More SAP awards, first wired and now this from Germany.
One of the reasons people buy our stuff is so that they can improve financial controls, transparency and the like, so it is good to see SAP getting some praise for how we deal with the financial analyst community.
The financial analyst guys scored the investor relations award in Germany (from Capital magazine and Capital and the Deutsche Vereinigung für Finanzanalyse und Asset Management (DVFA)), winning both the overall prize, and that for the Eurostoxx 50 award.
If our own financials are clear, transparent and we are seen as open and honest, then I think we can help play a role in shaping the compliance solution landscape, not just in terms of writing code, but as an example of good business practice ourselves. The IR guys do a great job, but this stuff starts at the top, with the CEO and the CFO.
If I was buying software, the vendors long term relationship with the investment community would be a good place to start.
You can read the full article in German here. I’ll attempt a vague, with poetic licence, translation of a couple of the key quotes.
1.Kagermann commented: Management is not allowed to concede to the short-term pressure of the market. We have to find a balance between growing long-term and quarterly numbers. Backbone is important.
2. “When Kagermann says the margins will improve, you can bet on it”, said Merrill-Lynch-Analyst Raimo Lenschow from London.
3. Kagermann, the Physics professor, was called “integrity personified” by the Börsen-Zeitung (the German Market magazine)
4. “SAP is what one would call typically German”, said Knut Woller Analyst at HVG, “solid and correct. Oracle tends to the rhetorical overstatement, but the operative development speaks clearly for SAP.”
5. Kagermann stated “I want to know exactly what our investors think about us” When the first hedge funds moved into the German equity market, he met with the key players. And as blogging took off he invited (well Jeff did), bloggers to Sapphire. He met a very experienced IT person at a bar (I think he means Niel) who regularly reads and comments about SAP, “since then, I take them seriously” Said Kagermann
I also think it is rather neat that a german journo from the major financial magazine here picked up on the blogging angle in the same sentence as hedge funds.
I like working for a company run by someone the investment community trust. As an insignificant shareholder, I like it even more.