SAP first quarter earnings drop 16 per cent
SAP reported first quarter net income down 16 per cent year on year, and revenue down 3 per cent, as customers remain reluctant to spend on new software.
SAP reported first quarter net income down 16 per cent year on year, and revenue down 3 per cent, as customers remain reluctant to spend on new software.
Oracle has issued 102 subpoenas to 99 former customers of TomorrowNow, the now-shuttered SAP subsidiary at the heart of Oracle's lawsuit against SAP, according to a court document filed this week.
SAP wants a federal court to make Oracle hand over records of its business arrangement with CedarCrestone, an Alpharetta, Georgia, systems integrator that provides third-party support for Oracle PeopleSoft applications.
SAP wants Oracle to reveal profit-margin information for JD Edwards and PeopleSoft software and support, according to a joint discovery statement filed this week in connection with Oracle's lawsuit against SAP.
A document filed last week by SAP indicates there may be no quick settlement to its rancorous legal entanglement with rival enterprise software maker Oracle, even though SAP admits that some of Oracle's claims about its former subsidiary TomorrowNow are true.
SAP co-CEO Henning Kagermann allegedly held strong concerns at one point about the legal implications of buying TomorrowNow, the now-shuttered SAP subsidiary tied to a lawsuit filed by rival vendor Oracle.
SAP has asked a U.S. District court judge in California to throw out some of the claims Oracle has made in a lawsuit filed over SAP's subsidiary, TomorrowNow, charging that Oracle is trying to bog down proceedings.
Oracle and SAP held settlement talks Monday in their TomorrowNow lawsuit but failed to reach an agreement that would end the case, an SAP spokeswoman said.