SAP to expand margins after closure of Qualtrics deal

SAP’s CFO, Luka Mucic stated, the German business software firm will be able to scale up growth and profitability at Qualtrics.

On Friday, SAP’s Chief Financial Officer, Luka Mucic stated, the German business software company expects its margins to continue to expand despite its $8 billion acquisition of U.S. online consumer sentiment tracking company Qualtrics.

Mucic made the remarks while addressing an audience at the Morgan Stanley European Technology, Media and Telecoms Conference in Barcelona while adding that SAP will be able to scale growth and profitability quickly at Qualtrics.

He went on to add, SAP’s margin recovery story will remain intact and that the company would provide an update on guidance once the deal is closed.

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