SAP Says China Stimulus ‘Positive’ for Asia-Pacific

SAP AG, the world’s largest maker of business-management software, said China’s 4 trillion yuan ($586 billion) plan to boost the economy is having a “positive” effect on the Asia-Pacific region and helping to improve orders.
##CONTINUE##
“Our pipeline is looking up for the rest of the year,” Geraldine McBride, chief executive officer of SAP Asia-Pacific Japan, said in a Bloomberg Television interview in Singapore today. “I see that there’s more liquidity in the market now.”

The outlook for Asia is looking “more positive” as SAP seeks to cap costs and as measures by China and other governments in the Asia-Pacific region take effect, McBride said. SAP, based in Walldorf, Germany, on April 29 reported first- quarter license revenue worldwide plunged 33 percent, more than analysts predicted, as demand dropped amid the global recession.

Separately, SAP will “remain a strong and independent” company, she said, adding that reports saying Microsoft Corp. may acquire the German software company were “speculation and wishful thinking.”

-----------------------------
BY Andrea Tan and Bernard Lo
Source：Bloomberg

© 2009 BLOOMBERG L.P. ALL RIGHTS RESERVED.