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Order Reprints Text size SAP SuccessFactors and SAP company sign on the facade of company headquarters in California Michael Vi/Dreamstime.com SAP late Thursday pre-announced fourth quarter financial results, as the German enterprise software giant continues an aggressive push to shift its business to the cloud. “In a uniquely challenging environment, 2020 was a record year for cash flow in every single quarter and the full year,” CFO Luka Mucic said in a statement. “Our better-than-anticipated top line performance combined with our quick response on the c...

Order Reprints Text size U.S. President-elect Joe Biden walks offstage after he laid out his plan for combating the Covid-19 pandemic and jump-starting the nation’s economy. Getty Images Stocks declined on Friday, even after President-elect Joe Biden unveiled details of a $1.9 trillion fiscal stimulus plan and banks reported solid quarterly earnings. The S&P 500 slipped 27.29 points, or 0.7%, to 3,768.25, and the Nasdaq Composite declined 114.14 points, or 0.9%, to 12,998.50. The small-cap For the week, the Dow fell 0.9%, the S&P 500 fell 1.5% and th...

Germany business software giant SAP paid around $8 billion for Qualtrics two years ago, in one of the biggest acquisitions ever.