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Investing.com -- Shares in SAP (NYSE:SAP) (ETR:SAPG) dropped more than 4% after rival Oracle (NYSE:ORCL) unveiled capital spending plans for fiscal 2027 that came in well above Wall Street expectations.

Oracle's stock fell more than 10% in premarket trading Thursday after the company said it expects capital expenditures of up to $95 billion in fiscal 2027, though it anticipates recovering up to $25 billion of that from customer repayments. Analysts had been expecting capital spending of around $67.7 billion, according to LSEG data.

Oracle also said it plans to raise nearly $40 billion through a mix of debt and equity financing in 2027, including a previously announced $20 billion at-the-market equity issuance.

The figures underscore the enormous cash demands of competing at the frontier of AI infrastructure. Oracle, which has secured major data center contracts with customers including Meta Platforms and OpenAI, is positioning itself as a serious challenger to cloud leaders Amazon and Microsoft, and is increasingly spending at a comparable scale.

CFO Hilary Maxson told analysts that roughly $70 billion of the projected 2027 outlay represents Oracle's own capital spending, with the remainder expected to be repaid by customers, though she did not specify a timeline for those recoveries. She also cautioned that gross margins would "step down" in the current fiscal year as the company accelerates its data center buildout.

Oracle's spending has already been massive. The company spent around $55.7 billion in fiscal 2026, exceeding its own $50 billion target, and had earlier in the year flagged plans to raise up to $50 billion through debt and equity sales.

For the fourth quarter, Oracle reported revenue of $19.18 billion, slightly ahead of the $19.10 billion analysts had forecast. Adjusted earnings of $2.03 per share also topped the $1.96 consensus estimate.

Cloud services revenue reached $9.9 billion in the quarter, up 46% year-on-year in constant currency, while Oracle Cloud Infrastructure revenue surged 92% to $5.8 billion. Total software revenue edged down 2% in constant currency to $6.8 billion.

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Payhawk

Native integration with SAP S/4HANA®, role-based field and value visibility, expanded global payment, new currencies, procurement workflows, enhanced travel flexibility, and 30+ improvements that help finance teams scale operations without scaling overhead

LONDON, June 11, 2026 (GLOBE NEWSWIRE) -- Payhawk, the AI-native spend management platform, today announced the release of its Summer '26 Edition, a major platform update designed for finance teams running the most complex operations.

Enterprise control has always come at a price: enterprise complexity. New Payhawk research among 1,520 finance and business leaders shows that just 14% have brought spend control, consolidation, and automation together, and that share barely improves as companies grow larger and more complex. Payhawk is built on the opposite bet—delivering enterprise depth across ERP, payments, AP, and travel with software people actually want to use.

"Enterprise finance teams should not have to sacrifice usability to achieve operational depth," said Hristo Borisov, CEO and co-founder of Payhawk. "The Summer '26 Edition is about helping companies operate in highly complex finance environments while keeping workflows intuitive, connected, and fast for the people using them every day."

Enterprise depth without enterprise friction

Native integration with SAP S/4HANA Public Cloud synchronises expenses, payments, and master data directly between Payhawk and SAP® software, cutting reconciliation work and keeping spend management aligned with the ERP. Role-based field and value visibility lets finance teams decide exactly what each employee can see and edit, giving them stronger segregation of duties and tighter operational control.

Accounts payable that handles every invoice, however it arrives

Unified invoice capture brings every invoice into Payhawk through the route it arrives: compliant e-invoices automatically, emailed PDFs via a smarter mailbox, and supplier-portal invoices through AI Fetch, then automatically files each to the correct entity. The new e-invoicing is an EU-wide capability that helps businesses prepare for the shift to mandatory e-invoicing across Europe.

Global payments without the local banks

Expanded global payments let teams open a local account, receive funds, issue cards, and pay suppliers—all in local currency, without opening a separate bank in every market. New currencies Swiss francs (CHF), Danish krone (DKK), and Polish złoty (PLN) join the set Payhawk supports end to end, in addition to payments to over 115 currencies across 150+ countries.

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Fewer disconnected systems

Automated ERP master-data sync and expanded expense-report export for NetSuite and Microsoft Dynamics keep records consistent across systems with less manual upkeep. More flexible travel lets travellers change their own bookings, book on behalf of colleagues, apply policy-based allowances, and use negotiated hotel rates. And AI-native workflows, such as Financial Controller Agent capabilities inside Microsoft Teams, bring approvals and alerts to where teams already work.

