SAP shares set for biggest daily drop since 2020
38 Articles
38 Articles
Europe's largest software manufacturer is growing and making a profit. Nevertheless, SAP papers on the Frankfurt Stock Exchange have experienced a raven-black day. This is due to unexpectedly weak growth in a central business segment.
Despite rising profits and ambitious future plans, the SAP share is experiencing a collapse. This slowed down growth in strategically important cloud business insecures investors.
In the software world, fear is all about it. Although SAP's orders are growing in double digits, the share price is running out. Corporate CEO Klein shows himself in a conversation with F.A.Z.
The software group SAP has disappointed investors with its quarterly figures and the outlook. The DAX has also significantly declined today, bagged by high losses of the heavy-weight share.
SAP is Europe's largest and most powerful tech company – and the only one to compete internationally. After the release of the annual figures, the stock is now crashing, investors are losing confidence.
German software developer SAP more than doubled its net profit last year to 7.5 billion euros, with revenue up 8 percent to 36.8 billion euros, despite a weak dollar that significantly dented growth.
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