US economy decline will not effect SAP: Ranjan Das

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Bangalore, Feb 6: President and CEO of SAP, world's leading provider of business software Ranjan Das today opined that the fall in US economy will not have any adverse impact on SAP India and there will be no cut in expenditure cost or cut in jobs.

Talking to newspersons here, he said ''there may not be any impact on SAP following decline in the US economy and in India I don't expect slow down.'' Mr Das said SAP India has registered over 100 per cent growth in license revenue in 2007 as compared to previous year and the number of customers has doubled to 3,024 from 1,350 in December 2006. Business also registered a 230 per cent growth and SAP's market share in terms of revenue stood at 42.5 per cent.

Mr Das said the company plans to launch 'Buy Back' product aimed at garnering small companies in April this year. Replying to a question, he said the process of SAP investing One Billion dollar by 2010, started in 2006 is continuing.

With the company registering overwhelming growth, SAP will go in for recruitment drive this year and more than 100 might be recruited. India is the third largest subsidiary for SAP in terms of employees. At present SAP has 4,836 employees on its roll, he said.

SAP India has direct presence in nine cities besides Sri Lanka and Bangladesh.

UNI

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