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Why I’m selling SAP: Garnry
Peter Garnry, Saxo Bank’s head of equity strategy, explains why he wants to sell shares in German enterprise software corporation SAP ahead of its Q1 earnings.
He says that SAP is being challenged from multiple angles with increasing competition in cloud applications and a slowdown in enterprise software sales.
Peter regards the Americas as a key market weakness for SAP and says there is long-term competition from Amazon and mid-tier competitors such as Salesforce and Oracle, who will likely make life tougher for SAP.
01:23 minutes
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