Glancy Prongay & Murray LLP (“GPM”), a national investor rights law firm, continues its investigation on behalf of SAP SE investors concerning the Company’s possible violations of the federal securities laws.
If you suffered a loss on your SAP investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/sap-se/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at email@example.com to learn more about your rights.
On October 25, 2020, the Company announced its third quarter 2020 financial results, reporting that total revenue declined 4% year-over-year. SAP also stated that software license revenue fell 23% year-over-year, while cloud revenue grew 11% year-over-year. The Company also lowered its fiscal 2020 guidance, expecting between €8.0 and 8.2 billion cloud revenue, compared to prior guidance of cloud revenue between €8.3 and 8.7 billion.
On this news, SAP’s share price fell $34.66, or 23%, to close at $115.02 per share on October 26, 2020, on unusually heavy trading volume.
Whistleblower Notice: Persons with non-public information regarding SAP should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email firstname.lastname@example.org.