# SAP goes all in on cloud, scraps mid-term margin goals | Reuters

> SAP announced it was going all in on cloud and dropped its mid-term margin targets. Its shares opened nearly 20% lower in Frankfurt, wiping about $35 billion off its market value in the biggest one-day drop in 24 years.

- Date: 2020-10-26 · published 2020-10-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8194-sap-goes-all-in-on-cloud-scraps-mid-term-margin-goals-reuters
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

This is a corporate strategy and equity story with no direct link to feed commodity supply, demand or prices. It is market news only.

## Sources

- reuters.com: https://www.reuters.com/business/media-telecom/sap-goes-all-cloud-scraps-mid-term-margin-goals-2020-10-26/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.