SAP Bears Wary of Waiting Amid Promised Shift to Cloud
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According to SAP SE, the short-term cost of moving toward cloud computing will pay off with long-term gains. In the interim, investors are wary.
Shares in the world’s biggest maker of business software plunged last month and are heading for the worst year since 2008, as the move to serve customers via Internet applications instead of computer-stored programs weighs on profit. Bearish options on the German firm rose to the highest level in more than two years relative to bullish ones, data compiled by Bloomberg show.