SAP's Cloud Forecast: Disappointment or Relief?

SAP's stock price whipsawed after a lukewarm cloud revenue forecast, initially rising on relief it wasn't worse before dipping. Despite the forecast landing at the lower end of expectations—€21.6 to €21.9 billion—analysts see positives in strong demand and a surging 27% cloud backlog, easing AI disruption fears. While SAP trails ASML and LVMH in market cap after briefly leading Europe, year-to-date shares are up, building on last year's 70% surge, suggesting continued investor confidence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.