WALLDORF, Germany Faster than expected growth in its cloud business has pressured margins at German business software company SAP, but for Chief Financial Officer Luka Mucic that's a good problem to have.
FRANKFURT German software company SAP reported a 41 percent jump in cloud revenues in the third quarter as its business transformation gathers pace, enabling management to raise guidance for revenues and profits this year.
SAN FRANCISCO/FRANKFURT Apple Inc is taking control over the power-management technology at the heart of its iPhones in a $600 million deal with Dialog Semiconductor that also secures the German-listed company's role as a supplier to the U.S. tech giant. | Video
San Francisco/Frankfurt Der deutsch-britische Chip-Entwickler Dialog Semiconductor stellt seine Zusammenarbeit mit dem US-Technologieriesen Apple als seinem größten Kunden auf ein neues Fundament.
MUNICH/FRANKFURT Wirecard , the fintech company that last month joined Germany's DAX blue-chip index, said on Tuesday it expects core profits to grow sixfold by the middle of the next decade thanks to a boom in e-commerce and digital payments.
* Deal goes ahead as others have struggled amid market
(Adds narrowed price guidance range, updates valuation,
Westwing IPO offer price)
FRANKFURT Westwing, the "home and living" company backed by Germany's Rocket Internet , said on Thursday it had set the price range for its planned initial public offering at 23 to 29 euros per share.
(The Sept 13 story corrects paragraphs 14-15 to clarify the background on Falun Gong, and the German edition of the Epoch Times and its coverage of issues also of interest to the AfD)
FRANKFURT German publishing group Bertelsmann said on Monday it was buying U.S. online education provider OnCourse Learning from private equity firm CIP Capital in a deal worth around $500 million.