Putting things in perspective
So we pre-announced today, and in case you haven't heard, our 8% increase in quarterly software license sales was below consensus estimates. Good news is that we were up 16% in the US and the articles I've read indicate that the issue was a few big deals not closing this quarter rather than Oracle stealing market share. (Note: all this info is from public sources). Our ADR closed down 7%. Bummer, but Henning says we're still tracking for the year and I think most of my colleagues are pretty optimistic.
Anyway, I thought Charlie Wood had a take that put things into perspective a bit:
Anyway, I thought Charlie Wood had a take that put things into perspective a bit:
Wow. SAP lost around $4,391,782,813.19 in market cap today, or roughly 1.75x the entire value of Salesforce.com [CRM].