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SAP share price slides, but renewal discounts stay off table

Summary by The Register
: Drop in customers' cloud conversion rate causes share price to plunge 22% – steepest decline since 2020

7 Articles

Center

Financial supervision sees the risk of further price losses. SAP and Microsoft could be the first victims of a strong correction.

·Berlin, Germany
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Lean Right

Last week, the share of the German software group SAP was solely responsible for the losses in the Dax. Handelsblatt editor Andreas Neuhaus draws two conclusions from this.

·Düsseldorf, Germany
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It was a real massacre. On January 29, SAP, whose applications are widely used to manage everything, from inventory to payroll, announced during a conference on results that expected a “slight slowdown” in its cloud-based software business in 2026. The price of its shares plummeted by 15%. ServiceNow’s, whose tools help [...] The entry The software industry and AI: bubble, falls and prospects was first published in AgendAR.

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Financial supervision sees the risk of further price losses. SAP and Microsoft could be the first victims of a strong correction.

A weaker cloud growth drives SAP into the descent. Despite the price slip, UBS sees attractive entry opportunities for investors right now.

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wiwo.de broke the news in Düsseldorf, Germany on Monday, February 2, 2026.
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