Channelnomics Original

SAP Plans Restructuring to Push Growth

January 29, 2019

Despite strong revenue and profits, European software vendor repositions for cloud growth

By all accounts, SAP is a strong and growing company. The European software conglomerate posted double-digit growth and strong profits for 2018, beating its own forecast and meeting market expectations. Nevertheless, it’s undertaking a $1 billion restructuring and letting go of more than 4,000 employees to position itself for future growth.