SAN FRANCISCO: A federal jury ordered SAP AG to pay US$1.3bil (RM4.2bil) to its archenemy Oracle Corp for stealing customer-support documents and software in a scheme to siphon off customers.
The verdict amounts to more than half of SAP’s total profit last year and stunned the German software maker. It had only set aside US$160mil (RM512mil) for anticipated damages, and already paid US$120mil (RM384mil) of that to Oracle’s lawyers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!