SAP SE

Background

Company Name	SAP SE
Stock Symbol	SAP
Status	1

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If you suffered a loss on your SAP SE investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

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Additional Comments

Background

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.

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