German CECA-ed IT firm SAP stock crashes almost 17% in a day as prospects dim

[proton_cannon]

While other tech firms providing services raise to new hights, SAP stagants and report worse and worse quarters

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https://markets.businessinsider.com...ice-2020-outlook-downgrade-2020-10-1029720099

Shares in German software maker SAP fell by more than 17% on Monday, after the company cut its 2020 outlook, citing a slower-than-expected recovery from the coronavirus pandemic for many of its key customers.

Shares in SAP fell by as much as 21% to €98.88 euros ($116.7), at one point, dragging Frankfurt's DAX down 2.1%, making it the worst-performing index in Europe on Monday morning.

--- SAP was CECA-ed since mid 2010's

Previous news:
Meet the Indians Behind the Refresh at SAP - 2014

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https://www.brightworkresearch.com/the-brightwork-survey-results-on-indian-discrimination/

https://blogs.sap.com/2017/11/02/can-i-say-im-overwhelmed-sap-community-in-bangalore/

 

[Why so serious]

I thought most corp use sap products

Too sexpensive?

 

[Neon92]

Had bad experiences involving SAP

 

[vbhelper]

now move to workday riao

 

[Hierophant]

SAP ish just a dead fossil...

 

[proton_cannon]

I thought most corp use sap products

Too sexpensive?

SAP has never been innovating to catch up for nearly the past 5-7 years.

Its market share is declining like people switching to chrome from IE explorer

 

[Illusionist_85]

now is sap hana lo

 

[Pikasso]

Pls close for good

 

[smellybuibui]

Ceca is causing many failures becos of their talk-only approach.

 

[zuoom]

Not surprised.

 

[soaresb]

No wonder sap so cui

 

[heng_ah]

Now everything is cloud computing.
Even some gov agencies already moved to Workday

 

[proton_cannon]

now is sap hana lo

sap hana is one overpriced p o s. there are much better alternatives out there if your it department fossils bother to look and have the courage to change

 

[cutekawaii]

Many graduates look forward to work in big corporations like SAP. Like it or not, SAP is still a market leader in businesses.

 

[saycheese]

SAP is full of legacy dinosaurs

 

[jdepaul2]

okay cool.

 

[BwaySaiDonk]

sap hana is one overpriced p o s. there are much better alternatives out there if your it department fossils bother to look and have the courage to change

yup true..........

 

[cutekawaii]

 

[addict951]

now move to workday riao

Y’all use huat on Workday? You mean HR services is it?

 

[bluecutie]

Lack experience 20 moar years ought to do it

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