SAP Stock Under Pressure: Disappointing Cloud Figures Weigh on the Price
Reading Time: 3 minutes
The SAP stock experienced a significant setback after the German software giant presented its latest business figures and the outlook for the coming months. In early European trading, the stock fell by 12%. This continues a negative trend that has led to a total decline of more than 33% over the last twelve months. The main trigger for the current sell-off was the cloud order backlog, which fell short of analysts' high expectations. Missed growth targets in the cloud segment Although the company continues to grow with its travel expense platform...
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