![]() ![]() SAP's cloud growth is soaring now - cloud bookings growth hit nearly 40% y/y this quarter and accelerated sequentially from Q2 - but still nothing seems to stoke investors' enthusiasm in SAP any longer. While investors have latched onto high-growth SaaS startups (though in October, investors quickly pivoted out of these names), Oracle and SAP are enduring extended punishment for not transitioning quickly enough into the cloud. Like its unfortunate peer in the large-cap software sector, Oracle ( ORCL), SAP has been a laggard for an extended period of time. ![]() After posting Q3 results, SAP's shares slid yet again, adding further injury to a stinging October correction that quickly pulled SAP down from a year-to-date high of $127 reached in late September. Earnings releases are seldom positive events for SAP ( NYSE: SAP), the German software giant whose stock has whimpered all year long despite notable advances in its cloud efforts. ![]()
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