SAP, and Oracle, and IBM, oh my! ‘Cloud and AI’ drive legacy software firms to record valuations
There’s something of a trend around legacy software firms and their soaring valuations: Companies founded in dinosaur times are on a tear, evidenced this week with SAP‘s shares topping $200 for the first time. Founded in 1972, SAP’s valuation currently sits at an all-time high of $234 billion. The Germany-based enterprise software provider was valued […] © 2024 TechCrunch. All rights reserved. For personal use only.
![SAP, and Oracle, and IBM, oh my! ‘Cloud and AI’ drive legacy software firms to record valuations](https://techcrunch.com/wp-content/uploads/2024/06/GettyImages-2152482486-e1718965623327.jpg?resize=1200%2C675)
There’s something of a trend around legacy software firms and their soaring valuations: Companies founded in dinosaur times are on a tear, evidenced this week with SAP‘s shares topping $200 for the first time. Founded in 1972, SAP’s valuation currently sits at an all-time high of $234 billion. The Germany-based enterprise software provider was valued […]
© 2024 TechCrunch. All rights reserved. For personal use only.