SAP Sags on Slower Growth

Investors get spooked over weaker-than-expected software license sales as well as worries about competition from archrival Oracle

It was a black Friday for German software giant SAP on Jan. 12, as shares dropped 7.5%, to €39.00 ($50.38) in heavy trading on the Frankfurt Stock Exchange. That followed a 10.5% plunge in SAP's U.S.-traded ADRs on Jan. 11, to $48.50, after the company warned that fourth-quarter software license sales grew more slowly than expected.

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