The release advances Payhawk's vision for the finance operating system of the future, bringing AI-native workflows, embedded payments, and Enterprise Controls together so finance teams can move faster with less overhead.

Register for the Summer '26 Edition webinar and see what it means for the most complex finance setups: https://payhawk.com/editions/summer-2026.

ABOUT PAYHAWK

Payhawk is an AI-native spend management platform that orchestrates global money across Bills, Cards, Expenses, Travel, and Procurement for maximum control, automation and savings. It provides a global money account on top of your ERP combined with agents enforcing rules, policies, and budgets on every payment while giving employees an effortless spending experience. Headquartered in London with offices across Europe and the US, Payhawk serves mid-market and enterprise companies in 32+ countries.

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Show Floor to Feature Startup Innovation, Global AI Participation, and New Agentic AI Demonstrations

LAS VEGAS, NV / ACCESS Newswire / June 10, 2026 / Ai4 2026, America's largest AI industry conference taking place August 4-6, 2026 at The Venetian in Las Vegas, announced a significantly expanded Exhibit Hall experience today.

Featuring nearly 400 exhibitors and sponsors - up from approximately 225 in 2025 - the Exhibit Hall will showcase the technologies, companies, and innovators driving the future of artificial intelligence. Participating organizations include AMD, AWS, Cisco, NVIDIA, Google Cloud, SAP, Siemens, HPE, Dell Technologies, EY, IBM, Mistral AI, Dataiku, Vultr, Red Hat, and PayPal.

Serving as the central hub for networking, business development, product demonstrations, and media activity, the Exhibit Hall will feature networking lounges, one-on-one meeting spaces, daily lunches and receptions, an expanded Startup Alley, the Podcast Pavilion, and the debut of Agentic Live, a new showcase featuring live demonstrations of emerging agentic AI solutions.

"The Exhibit Hall will be the epicenter of the event and where the AI ecosystem comes to life," said Michelle Troop, CRO of Ai4. "From breakthrough startups to global technology leaders, attendees will discover the innovations, partnerships, and solutions driving the next wave of AI transformation. Beyond exploring cutting-edge technologies, attendees will have countless opportunities to connect with peers, engage directly with industry experts, experience AI in action, and build the relationships that will help shape the future of their organizations and the broader AI community."

Startup Alley has doubled in size from last year, providing emerging AI companies with a premier platform to connect with enterprise buyers, investors, media, and industry leaders. For a full list of exhibitors and sponsors participating in Ai4 2026, visit ai4.io/sponsors-exhibitors.

Reflecting the increasingly global nature of the AI industry, Ai4 2026 will also feature international exhibitor pavilions showcasing AI and semiconductor companies from South Korea. Additional interactive experiences throughout the Exhibit Hall will include humanoid robotics demonstrations, AI-powered technologies, live podcast recordings, product launches, and immersive technology showcases from some of the industry's most innovative organizations.

Complementing the expanded Exhibit Hall, Ai4 2026 will offer a comprehensive four-day educational program designed for business leaders, technologists, researchers, policymakers, and AI practitioners. The conference will feature keynote presentations, fireside chats, panel discussions, technical deep dives, hands-on trainings, workshops, and industry-specific case studies exploring the latest advancements and real-world applications of artificial intelligence.

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The keynote stage will feature some of the most influential voices shaping the future of AI, including executives and innovators from OpenAI, Playground Global, Mistral AI, Dataiku, Insilico Medicine, PayPal, Vultr, Runway, Niantic Spatial, Cisco, Waymo, and Amazon Web Services. One of the conference's most anticipated sessions, The Architects of Intelligence: A Historic Convergence, will bring together AI pioneers Geoffrey Hinton, Fei-Fei Li, and Andrew Ng for a landmark discussion on the evolution and future of artificial intelligence.

The educational program will also include pre-conference trainings and summits, industry-focused tracks, technical workshops, and dedicated content for business and product leaders. Attendees can choose from programming focused on AI Transformation, Industry Applications, Job Function, Special Interest, and Technical topics, as well as sessions on the Google Stage and other interactive learning environments. The complete conference agenda is available at ai4.io/agenda-full.

Now in its largest edition to date, Ai4 2026 is expected to welcome more than 12,000 attendees, 1,000 speakers, and nearly 400 exhibitors across almost one million square feet of exhibitions, education, demonstrations, meetings, and networking opportunities. As North America's largest artificial intelligence industry event, Ai4 brings together business leaders, technology innovators, researchers, investors, startups, and policymakers to explore the opportunities, challenges, and transformative impact of AI. Registration for Ai4 2026 is now open. For more information and to register, visit ai4.io.

