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Cloud Computing 26 January 2026 - 1 February 2026

SAP stock dives 12% after cloud backlog jitters; €10 billion buyback doesn’t steady the shares

SAP stock dives 12% after cloud backlog jitters; €10 billion buyback doesn’t steady the shares

Shares in SAP fell about 12% to around 172 euros in early Frankfurt trade on Thursday, putting Europe’s largest software maker on track for its steepest one-day drop since October 2020. The selloff followed results that met revenue forecasts but missed expectations on cloud backlog and a 2026 cloud revenue outlook, and has wiped roughly $150 billion off the stock’s value from its 2025 peak; “SAP needed an all-round acceleration to fight the trough sector sentiment, and with puts and takes in the update we see shares underperforming,” said Citi analyst Balajee Tirupati.
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