XTRA:SAPSoftware
SAP Buyback And AI Push Confront Weak Cloud Sentiment And Valuation
SAP (XTRA:SAP) launched a €10b share buyback program following its recent earnings release.
The company highlighted ongoing integration of AI into core products, including customer specific AI capabilities.
Management pointed to new AI partnerships, such as with Syngenta, as part of a broader push in the application layer.
A cautious cloud outlook accompanied the update and was followed by a sharp market reaction and sector wide concerns.
SAP enters this phase with its share price at...