Founded in 2018, Ai4 has become the premier destination for leaders seeking to understand and apply artificial intelligence responsibly and effectively. By convening the brightest minds in AI research, strategy, and implementation, Ai4 continues to advance innovation while helping organizations confidently navigate the AI-powered future.

Media Registration: Reporters, analysts, and content creators covering artificial intelligence and emerging technologies are invited to apply for press credentials at https://ai4.io/press-resources/

For further information, contact:

Amy Riemer, Communications Director 978-502-4895 (mobile) amy@riemercommunications.com

SOURCE: Ai4 2026

View the original press release on ACCESS Newswire

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Manhattan Associates MANH is deepening its commitment to a cloud-first model built on the Manhattan Active platform, with cloud subscription revenue serving as the primary growth engine. While the structural transition looks promising, near-term operational disruption and macro caution make this a stock to hold — or stay away from — in the near term.

MANH Setup in 2026: Resilient but Not Risk-Free

MANH shares carry a Zacks Rank #3 (Hold), reflecting a setup that is structurally sound but carries meaningful execution risk. After a strong first quarter, the company raised full-year guidance, targeting total revenue of $1.147 billion to $1.157 billion and a cloud revenue midpoint of $495 million, implying 21% growth. The adjusted operating margin midpoint was raised to 35%, with quarterly targets of 34.7% in the second quarter, 36.9% in the third, and 36.1% in the fourth. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Management maintained a conservative posture for the back half, citing macro volatility and foreign exchange variability. A June 2026 workforce reduction of approximately 6% of global headcount — expected to generate $7 million to $9 million in second-quarter restructuring charges — adds near-term uncertainty, even as the company reaffirmed its full-year outlook and framed the action as a strategic priority reset.

Manhattan Associates, Inc. Price and ConsensusManhattan Associates, Inc. Price and Consensus

Manhattan Associates, Inc. price-consensus-chart | Manhattan Associates, Inc. Quote

Manhattan Associates' Business Mix and Platform Strategy

Manhattan's strategy is organized around the cloud-native Manhattan Active platform spanning Supply Chain Execution, Omnichannel Commerce, and Supply Chain Planning. At its Momentum 2026 conference in May, the company unveiled Sightline, a capability within ActivePlanning that surfaces the reasoning behind AI-driven forecasts in plain business language, and Manhattan Marketplace, a shared engine for deploying supply chain and commerce AI agents. These releases reflect a deliberate move toward deeper AI integration — positioning the platform against broader competitors. SAP continues building its Joule AI assistant alongside S/4HANA, reporting cloud revenue growth of 19–27% at constant currencies in its own first quarter, while Salesforce, CRM is aggressively expanding its Agentforce platform into commerce and order management workflows, with Agentforce ARR surpassing $1.2 billion as of its most recent quarter — presenting an increasingly credible alternative for enterprise customers evaluating omnichannel platforms.

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MANH Q1 Results: Cloud Growth and RPO Momentum

First-quarter 2026 results were the clearest near-term positive. Cloud subscription revenue rose 24.2% year over year to $117.1 million, while remaining performance obligations climbed to $2.35 billion as of March 31, 2026 — up 24% year over year from $2.23 billion at year-end 2025. Operating cash flow grew 12% to $84 million, and deferred revenue increased 20% to $356 million. However, management acknowledged that the quarter included non-recurring items — one-time catch-up overage fees and unusually low churn — and guided the back half conservatively as a result. Quarter-to-quarter normalization is a real consideration for near-term investors.

Manhattan Associates' Cloud Transition Creates Runway

Only 23% of Manhattan's on-premises customers have converted or begun migrating to cloud-native deployments, implying a significant runway of incremental subscription growth from the existing base. Early results from Active Agents — Manhattan's agentic AI offering — have shown measurable outcomes in pilots, including improvements in order cycle times and reductions in supply chain exceptions. Oracle ORCL is pursuing a parallel agentic strategy with coordinated AI agent teams across its Fusion Cloud SCM suite, introduced in April 2026, competing directly for the same enterprise decision-making layer. Salesforce is investing heavily in the same territory, with its Agentforce platform processing 3.8 billion agentic work units to date and its Commerce Cloud deepening retail order management capabilities — a direct overlap with Manhattan's Omnichannel Commerce suite. The migration opportunity at Manhattan remains intact, but the competitive environment for wallet share is tightening from multiple directions.

