THE HOME OF THE GLOBAL SOURCING STANDARD

SAP Goes all in on Cloud, Scraps Mid-Term Margin Goals

26 Oct 2020 10:52 AM | Mia Devonshire (Administrator)

SAP, a software company has announced that they are going to transfer to Cloud Computing as they desert potential medium-term profit targets.

Their move comes as demand has increased for could services in the pandemic.

Many are cautious about this move as business may take longer to recover under the current climate. There are also concerns that they will lose out to more innovative competitors. This uncertainty pushed shares down by nearly 20%.

Read the full article here

Powered by Wild Apricot Membership Software