It’s Falling Apart: SAP Collapses On Virus Warning As Europe Stares Into Abyss

It’s Falling Apart: SAP Collapses On Virus Warning As Europe Stares Into Abyss

A hodgepodge of unwelcome developments undercut risk sentiment as the new week dawned, with the virus taking center stage and geopolitical tensions flaring anew. SAP collapsed more than 20% at one point, after the German software maker slashed revenue guidance for the full year and cautioned on the ramifications of expected new COVID-19 lockdowns. Cloud revenue, sales, and profit aspirations were all pushed back by at least a year, and the timeline on the company's 2023 strategic initiative is
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