MANH Offsets: Macro Caution and Services Utilization Risk

Despite the momentum, structural headwinds are real. License revenue fell 76% year over year, and maintenance revenue declined 4.8%, creating a combined 4.4-percentage-point drag on total revenue growth for 2026. Services revenue guidance stands at a modest 3% growth, yet the company added approximately 120 forward-deployed engineers in the first quarter with another 70 positions pending — a hiring surge that introduces utilization risk if billable velocity does not keep pace. The June workforce reduction adds further uncertainty heading into the second half. Foreign exchange variability remains a watch item given Manhattan's international operation, and large-deal timing can produce non-linear quarterly prints. SAP's SAP broad global customer base and Oracle's deep ERP infrastructure footprint each offer cross-sell advantages in accounts where Manhattan's suite does not fully extend, and the broader market softness in enterprise software — reflected in Salesforce shares falling approximately 33% year-to-date in 2026 — is a reminder that cloud momentum alone does not insulate stocks from macro and sentiment headwinds.

Manhattan Associates' Takeaway for Long-Term Investors

MANH's cloud transition is structurally sound, and rising remaining performance obligations alongside an expanding AI product portfolio support long-term confidence. However, second-quarter restructuring charges, normalizing first-quarter tailwinds, macro and foreign exchange caution, and intensifying competition from Oracle, SAP, and other well-capitalized enterprise software peers all argue for caution in the near term. Investors are better served holding current positions rather than adding exposure until second-quarter execution clarity emerges.

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Manhattan Associates MANH is navigating a cloud transition that is gradually improving revenue quality, yet the structure of its revenue model continues to create near-term execution tests that investors cannot afford to overlook. Total revenue came in at $282 million in first-quarter 2026, up 7% year over year, with cloud revenue growing 24% to $117 million and services revenue rising 4% to $126 million. The company also raised its full-year 2026 guidance, targeting total revenue of $1.147–$1.157 billion, implying 11% growth excluding license and maintenance attrition, with a cloud revenue midpoint raised to $495 million representing 21% growth. That constructive backdrop, however, sits alongside structural mix pressures that keep a Hold stance appropriate for now.

Manhattan Associates, Inc. Price and ConsensusManhattan Associates, Inc. Price and Consensus

Manhattan Associates, Inc. price-consensus-chart | Manhattan Associates, Inc. Quote

MANH Revenue Mix Sets the Margin Starting Point

Manhattan generates revenue from cloud subscriptions, professional services, software licenses, maintenance and hardware. The 2025 mix saw services represent 47% of total revenue and cloud subscriptions account for 38%, making services the largest individual line item. When services dominate the mix, gross margin and operating leverage hinge not just on cloud momentum but on how efficiently the delivery organization operates. For 2026, adjusted operating margin is expected in the 34.5%–35% range, with a midpoint implying roughly 75 basis points of improvement excluding license and maintenance attrition. Software peer Adobe ADBE derives a far greater share of revenue from high-margin subscriptions, giving Adobe a structurally wider margin buffer against services-related volatility. That contrast highlights why mix management remains central to MANH's near-term profitability story.

Manhattan Associates Faces Services Utilization Tests

Services revenue is expected to grow 3% for the full year 2026 to approximately $518 million. At the same time, Manhattan is meaningfully expanding its delivery headcount to support the Active Agents AI initiative. Approximately 120 new hires were added to the services team for AI and agent deployment, with an additional 70 roles open or pending. This combination introduces the risk that capacity growth outpaces billable velocity. If utilization slips, services profitability can compress even when customer demand remains healthy. SAP SAP faces a comparable dynamic: SAP's services revenue declined 1% year over year at constant currencies in first-quarter 2026 as the company leaned into cloud growth, demonstrating how services can shrink even as a software platform gains broader adoption. SAP's services contraction signals that heavy cloud investment can displace services revenue, a tension Manhattan must manage carefully given services' outsized weight in its own mix.

