By Frank Prenesti
Date: Thursday 29 Jan 2026
(Sharecast News) - Shares in SAP tanked on Thursday after the German software giant reported weaker-than-expected growth in its cloud contract backlog in the fourth quarter.
SAP's current cloud backlog rose by 16% in the fourth quarter to €21.1bn against expectations of 26% growth. Shares in the company fell 15% on...
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