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Europe's biggest software group SAP could eventually see its software delivered via the cloud deliver higher profit margins than its traditional packaged software, its finance chief told a newspaper. In the long term, they can definitely become more profitable than our classic licence sales," Luka Mucic told the Euro am Sonntag business weekly in an interview published on Saturday. Unlike the packaged software SAP has been selling for decades, for which clients pay a immediate licence fee, cloud-based software is generally paid for by subscription over time, but most of the costs for the software provider are upfront. more...


Sony Corp said it was delaying the official submission of its third-quarter results due to the massive cyberattack on Sony Pictures Entertainment, which debilitated network systems at the Hollywood studio. Sony said it will still hold a news conference on Feb. 4, the originally scheduled date of its results announcement, to give updated financial forecasts for the quarter. more...


By Julien Toyer and Denny Thomas MADRID/HONG KONG (Reuters) - Li Ka-shing's Hutchison Whampoa Ltd has agreed to buy Telefonica's British mobile unit O2 for up to 10.25 billion pounds ($15.4 billion), hastening the consolidation of Britain's telecoms industry. Hutchison already operates the Three Mobile network in Britain, and buying second-ranked O2, which has about 22 million subscribers, from the Spanish group will make it the top mobile operator in the country. The move comes only weeks after former state monopoly BT entered exclusive talks with the owners of EE, Britain's biggest mobile operator to create a dominant provider of fixed and mobile phones and internet services. more...


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