bill McDermott, co-CEO of SAP, said that economic prospects, at least in the U.S., had improved.

As an amateur basketball coach, McDermott used a sporting analogy to explain how he viewed the U.S. economy at present.

"I think right now it is around half-time. We are in the locker room and we are saying to ourselves, we are really coming back, we are much better off than we were in the first quarter, and now we are ready to go into the second half with a good plan," McDermott told CNBC on Tuesday.

He added that companies should remain customer-focused, prioritize growth, and adopt new technologies to remain in touch with consumers.

"If we do that, and if we give it everything we have got, we are going to be just fine. Twenty years from now, people will look back at this as the greatest moment in the history of mankind, in terms of business opportunity. When you look at everything in milliseconds in real-time, it does not always come across that way," he said.

(View More From McDermott: We're in an Innovation-Driven Economy)

—By CNBC's Katy Barnato

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Crude oil tanking

    CNBC's Jackie DeAngelis explains global factors pressuring the price of oil.

  • Luxury home market softens

    While sales of $1 million homes are higher, prices are down. CNBC's Robert Frank reports there are now 65,000 million dollar homes for sale in the U.S.

  • Bullish market signals?

    Discussing value in the market, and trader sentiment, with Jeff Hussey, Russell Investments, and Jack Ablin, BMO Private Bank.