Technology
SAP shares fall sharply after COVID-19 cuts revenue, profit forecast at software giant – TechCrunch
SAP announced its Q3 earnings yesterday, with its aggregate results down across the board. And after missing earnings expectations, the company also revised its…
SAP announced its Q3 earnings yesterday, with its aggregate results down across the board. And after missing earnings expectations, the company also revised its 2021 outlook down. The combined bad news spooked investors, crashing its shares by more than 20% in pre-market trading, and the stock wasn’t showing any signs of improving in early trading.
The German software giant has lost tens of billions of dollars in market cap as a result.
The overall report was gloomy, with total revenues falling…
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