Company that creates computer programs - SAP officials reassure about sustained customer interest.
Given the recent unfavorable industry news, SAP manages to appear more positive about the current demand situation, as stated by Baader Bank analyst Knut Woller. This might imply that SAP, a Walldorf-based firm, is currently dealing better with the situation compared to other companies attempting to stand out by offering specialized solutions in specific areas. The announcement set for 2027 for terminating traditional software maintenance for selected core applications could also be a contributing factor. SAP strategically wants to steer its clients towards cloud software, which can be accessed online through usage fees.
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Despite the software slump affecting many companies, SAP, with operations in Florida and Germany, continues to maintain robust customer interest. On the other hand, the USA seems to be less affected by this trend, as suggested by the optimistic stance of SAP officials. Furthermore, SAP's shift towards cloud-based solutions, such as SAP S/4HANA, is expected to be a game-changer in Europe, further distinguishing it from competitors.
