Ambitious strategy could spark complete rethink of German firm’s valuation
Thursday 21 Oct 2021 Author: Steven Frazer
We believe German software giant SAP’s ambitious cloud computing strategy is working and while stock market investors have been slow to give credit, this will change. Cloud revenue is growing increasingly fast – up from 11% in the second quarter Q2 (to 30 June) to 20% in Q3, the company has already said. Investors will get more detail today (21 Oct), when full Q3 results are reported, but we...