Story Continues

MANH License and Maintenance Attrition Shifts the Mix

License and maintenance attrition remains a manageable but persistent headwind. In first-quarter 2026, software license revenue fell 76% year over year to $2.2 million, while maintenance revenue slipped 4.8% to $30.6 million. Management expects a 17% decline in maintenance revenue as the transition to cloud-native deployments continues. That attrition creates a roughly 100-basis-point drag embedded in the full-year outlook. Remaining performance obligations reached $2.35 billion as of March 31, 2026, up 24% year over year, providing meaningful long-term visibility that partially offsets near-term pressure. Adobe has managed a similar legacy-to-subscription migration and still contends with investors who question whether AI-driven competition will erode subscription growth — a reminder that cloud transitions can take time to be rewarded by the market even with healthy backlogs building.

Manhattan Associates Navigates Retail Seasonality Risk

Retail seasonality adds a layer of execution variability that flows directly into services pacing and quarterly margin patterns. Management's quarterly margin guidance accounts for retail peak seasonality, with consolidated subscription, maintenance and services margin expected at approximately 60% in the fourth quarter. Project timing can shift and implementations can become lumpy when retail customers compress or defer decisions near peak trading periods. The Descartes Systems Group DSGX navigates similar seasonality-driven variability: Descartes reported services revenue of $180.5 million in its most recent quarter, representing 93% of total revenue, and management acknowledged a tougher operating backdrop ahead tied to geopolitical disruption and trade uncertainty that pressures customer investment timing. For MANH, that kind of customer-timing risk can cause utilization to swing quarter to quarter even when underlying demand signals remain positive.

MANH Macro and FX Volatility Can Skew Quarterly Prints

Management has flagged a volatile macro backdrop and noted that foreign exchange movements can produce non-linear impacts on reported results. FX volatility created a $5 million headwind to sequential RPO growth in first-quarter 2026.SAP reported broadly similar dynamics, with currency assumptions built into its full-year outlook and management explicitly warning that results depend on geopolitical conditions stabilizing. Manhattan's management also noted that Q1 cloud revenue benefited from one-time cloud overage fees that would not recur, implying that growth rates may not sustain at current levels in subsequent quarters. Investors should weigh results across multiple quarters rather than extrapolating any single print.

Manhattan Associates Signals What To Watch Next

Earlier this month, Manhattan began implementing a global workforce reduction of approximately 6%, citing operational efficiency gains and a desire to redirect investment toward key strategic priorities, while reaffirming its 2026 financial guidance. In May 2026, the company also unveiled Sightline decision intelligence for supply chain planning, Solution Design Studio, and the Manhattan Marketplace ecosystem — product moves that reinforce the platform's AI positioning. The Descartes Systems Group has pursued a parallel strategy, leveraging its cloud logistics network and AI-enabled compliance tools to keep services revenue sticky and recurring. Adobe faces its own execution test as investor skepticism grows around whether AI investments will offset slower growth in mature products. Across all three peers, the pattern is consistent: cloud transitions improve visibility but demand disciplined execution on services and mix. For MANH, the near-term checklist remains focused on services utilization, legacy attrition absorption and margin stability through seasonal and macro swings.

Conclusion

Manhattan Associates carries a Zacks Rank #3 (Hold), reflecting a balanced near-term picture where strong cloud momentum and raised guidance are offset by services utilization risk, ongoing legacy attrition and macro-driven quarterly variability that collectively justify a patient, monitoring posture rather than aggressive accumulation at this stage. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE.

SAP (XTRA:SAP) received authorization from Germany's Federal Office for Information Security (BSI) for its cloud infrastructure to handle sensitive, VS-NfD-classified government data. This authorization makes SAP the only provider in Germany with a platform that supports both SAP and customer specific applications in a high security, VS-NfD-compliant environment. In parallel, SAP is rolling out its North Star AI-native enterprise architecture, designed to embed intelligence, process context, and governance across its platform.

For readers following enterprise software, these moves touch two pressure points that matter for XTRA:SAP: trust in cloud security and clarity around AI strategy. Government and regulated-sector workloads often sit behind strict compliance walls, and BSI approval puts SAP directly into conversations where digital sovereignty is non negotiable. At the same time, an AI-native architecture signals that SAP is trying to keep its core ERP and adjacent products relevant as customers rethink long term systems roadmaps.

Looking ahead, investors will likely focus on how quickly this BSI cleared platform attracts public sector and high compliance workloads, and whether the North Star architecture translates into products that customers are willing to standardize on. For anyone tracking the stock, the key questions are practical: adoption, pricing power, and how these initiatives influence long term customer stickiness in regulated industries and large enterprises.

Stay updated on the most important news stories for SAP by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on SAP.XTRA:SAP Earnings & Revenue Growth as at Jun 2026

We've flagged 0 risks for SAP. See which could impact your investment.

