Autonomy Sale Signals Software Boom as SAP May Be Targeted

(Updates with closing share prices throughout.) Aug. 19 (Bloomberg) — Hewlett-Packard Co.’s $10.3 billion takeover of Autonomy Corp. bolstered valuations for European software makers, highlighting their attraction compared with hardware providers. HP is paying about 24 times earnings before interest, taxes, depreciation and amortization, a multiple that was last matched by Oracle Corp.’s acquisition of [...]

Written on August 22, 2011 | Posted in Global

SAP to Meet Top End of Forecast as Sales Growth Beats Oracle

July 27 (Bloomberg) — SAP AG, the largest maker of business-management software, said it will reach the top end of its profit forecasts this year after winning market share last quarter on demand for mobile and data-analysis offerings. The company yesterday reported second-quarter software license sales growth that beat estimates and rival Oracle Corp., sending [...]

Written on July 27, 2011 | Posted in Global