SAP, and Oracle, and IBM, oh my! 'Cloud and AI' drive legacy software firms to record valuations | TechCrunch
Briefly

from TechCrunch7 months ago
SAP's valuation has soared to $234 billion, up from $92 billion two years ago, attributing growth to cloud revenue and business AI integration in its offerings.
TechCrunchhttps://techcrunch.com/2024/06/29/sap-and-oracle-and-ibm-oh-my-cloud-and-ai-drive-legacy-software-firms-to-record-valuations/
Legacy software companies like SAP and Oracle are benefitting from digital business transformation efforts, cloud preferences, and market shifts towards SaaS models.
TechCrunchhttps://techcrunch.com/2024/06/29/sap-and-oracle-and-ibm-oh-my-cloud-and-ai-drive-legacy-software-firms-to-record-valuations/
Read at TechCrunch
#legacy-software #valuation #digital-transformation #cloud-computing #saas
[
|
]