Quick Assessment

✅ Price vs Analyst Target: At €154.7 against a consensus target of about €214.8, the stock trades roughly 28% below where analysts cluster. ✅ Simply Wall St Valuation: The shares are flagged as undervalued, trading about 32.6% below the platform's estimated fair value. ✅ Recent Momentum: A 30 day return of 5.8% suggests the market is already reacting to the cloud security and AI narrative.

There's only one way to know the right time to buy, sell or hold SAP. Head to Simply Wall St's company report for the latest analysis of SAP's Fair Value.

Key Considerations

📊 BSI approval and the North Star architecture put SAP in the frame for sensitive public sector workloads and AI centric refresh cycles in large enterprises. 📊 Watch how public sector contract wins, AI related product adoption, and any shift in pricing for higher security tiers show up in revenue and margins. ⚠️ The key risk is that implementation complexity or long procurement timelines slow the rate at which this security and AI positioning turns into billable usage.

Story Continues

Dig Deeper

For the full picture including more risks and rewards, check out the complete SAP analysis. Alternatively, you can check out the community page for SAP to see how other investors believe this latest news will impact the company's narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SAP.DE.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Salesforce Inc. CRM has been under heavy pressure in recent months and is now trading close to its 52-week low. As of June 9, the stock closed at $175.35, only 7.2% above its 52-week low of $163.52. The stock has lost a staggering 33.8% year to date (YTD), making it one of the weakest performers in the software space. The decline looks even more significant when compared with the broader Zacks Internet – Software industry, which has fallen 11.4% over the same period. However, investors should note that this weakness is not unique to Salesforce.

Several major software companies, including Microsoft Corporation MSFT, SAP SE SAP and ServiceNow, Inc. NOW, have also faced sharp pullbacks. Shares of Microsoft, SAP and ServiceNow have declined 16.6%, 26.3% and 30.2%, respectively, this year so far. This suggests that investors are not targeting Salesforce alone. Instead, the entire software industry is going through a valuation reset as markets reassess growth prospects in an era increasingly shaped by artificial intelligence (AI) and economic uncertainty.

Salesforce YTD Price Return PerformanceZacks Investment Research

Image Source: Zacks Investment Research

A major concern driving this cautious sentiment is the rapid rise of AI, particularly agentic AI. These advanced systems can perform tasks with limited human involvement, raising questions about the future of the traditional software-as-a-service (SaaS) business model. Investors worry that if companies need fewer employees to complete business processes, demand for user-based software subscriptions could eventually weaken.

At the same time, geopolitical tensions remain a concern. The ongoing conflict in the Middle East has increased uncertainty around global economic growth, while higher energy prices continue to fuel inflation worries.

Salesforce is not immune to these challenges. Because the company depends heavily on enterprise customers, any slowdown in corporate technology spending could affect new customer wins and expansion opportunities. When businesses become cautious, large software investments are often among the first expenses to be delayed.

Still, it may be premature to conclude that Salesforce's best days are behind it. The stock has been hurt by negative sentiment, but the underlying business remains far stronger than the share price performance suggests.

Enterprise Software: A Key Catalyst for CRM's Growth

Salesforce continues to hold the leading position in the global customer relationship management market, according to Gartner. However, the company is no longer just a CRM provider. Rather, it is steadily transforming itself into a broader enterprise software platform.

Story Continues

Management is building an ecosystem centered on AI, data management and workplace collaboration. Large acquisitions such as Slack and Informatica reflect this long-term vision, while smaller AI-focused purchases like Doti AI and Spindle AI demonstrate Salesforce's determination to strengthen its AI capabilities quickly.

The biggest proof that this strategy is gaining traction is the Agentforce platform. During the first quarter of fiscal 2027, Agentforce's annual recurring revenues (ARR) surged 205% year over year to $1.2 billion. This rapid growth indicates that Salesforce is successfully converting AI innovation into meaningful revenues.

The momentum extends beyond Agentforce. Combined AI and data ARR, including Agentforce, Data 360 and Informatica Cloud, reached $3.4 billion in the first quarter, up 200% from the year-ago period. Half of Agentforce and Data 360 bookings came from existing customers who expanded their spending, demonstrating strong cross-selling opportunities.

This shows Salesforce is successfully monetizing its installed base, a key strength that many competitors struggle to replicate. Instead of chasing new clients aggressively, it is deepening relationships with current ones, which is often more profitable and sustainable.

