Rachael Singh, Accountancy Age, Monday 9 August 2010 at 10:18:00

SAP CFO has claimed the financial software business will return to doubledigit growth soon, despite a recent $5.8bn (3.63bn) acquisition


SAP CFO Werner Brandt said the business software company would return todouble digit percentage growth soon without resorting to acquisitions.

He believes the business would return to a net cash position soon, the dailyfinancial paper Boersen Zeitung reported.

Brandt made the comments weeks after SAP posted half year results showing a30% fall in cash flow, compared with the same period last year. The results wereposted after SAP acquired smaller rival Sybase for circa $5.8bn (3.63bn).

He said: "Due to our cashflow I expect that we will report a return to a netcash position in the near future,"Reutersreported.

Further reading:

Doubledigit decline in cash flow at SAP

SAP'sshares could fall following news of acquisition

SAPchairman admits customer trust was lost