South Africa

THE LEX COLUMN: Cloud-busting mission at SAP

Thrill-seeking glider pilots surf fast-moving cloud fronts. The laggards suffer dangerous turbulence. Shares in SAP crashed almost a quarter on Monday after it warned full-year numbers would be lower than expected. Coronavirus is heavily to blame. But Europe’s largest tech company also pushed out a key profit target by two years to 2025 as it invests to shift more customers to the cloud. Shareholders should seek a silver lining.

Platform monopolies such as Google and Facebook have been lightning rods for public disaffection lately. No-one has cornered the market for enterprise software. The result is lower-key pressure fronts between groups such as SAP, Microsoft and Salesforce. These sell businesses tools to run their everyday operations. To keep up with US competition, SAP needs a better cloud-based product serving more of its own large customer base.

Football news:

Holand continues to insist that he is a monster. Fastest in the history of the Champions League scored 15 goals (and added 16)
Koeman on the victory over Dynamo Kyiv: We achieved our goal-we reached the playoffs
Solskjaer on 4:1 with Istanbul: Manchester United played intensely, enjoyed the match. We want to be 1st in the group
Forward Ferencvaros Troll Cristiano: celebrated a goal in his style. Ronaldo responded with a goal and a very angry look
Morata scored 5 goals in 4 games in the Champions League for Juve. His best result is 5 in 12 games in the 2014-15 season
Holand has scored 15 goals in the Champions League the fastest. 7 games better than the record
Ludicrous omission of the Champions League match: the Brugge forward did not want to transfer to the bus, and he was kicked out