CRM's Recent Results Suggest Reviving Sales Growth

One of the biggest concerns surrounding Salesforce has been slowing revenue growth. After years of strong expansion, growth had cooled to high-single-digit levels, raising the question of whether the company was entering a mature, slower-growth phase.

Recent results, however, suggest that growth may be improving again.

In the first quarter of fiscal 2027, revenues increased 13.3% year over year. While not spectacular by historical standards, the result marks a noticeable improvement and suggests demand remains healthy despite broader economic concerns.

Management also provided encouraging guidance. Salesforce expects revenue growth of 10-11% in the second quarter and approximately 11% for fiscal 2027. These growth rates may not excite investors looking for hypergrowth, but for a company of Salesforce's size, they remain solid and indicate that business momentum is far from disappearing.

Analyst projections largely support this outlook, with the Zacks Consensus Estimates pointing to similar low-double-digit revenue growth rates for both the upcoming quarter and the full fiscal year.Zacks Investment Research

Image Source: Zacks Investment Research

Salesforce's Valuation Remains Reasonable

Following the sharp decline in its share price, the stock now trades at a forward 12-month price-to-earnings (P/E) ratio of 12.00. This is substantially below the industry average of 26.61.

Salesforce Forward 12-Month P/E RatioZacks Investment Research

Image Source: Zacks Investment Research

The valuation gap becomes even more noticeable when compared with major peers, including ServiceNow, Microsoft and SAP. ServiceNow, Microsoft and SAP currently trade at forward P/E multiples of 23.66, 21.04 and 19.87, respectively.

Conclusion: Hold Salesforce Stock for Now

Salesforce is operating in a challenging environment. Concerns surrounding AI disruption, economic uncertainty and geopolitical risks are legitimate and deserve close attention.

However, the market appears to be focusing more on potential risks than on the company's strengths. Salesforce remains the leader in customer relationship management software, continues to build a compelling AI ecosystem and is showing signs of renewed revenue acceleration. At the same time, the stock trades at a valuation well below both the industry average and key competitors.

While near-term volatility may persist, the company's fundamentals do not appear broken. For long-term investors, the recent weakness looks more like a reason to stay invested than a signal to exit.

Salesforce carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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Blue Mountain

Latest RAM Connect release strengthens digital connectivity across maintenance, calibration, quality, validation and compliance systems for life sciences manufacturers

STATE COLLEGE, Pa., June 10, 2026 (GLOBE NEWSWIRE) -- Blue Mountain, the leader in GMP-compliant Enterprise Asset Management (EAM) software for life sciences, today announced the latest release of RAM Connect, expanding its integration ecosystem with new connectors for SAP ERP, Veeva QMS, Sware Res_Q, and ZenQMS.

RAM Connect is Blue Mountain's integration platform that enables secure data exchange between RAM and the critical systems that support GMP operations, quality, validation, calibration, and enterprise processes.   The latest RAM Connect release introduces:

SAP ERP Integration: Synchronizes asset, equipment, and operational data between enterprise resource planning and asset management processes, improving data consistency, and reducing manual effort.

Veeva QMS Integration: Connects quality events, deviations, CAPAs, and quality workflows with asset-related activities, creating greater visibility between quality and maintenance teams.

Sware Res_Q™ Integration: Streamlines computer system validation (CSV) and Computer Software Assurance (CSA) processes by enabling connected workflows between validated systems and asset management operations.

ZenQMS Integration: Provides structured exchange of quality and compliance information, helping organizations strengthen inspection readiness and regulatory compliance.

These integrations complement existing RAM Connect capabilities, including:

Kneat Integration: Connects validation lifecycle management activities with asset management processes.

Rainin Integration: Enables calibration and instrument data exchange to improve accuracy and compliance for critical measuring equipment.

Apprentice.io Integration: Provides real-time equipment readiness insights within the manufacturing execution environment by streamlining operations, supporting compliance, and enabling data-driven decision-making for batch-based manufacturing organizations.

"Life sciences manufacturers operate in increasingly complex technology environments where critical data is spread across numerous systems," said Judy Fainor, Chief Technology Officer at Blue Mountain. "This RAM Connect release expands our ability to unify information across quality, validation, calibration, ERP, and asset management systems, helping organizations eliminate silos, improve data integrity, and make better operational decisions."

