https://www.reuters.com/article/sap-se-results-idUSKBN27B0LB

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BERLIN (Reuters) - SAP said on Monday it was going all in on its shift to cloud computing as it abandoned medium-term profitability targets and cautioned that its business would take longer than expected to recover from the coronavirus pandemic. FILE PHOTO: SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski/File Photo. Investors reacted by dumping shares in Europe’s most valuable tech firm, which opened nearly 20% lower in Frankfurt to wipe $35 billion off its market value - their biggest one-day drop in 24 years. The strategic pivot by Chief Executive Christian Klein means investors are once again being asked to wait for the promise of fatter margins at the German business software group to become a reality. Full story

26 October

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