In an interview with CNBC, SAP co-CEOs Jennifer Morgan and Christian Klein pointed to the firm's third quarter numbers, which saw revenue up 13% year-on-year, to highlight the strength of the company.
Board members Jennifer Morgan and Christian Kleinas the software giant announced Thursday that Bill McDermott was stepping down.
"First of all, when you look at our numbers … you will see a really decent growth across all geographies. SAP is doing really well both in North America as well as in Europe, and of course high growth also in Asia," Klein said. In response to a question about the effect of the trade war, Klein said he was not concerned and instead is "confident for the quarters to come."
"As he reflected, he thought about the timing, he thought about the strength of the company now, and rather than thinking about handing over the reins and kind of going through a transition at the beginning of the year — which is really our most busy and active time setting the strategy and getting the new year in motion — he felt now was the appropriate time to come out," Morgan told CNBC.
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