BUZZ-SAP falls as Oracle spending plans, SaaS slowdown weigh on sector

Oracle

Oracle

ORCL

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** Shares in SAP SAPG.DE fall 4% as its competitor and peer Oracle ORCL.N announced on Wednesday higher-than-expected capital spending plans for fiscal year 2027 and said it would also raise more debt in 2027

** A local trader said Oracle’s slowing SaaS revenue growth offers "the most negative read‑across" for the enterprise software sector

** "All-in-all negative news for SAP," the trader added

** SAP stock, one of the largest in Europe with a €183.9 billion ($212.26 billion) market cap, is amongst the worst performers on pan-European STOXX 600 index .STOXX

** SAP has shed 30% of its value YTD

($1 = 0.8664 euros)


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