AI & Enterprise
SAP shares slide 11 percent on slow fourth-quarter cloud contract growth
SAP shares fell 11 percent after fourth-quarter cloud contract growth slowed, marking the biggest decline since 2020, CNBC reported on Jan. 29. After a disappointing third-quarter earnings release, the stock had fallen 22 percent. CNBC said SAP’s cloud backlog rose to $2.35 billion but did not meet Chief Executive Christian Klein’s 26 percent growth target. SAP forecast cloud backlog growth in 2026 would slow slightly.
