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Software makers have been reporting slowing sales.
So how -- S&P the largest business software provider in the world they help businesses run their businesses more intelligently.
How is it positioning itself for growth -- they just got their best first quarter numbers ever.
In -- first on Fox Business interview bill McDermott SA peace -- CEO.
Joining me now one and first -- -- perhaps a more important issue at hand than quarterly numbers and that is in your book big Cambridge offices that's correct yes tell us about what's going on and your employees there.
Well first of all we've accounted for all of our employees and thank goodness they're okay but we close down our office in Cambridge in Burlington and sent everybody home to work virtually.
I am really really heartsick over this whole situation in Boston and so too.
People who work for our safety our heart goes out to Boston Boston we love you and -- with you.
How significant is -- I mean bill you're -- just -- there are so many businesses in Boston everything from Sam Adams took.
Boston Scientific you name it they're there or they've got big offices they're like your guys.
To shut down pretty much an entire major metropolis and tell people just don't show up right.
What does that really mean.
It really mean this this -- an unprecedented event it's the first time I can never call anything quite like it.
It's heartbreaking it's gut wrenching and it's almost difficult to spend the day talking about corporate earnings when this something this significant.
In the world going on and I pray for those people.
Indeed we all do what's important though is that we show.
Nefarious people a necessary evil people that life does go on and Americans are resilient so let's point out the fact that I was -- company have done absolutely beautifully this quarter.
In particular thirteenth quarter of double digit growth up about 14%.
-- what is driving your business right now that that excites you the -- -- innovation.
We love delivering innovation that makes a difference for our customers are customers are mobile they're on the fly.
They need to build business models in the cloud so the line of business executive that's in sales of procurement or.
HR needs easy to run fiesta deploy solutions that help them.
Achieve their goals.
The club business let's just talk about this not -- and in particular particular term cloud but for people who don't understand that there gigantic servers in the sky and your customers will pay a fee is I understand it too -- to war.
A lot of what they do on your servers they're -- accessible from any PC any device.
Sure so rather young business it's not the biggest part of your business but will it be and when.
Well it's growing really fast I mean this quarter -- 358%.
So while it's not the biggest it's quickly on its way to being a couple of -- billion US dollar business by 2015.
The other piece is -- -- you mention analytics and real time insights our customers want to connect with their customers.
And you can't connect unless you can sense and respond and make real time offers.
And make it easy to do business with our customers for their customers so we've got -- up.
Which is the world's fastest in memory computing database for structured or unstructured and social data and has changed in -- world.
Speaking of customers you've got about 232000.
Of them but one of those customers is the US government yes sequestration.
They are cutting back are they not yes how is that going to affect you and if you could be specific.
I will gladly first of all.
Right now -- not a lot of decisions being made so it's not so much we're getting cut back or others are getting cut back decisions have slowed in general.
Incidentally that's not only true in the US public sector that's true in a lot of public sector businesses including China for the state owned enterprises and so on.
But how we're going to be affected it remains to be seen I'm sure everybody will be affected somewhat but.
Can help the government take LeMieux and I know that.
But does the government -- act on it and write the check -- -- they really need to what what has to happen now.
His government has to run like a best run business it has to innovate.
It has to care better for the citizens it has to make the friction points go way it has to be easy to do business with -- the constituents.
-- have to collect taxes in order -- process season do things.
In a far quicker way to satisfy the needs of modern economy our software -- that the senator that the big thing government also has to do.
Is stop spending money on things that don't matter.
But it -- matters right this matters innovation matters don't do things that a commodity legacy investments changed the game.
SAP co CEO bill McDermott the stock is up about 20% Europe for your down slightly today but were watching this closely thank you it's and by the way for -- its competitor up 11% year for yourself.
SAP right now -- just a bit better over the past year closing bell ring.
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