Sap says salesforce value too high to scale

Software firm SAP’s boss Bill McDermott again ruled out a bid for Salesforce.com, and said its rival is unlikely to lure any other industry player to bid too. Salesforce, which has naming rights to the Heron Tower brushed off the SAP snub with some expectation-beating results

Full year revenue rose 23 per cent to $1.51bn (£0.97bn) from $1.23bn. Net profit was $4.1m.