SAP CFO: Big Software Deals Are Back

©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

Wall Street Journal, 3/10/11

Werner Brandt, chief financial officer of business software concern SAP AG, says big deals are back.

“Very large transactions have come back,” Mr. Brandt said on Thursday. “That happened towards the end of 2010 and we see that continuing.”

Speaking at a UBS technology conference in London, Mr. Brandt said SAP’s customers were reluctant to invest in 2009 and early 2010 during the financial crisis, but that changed in the middle of last year.

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