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  • FRANKFURT, Jan 22- Europe's biggest software company SAP does not need to invest heavily in its cloud infrastructure to keep up with the growth of the business, it chief executive said on Friday. Analysts had suggested SAP may need additional investments as it rapidly grows its cloud business. We don't need to do anything unusual, "Chief Executive Bill McDermott...

  • Europe's largest software maker said it expected 2017 revenue in the range of 23.0 billion to 23.5 billion euros, at or above the average analyst expectation of 23.01 billion, according to Thomson Reuters I/B/E/S data. SAP said it is now targeting a non-IFRS operating profit in the range of 6.7 billion to 7.0 billion euros. On the same basis, a year ago, SAP had...

  • Europe's largest software maker said that it expected 2017 revenue in the range of 23.0- 23.5 billion euros, at or above the average analyst expectation of 23.01 billion euros, according to Thomson Reuters I/B/E/S data. SAP said it is now targeting a non-IFRS operating profit in the range of 6.7- 7.0 billion euros. On the same basis, a year ago, SAP had forecast total...

  • Norwest Venture Partners closes third $1.2 billion fund Wednesday, 20 Jan 2016 | 7:00 AM ET

    SAN FRANCISCO, Jan 20- Silicon Valley firm Norwest Venture Partners, one of the country's oldest venture capital outfits, has closed a $1.2 billion fund to invest in startups and growing tech companies. It is the third $1.2 billion fund that Norwest has raised since 2009, and comes just as the investing community cools on tech startups, many of which became too...

  • *Discounts to be offered only in Germany- DPA. FRANKFURT/ BERLIN, Oct 25- Volkswagen may offer VW owners in Germany discounts on new cars if they turn in certain old models affected by the emissions scandal that has rocked Europe's biggest carmaker, German news agency DPA reported on Sunday. The group now expects the costs of the scandal, which include a recall of 8.5...

  • FRANKFURT, Jan 19- Twitter Inc said on Tuesday it had reversed a glitchy software update and resolved outages widely reported across Europe, the Middle East, Africa and North America that affected users of the social network on computers and phones. Wall Street has long worried about Twitter's stagnant growth in users and advertising revenue, and analysts said...

  • FRANKFURT, Jan 19- Germany's Software AG reported a record quarterly core profit margin as it sold more of its high-margin licences and maintenance services, and forecast a further improvement in profitability in 2016, boosting its shares on Tuesday. Germany's second-largest business software maker behind SAP said its adjusted earnings before interest,...

  • EXCLUSIVE-Progress Software exploring sale -sources Thursday, 14 Jan 2016 | 12:27 PM ET

    Shares of Progress Software, which has a market capitalization of around $1.2 billion, rose as much as 17 percent on the news. SolarWinds Inc, Solera Holdings Inc and Informatica Corp were among those that chose to go private last year to accelerate their transition to Internet-delivered services, known as cloud computing. Based in Bedford, Massachusetts,...

  • Anaplan, which provides planning software for businesses, has raised $90 million in new financing, pushing the company's valuation to $1.09 billion, Chief Executive Officer Frederic Laluyaux said in an interview. App analytics startup App Annie, which provides data on mobile apps such as downloads and sales, said on Thursday it closed a $63 million funding...

  • Leaders Fund, based in Toronto and Atlanta, is in discussions with several potential portfolio companies and plans to announce a few investments in the coming weeks, said David Stein, co-founder and managing partner of the fund. Leaders Fund is also looking to partner with early and late stage venture capital firms on such investments, Stein said in an interview...

  • Jan 13- Top executives from cloud-based software companies such as Rypple and Workbrain said they had launched a $100 million fund to invest in software licensing companies in North America. Rypple Founder and co-Chief Executive David Stein will lead the' Leaders Fund' along with Steve DeBacco and Gideon Hayden. Hayden is an executive of Canada's OMERS...

  • Most notably, BMW has created a 200- strong digital innovation hub in Chicago, hiring software engineers who worked for mobile phone pioneer Nokia, as the German carmaker seeks to get ahead in the area of assistance systems and software applications. "Their task is to develop a premium experience in the digital area and in mobility services," BMW board member Ian...

  • European shares end off highs as oil turns back to $30 Tuesday, 12 Jan 2016 | 12:46 PM ET

    *Oil prices turns lower into $30 area. MILAN/ LONDON, Jan 12- European stocks rose on Tuesday, helped by solid updates from retailers and companies in other sectors but ended off earlier highs as volatile oil prices turned sharply lower. Crude oil steadied at around $32 per barrel earlier in the session but in the last two hours of trading it fell back to the $30 area, a...

  • LONDON/ MILAN, Jan 12- European shares rose sharply on Tuesday following four straight sessions of declines, helped by steadying oil prices and solid updates from retailers and companies in other sectors. "The rebound in the European markets appears to have been driven by a slight resurgence in oil prices, which in turn has boosted the share price of European oil&...

  • LONDON, Jan 12- European shares rose sharply on Tuesday following four straight sessions of declines, helped by a rally in retailers and solid updates from companies in other sectors such as SAP and GEA. Shares in Metro rose 4.4 percent after the retailer said it had a "very good Christmas business" in Germany, with like-for-like sales up 2.1 percent..

  • *Sees 2016 oper profit of 6.4 bln- 6.7 bln euros. FRANKFURT, Jan 12- SAP, Europe's largest software company, on Tuesday met or slightly beat its 2015 revenue and profit targets, driven by strong year-end software licence renewals and customers moving to newer Internet-based software. SAP clearly favourites revenue expansion at the moment in order to gain market...

  • SAP operating profit hits record on license renewals Tuesday, 12 Jan 2016 | 2:13 AM ET

    SAP reported record annual operating profits driven both by year-end software license renewals and customers' converting to newer cloud-based software.

  • *Sees 2016 oper profit of 6.4 bln- 6.7 bln euros. *Says more than doubles S/4 HANA customers to 2,700. FRANKFURT, Jan 12- SAP, Europe's largest software company, on Tuesday reported record annual operating profits, driven both by year-end software license renewals and customers' converting to newer cloud-based software.

  • FRANKFURT, Jan 12- Europe's largest software company, SAP on Tuesday reported a 7 percent rise in operating profits, driven both by year-end software license renewals and customers converting to newer cloud-based software. On that basis, a Reuters poll of 15 analysts forecast a 6.3 billion euro operating profit, excluding special items, with individual...

  • IHS, which provides information and analytics to customers from airspace and shipping to government security, will pay $650 million for U.S.-based Oil Price Information Service to add real-time pricing information to its energy analytics business. In November 2015, another pricing agency, London- based Argus Media, the second largest of the PRAs after...

 

  • Matt Hunter is the senior technology editor at CNBC.com.

  • Ari Levy

    Ari Levy is CNBC.com's senior technology reporter in San Francisco.

  • Harriet Taylor

    Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.

  • Julia Boorstin

    Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt

    Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

Re/code

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.

  • Co-CEO, Revere Digital; Co-Executive Editor, Re/code; and Co-Executive Producer, The Code Conference. Re/code is part of the CNBC network.