Keywords: SAP, double dip, CFO, Werner Brandt

SAP CFO stays positive

Susie West | News | 8 September 2011

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According to Reuters, SAP Chief Financial Officer Werner Brandt said he has no indication that the euro zone debt crisis is having an impact on the world's real economy.

Asked in a recent investor conference in London Brandt said "what we see is that the real economy is not impacted, and we have no reason to change the outlook we gave at mid-year."

In July 2011 SAP raised its outlook, saying that it expected both sales and profits to reach the high end of its annual forecast.

As many business leaders will agree, Brandt warned that making negative comments about the economic outlook could pave the way to recession, saying "we have to be careful not to provoke a recession just by talking about it here."