January 30, 2018 / 8:44 AM / a year ago

SAP CEO targets margins, bullish on world economy

FILE PHOTO: SAP SE CEO Bill McDermott attends the company's annual results press conference in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski/File Photo

WALLDORF, Germany (Reuters) - Germany’s SAP (SAPG.DE) will drive margin expansion this year by streamlining its business, CEO Bill McDermott told Reuters in an interview on Tuesday.

“This year, the entire company will be on one platform,” McDermott said after SAP announced 2017 results that met its twice-raised guidance but came in just shy of analyst expectations.

The world economy is “about as good as it gets”, the 56-year-old American CEO said, pushing back against fears that rising trade protectionism could hurt globally diversified businesses like SAP, Europe’s most valuable technology company.

Reporting by Douglas Busvine and Eric Auchard; Editing by Maria Sheahan

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