Germany: SAP's Earnings Week
The German stock market (DAX 40) rose by 1.02% last week, while the earnings season brought the technology sector into focus. The report from Europe's largest software maker, SAP, provided an overview of strong demand for cloud services, but also raised questions about profitability and the return on large investments.
SAPSAP (SAP)
SAP reported strong revenue growth of 15.7% in the second quarter, driven by a 25% increase in its cloud business. At the same time, net profit fell by 10.2% and the company cut its profit forecast. The decline was caused by costs associated with recent acquisitions (Dremio, Prior Labs) and increased investments in artificial intelligence, which overshadowed the success of cloud services. Investors reacted negatively, and the stock fell by -7.0% over the week, reaching a new 52-week low.
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