Reported about 8 hours ago
SAP shares experienced volatility following the company’s announcement of a cloud revenue forecast at the lower end of expectations, predicting 2025 earnings to be between 21.6 billion and 21.9 billion euros. After an initial rise, the stock fell about 2% as analysts noted a strong demand and a cloud backlog growth of 27% year-on-year, despite concerns related to AI disrupting the software sector.
Source: YAHOO