Considering the maturity of the firm, SAP has had an impressive run of late. Whilst the Ariba acquisition clearly isn’t fully integrated yet, the markets clearly like what they see in Walldorf at the moment. Their stock traded at between €55 and €60 through June and early July, but has risen steadily to around €72 at time of writing (earlier this week) – comfortably outperforming the market gain of about 5%. That may be driven by an expectation that management is taking a more aggressive approach to growth and acquisitions.
Market Performance Review: SAP, Xchanging, Capgemini, and E2Open [Plus+]
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