LOS ANGELES–(BUSINESS WIRE)–$SAP #SAP—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SAP SE (“SAP” or “the Company”) (NYSE: SAP) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. SAP announced its third quarter 2020 financial results on October 25, 2020. The Company suffered a 4% decline year-over-year in total revenue. The Company’s software license revenue dropped 23% while cloud revenue grew only 11% year-over-year. The Company lowered its fiscal 2020 guidance. Based on this news, shares of SAP fell by 23% on the next day.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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