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The last couple years, SAP earnings reports have had that tantalizing/frustrating pick your own narrative quality.
Narrative 1 A software giant struggles to evolve into a modern SaaS business
Narrative 2 A forward-thinking innovator continues a multi-year cloud transformation, bolstered by SaaS acquisitions
You can certainly pick your narrative with SAPs Q1 2019 results, released a couple of weeks before a pivotal Sapphire Now event. Not surprisingly, SAPs latest numbers are impacted by two developments:
Following the cloud transformation narrative, upbeat news included:
SAP reported a 26 percent increase in new cloud bookings for the first quarter at constant currencies.
VOTERS could face a number of zombie candidates, as the Australian Electoral Commission referred a Senate nominee to the federal police.
Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017.
However, he has declared on his nomination form for the West Australian Senate he was clear to run in the 2019 federal election.
While the AEC does not have the power to reject his nomination regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate it has provided the form to the Australian Federal Police to examine if a false declaration has been made, relating to his status as an undischarged bankrupt.
The flagship convenience store business is humming, with revenues surging 29.8 per cent in 2019 to 3.776 trillion. This segment still punches above its weight from a group perspective, and provides the lions share of operating profits (about 80 per cent) while accounting for just over half of total revenues.
Same-store sales growth in Japan was up 1.3 per cent year-on-year. Spending per customer ticked up, with a higher proportion of ready-to-eat meals in the sales mix (part of a national trend). During the reporting period the company added 616 stores in Japan, taking the total to 20,876. Just over 903 US stores were added, to a total of 9573.
The group earnings miss was largely due to the weak performance of the department stores, which …
Bengaluru: In a major restructuring exercise, ride-hailing service Uber Technologies Inc. has appointed Pierre-Dimitri Gore-Coty to take charge of the companys Asia-Pacific rides business, the IPO-bound startup said on Wednesday. Gore-Coty will also continue in his current role, leading the rides teams across Europe, Middle East and Africa.
Amit Jain, who started the rides business in India and headed Uber Indias operations before taking up the responsibility as the head of the Asia Pacific business, has furnished his resignation.
After four great years, Amit Jain will be leaving Uber at the end of May to spend time with his family before taking the next step in his career,” Uber chief operating officer Barney Harford said in a stateme…
Far-right senator Fraser Annings candidate for the Victorian seat of Bendigo is an undischarged bankrupt, making her ineligible to nominate for the May 18 federal election.
Former Bendigo councillor Julie Hoskin formally nominated for the central Victorian lower house seat yesterday, having completed the Australian Electoral Commissions new qualification checklist relating to section 44 of the Constitution, which required her to tick a box saying she was not currently an undischarged bankrupt or insolvent.
However, the anti-mosque campaigners trustee, RSM Australia partner David Kerr, confirmed to The Australian last night that she remained an undischarged bankrupt.
Voters could face a number of “zombie candidates”, as the Australian Electoral Commission referred a Senate nominee to the federal police.
Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017.
However, he has declared on his nomination form for the West Australian Senate he was clear to run in the 2019 federal election.
While the AEC does not have the power to reject his nomination – regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate – it has provided the form to the Australian Federal Police to examine if a false declaration has been made, relating to his status as an undischarged bankrupt.
Thirteen Scots a day are being declared bankrupt as the impact of Brexit uncertainty and welfare cuts saw numbers soar over the past year.
The Scottish Government says a growing number of people are facing “increased financial pressures” as the economic situation becomes increasingly uncertain.
A total of 12,779 Scots were declared insolvent in 2018/19 – a rise of 20% om the previous year. This included 4,862 who went bankrupt and 7,917 who were placed into Protected Trust Deeds. The figures have been rising steadily for the past three years.The number of firms gong bust was also up by 9.3% to 966, according to official figures released by Accountant in Bankruptcy (AiB).
The number of people in Scotland being declared insolvent rose by more than 20% in a year, new figures indicate.
Accountant in Bankruptcys provisional estimates show personal insolvencies increased 20.5% from 10,602 to 12,779 between 2017/18 and 2018/19.
The increase was driven by a type of insolvency agreement called a protected trust deed, which rose 32.9% on the previous year.
The number of bankruptcies were up 5% in the same period.
Statistics for the first three months of 2019 show personal insolvencies rose 29% compared to the same period the previous year, and were up 2% on October to December 2018.
Meanwhile, corporate insolvencies also increased, up 9% from 884 in 2017/18 to 966 in 2018/19.
SAP raised its operating profit outlook on Wednesday as Europes largest software groups quarterly cloud revenue exceeded 1.5bn for the first time, up 45 per cent from the same period a year earlier.
The German business software group took a hit from restructuring costs as well as other acquisition-related and share-based bonus charges, announced earlier, to report a first-quarter operating loss. The shares rose about 7 per cent in early Frankfurt trading and were the biggest risers among European equities after Wirecard, a fellow German company.
The Walldorf-based groups operating loss of 136m, which compared with a 2018 first-quarter profit of 1.03bn, took into account expected restructuring costs of 886m as well as charges rel…
Published: 20:43 AEST, 24 April 2019 | Updated: 20:44 AEST, 24 April 2019
The number of people in Scotland being declared insolvent rose by more than 20% in a year, new figures indicate.
Accountant in Bankruptcys provisional estimates show personal insolvencies increased 20.5% from 10,602 to 12,779 between 2017/18 and 2018/19.
The increase was driven by a type of insolvency agreement called a protected trust deed, which rose 32.9% on the previous year.
The number of bankruptcies were up 5% in the same period.
Statistics for the first three months of 2019 show personal insolvencies rose 29% compared to the same period the previous year, and were up 2% on October to December 2018.
Bankruptcy stays on your credit report for 7 to 10 years and has a detrimentaleffect on your credit scorefor even longer.
Individuals can file for bankruptcy in two ways chapter 7 or Chapter 13. Each method has different qualifications and ramifications. And once someone declares bankruptcy,…
Voters could face a number of “zombie candidates”, as the Australian Electoral Commission referred a Senate nominee to the federal police.
Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017.
However, he has declared on his nomination form for the West Australian Senate he was clear to run in the 2019 federal election.
While the AEC does not have the power to reject his nomination – regardless of whether any answer to a question of the qualification checklist is incorrect, false or inadequate – it has provided the form to the Australian Federal Police to examine if a false declaration has been made, relating to his status as an undischarged bankrupt.
