Connect with us

Business

Software stocks take a hit after SAP’s profit and sales warning – MarketWatch

Published

on

post featured image
ADVERTISEMENT

Shares of business software companies fell Monday, after Germany-based software giant SAP SE
SAP,
-22.76%
SAP,
-22.35%
issued a profit and sales warning as customers have pushed back investments as a result of the COVID-19 pandemic. Shares of Oracle Corp.
ORCL,
-5.11%
sank 2.9% in premarket trading, Salesforce.com Inc.
CRM,
-2.89%
dropped 1.6% and Microsoft Corp.
MSFT,
-1.54%
slid 1.1%. SAP’s U.S.-listed shares plunged 21% premarket, putting them on track to open at a 5-month low. The…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

post featured image
Hewlett Packard Enterprise is the latest tech company to leave Silicon Valley, and is moving to Houston – CNBC
post featured image
Salesforce acquires Slack for over $27 billion, marking cloud software vendor’s largest deal ever – CNBC
post featured image
Bars, restaurants may never fully recover from pandemic, Molson Coors CEO says – Fox Business