Software stocks take a hit after SAP's profit and sales warning

Shares of business software companies fell Monday, after Germany-based software giant SAP SE /zigman2/quotes/207905606/composite SAP +0.74% /zigman2/quotes/202053813/delayed XE:SAP +0.14% issued a profit and sales warning as customers have pushed back investments as a result of the COVID-19 pandemic. Shares of Oracle Corp. /zigman2/quotes/202180826/composite ORCL +0.74% sank 2.9% in premarket trading, Salesforce.com Inc. /zigman2/quotes/200515854/composite CRM -1.87% dropped 1.6% and Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -1.30% slid 1.1%. SAP's U.S.-listed shares plunged 21% premarket, putting them on track to open at a 5-month low. The selloff in software stocks comes as futures /zigman2/quotes/210407078/delayed YM00 +0.32% for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.46% slumped 290 points, or 1.0%.

/zigman2/quotes/207905606/composite

Add to watchlist SAP

SAP SE ADR

US : U.S.: NYSE

$ 125.34

+0.92 +0.74%

Volume: 584,465

March 2, 2021 4:00p

P/E Ratio

24.92

Dividend Yield

0.99%

Market Cap

$146.94 billion

Rev. per Employee

N/A

/zigman2/quotes/202053813/delayed

Add to watchlist XE:SAP

SAP SE

XE : Germany: Xetra

€ 103.50

+0.14 +0.14%

Volume: 2.28M

March 2, 2021 6:30p

P/E Ratio

23.78

Dividend Yield

1.53%

Market Cap

€121.92 billion

Rev. per Employee

N/A

/zigman2/quotes/202180826/composite

Add to watchlist ORCL

Oracle Corp.

US : U.S.: NYSE

$ 66.66

+0.49 +0.74%

Volume: 13.28M

March 2, 2021 4:02p

P/E Ratio

20.21

Dividend Yield

1.44%

Market Cap

$194.81 billion

Rev. per Employee

$289,393

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Add to watchlist CRM

Salesforce.com Inc.

US : U.S.: NYSE

$ 213.47

-4.07 -1.87%

Volume: 10.21M

March 2, 2021 4:00p

P/E Ratio

48.66

Dividend Yield

N/A

Market Cap

$199.64 billion

Rev. per Employee

N/A

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Add to watchlist MSFT

Microsoft Corp.

US : U.S.: Nasdaq

$ 233.87

-3.07 -1.30%

Volume: 22.81M

March 2, 2021 4:00p

P/E Ratio

34.83

Dividend Yield

0.96%

Market Cap

$1787.05 billion

Rev. per Employee

$877,393

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Add to watchlist YM00

E-Mini Dow Continuous Contract

US : U.S.: CBOT

$ 31,457.00

+99.00 +0.32%

Volume: 10,941

March 2, 2021 10:53p

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Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

31,391.52

-143.99 -0.46%

Volume: 341.28M

March 2, 2021 5:08p