Sybase CEO John Chen on Mobile Enterprise Software Growth
John Chen, CEO of Sybase, a separate unit of SAP, discussed the company's growth and ambitions in mobile enterprise software on Bloomberg TV's "Street Smart." Chen emphasized that a quarter of SAP's revenue is expected to come from mobile and in-memory technology, highlighting the importance of mobile computing in business operations. He also noted that Sybase's growth rate in mobile enterprise demands is double-digit every quarter, despite global economic headwinds.
Key Takeaways:
- John Chen expects a quarter of SAP's revenue to come from mobile and in-memory technology, a goal that analysts have called ambitious.
- Sybase's growth rate in mobile enterprise demands is double-digit every quarter, with the company managing to maintain this growth despite global economic headwinds.
- Chen emphasized the importance of mobile computing in business operations, stating that it provides real-time capability and makes everything more affordable.
- Sybase designs its software to work on all six environments, making it universally applicable.
- Chen doesn't rule out hardware-software integration for Sybase but doubts it will happen in the near future, prioritizing software innovation and mobile application development.
- The company has a tremendous market opportunity in mobile application development, which it will focus on for the next three to five years.
Statistics:
- 1 billion people: Sybase's goal to reach this number through its mobile and in-memory technology.
- $5.8 billion: The acquisition price of Sybase by SAP in August.
- Double-digit growth: Sybase's growth rate in mobile enterprise demands every quarter.
- $100%: Chen's statement that some people are looking to improve their productivity in the current economic environment.
Sources:
- Bloomberg TV
- John Chen, CEO, Sybase
- SAP
- Matt Miller, Bloomberg News Anchor
- CQ-Roll Call Inc.
- Bloomberg LP