Nikkei Rebounds 3% After Thursday's Rout
SAP AG
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Shares of cloud-based e-commerce software provider ChannelAdvisor surged in their debut, as enterprise software makers continue to draw investor attention.
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The world's third-largest software maker SAP reported worse-than-expected first-quarter earnings on Friday as co-CEO Jim Hagemann Snabe told CNBC that cloud computing will drive the company forward.
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Jim Hagemann Snabe, Co-CEO of SAP, tells CNBC that the execution issues in Asia that led to an earnings miss for the company were down to a change in leadership.
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The "Fast Money" traders share their final trades of the day.
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Oracle has been among the tech sector's most aggressive acquirers in recent years, but is the company buying the right stuff? TheStreet.com reports.
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NEW YORK, March 21- Private equity firms are joining forces in the auction of BMC Software Inc, three people familiar with the matter said on Thursday, making it more likely that the business software maker will be taken private in a deal that would top $6 billion.
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*Oracle blames new sales people for missing targets. SAN FRANCISCO, March 20- Oracle Corp blamed its rapidly expanding salesforce for a severe miss in third-quarter software sales and warned that its ailing hardware business will lose more ground this quarter, driving its shares 8 percent lower on Wednesday.
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"What we really saw was the lack of urgency we sometimes see in the sales force, as Q3 deals fall into Q4," the CFO said on the earnings call.
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*Oracle blames new sales people for missing targets. SAN FRANCISCO, March 20- Oracle Corp forecast a return to growth in new software sales this quarter, after blaming its rapidly expanding salesforce for a severe miss in third-quarter revenue that drove its shares 8 percent lower on Wednesday.
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Glassdoor's annual list of the 50 highest rated CEOs is out and there's a boss on top.
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The "Fast Money" traders share their final trades of the day.
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Salesforce.com reported quarterly earnings and revenue that blew past analysts' expectations. Shares jumped after-hours.
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Feb 25- Human resources software company SilkRoad has selected JPMorgan Chase& Co and Piper Jaffray Cos to lead an initial public offering later this year, according to two sources with knowledge of the matter. Last year, IPOs from cloud-based companies besides Workday included ServiceNow Inc, Demandware Inc and Guidewire Software Inc..
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Jim Hagemann Snabe, Co-CEO of SAP, tells CNBC that the technology industry is going through a relatively large change and their innovation strategy has paid off.
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Jim Cramer’s researcher, Nicole Urken, takes a look at what Apple vs Amazon says about investing in the tech sector.
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The 110- year-old company has been working on upgrading the computer systems at its big factories in York, Pennsylvania, and Kansas City, Missouri, for more than a year. "We are seeing the benefits today," Chief Executive Keith Wandell said of the system, based on SAP AG software.
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Steve Watts, President, Asia Pacific & Japan, SAP says technology in faster growing markets has advanced to smart, mobile devices. He expresses confidence in corporate spending in Asia.
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Stocks finished higher Wednesday, with the S&P 500 within striking distance of the 1,500 level and the Dow Jones closing at its best level in five years, lifted by a batch of stronger-than-expected earnings.
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Earnings beats from Google and IBM boosted Apple stock on Wednesday, as traders bet the one-time darling could regain some of its luster when it reports earnings after the bell.
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European shares inched higher on Wednesday, with a key index moving back towards a near two-year high hit recently.
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U.S. stock index futures were flat Wednesday as investors digested a batch of corporate earnings results and following the recent rally that took major averages to their best levels in more than five years.