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Beyond the pre-built integrations included in this release, RAM Connect provides a flexible integration framework built on modern APIs and industry-standard connectivity methods. The platform enables organizations to rapidly integrate RAM with other enterprise applications, including ERP, MES, LIMS, CMMS, quality, laboratory, and business intelligence solutions.

By creating a connected digital ecosystem, organizations can:

Eliminate duplicate data entry and manual reconciliation efforts. Strengthen data accuracy and integrity across GMP systems. Accelerate investigations and compliance activities with connected records. Gain greater visibility into asset performance, quality events, and operational risk. Enable more informed decision-making through unified data and workflows. Support digital transformation initiatives within a compliant, validated framework.

"RAM Connect is about more than integrations—it's about unlocking the value of connected data," said David Rode, Chief Executive Officer of Blue Mountain. "Our customers want a seamless flow of information across their technology landscape. By connecting asset management with quality, validation, production, and enterprise systems, we're helping life sciences organizations operate more efficiently, remain inspection-ready, and maximize the value of their technology investments."

About Blue Mountain

Blue Mountain is the leader in enterprise asset management for Life Sciences. For over 35 years, Blue Mountain has delivered innovative, high-quality solutions that ensure regulatory compliance, improve operational efficiency, and optimize equipment performance. Trusted by more than 450 life sciences companies, the Blue Mountain cloud platform supports end-to-end GMP asset management—from calibration and maintenance to validation and analytics. Blue Mountain is backed by Five Arrows, the alternative assets arm of Rothschild & Co., and Accel-KKR and is headquartered in State College, PA.

For more information, visit www.bluemountain.io and follow Blue Mountain on LinkedIn.

Media Contact

Christian Rockwell carockwell@bluemountain.io

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Investing.com -- Shares of SAP (ETR:SAPG) (NYSE:SAP) dipped about 4% on Wednesday after Goldman Sachs trimmed its margin forecasts for the German software giant ahead of second-quarter results, pointing to higher hardware costs in the back half of the year.

The bank kept its Buy rating on the stock, saying the company's AI-driven product cycle story remains intact.

Goldman lowered its second-half 2026 (2H26) gross margin estimate to 72.8% from 73.3%, reflecting elevated hardware costs. The revision also pushed the bank's full-year EBIT growth forecast toward the lower half of SAP's own guidance range, at around 15% year-on-year excluding currency effects, down from a prior estimate of around 16%.

SAP's two pending acquisitions — Dremio and Prior Labs, neither of which has yet closed — are expected to have an insignificant impact on revenue but would be modestly margin dilutive, analysts led by Mohammed Moawalla said.

"However, the company expects to absorb these supported by cost efficiencies elsewhere," they added.

Goldman made no changes to its organic cloud current backlog (CCB) growth assumptions, keeping its second-quarter estimate at 23.5% year-on-year organic growth excluding currency effects.

It did modestly lift its reported CCB forecast for fiscal 2026 (FY26) to incorporate the recently closed Reltio acquisition, which adds around 80 basis points to growth, bringing the headline second-quarter CCB growth estimate to 24.8% excluding currency.

The analysts also flagged that a certain Middle Eastern customer is expected to ramp down over the coming quarters, which will weigh on cloud revenue growth into the second quarter.

SAP is scheduled to report its second-quarter results on July 23, and Goldman expects a broadly similar macro backdrop to the end of the first quarter given ongoing geopolitical uncertainty.

Looking further out, the analysts noted encouraging signs from SAP's SAPPHIRE annual user conference, where pipeline improvement was visible, though they noted that "conversion rates remain the key variable."

The constructive long-term view was left unchanged. "SAP continues to offer an idiosyncratic product cycle story in the software sector that remains well within its sweet spot," analysts wrote, pointing to AI-led tools as an accelerant for the company's ongoing cloud migration cycle, with agentic AI emerging as an additional growth lever underpinned by SAP's proprietary data advantages.

Goldman kept its 12-month euro price target at €230, while trimming its American Depositary Receipt (ADR) target modestly to $265 from $271 to reflect foreign exchange movements.

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The U.S. Asset Management Market is Expected to Grow from $96.69 Billion (2025) to $677.89 Billion by 2035, While Europe is Projected to Reach $4,542.68 Billion by 2035, Driven by AI, IoT Integration, and Expanding Enterprise Asset Lifecycle Management Across Industrial and Financial Sectors

Austin, June 10, 2026 (GLOBE NEWSWIRE) -- The Asset Management Market was valued at USD 885.92 Billion in 2025 and is expected to reach USD 18,071 Billion by 2035, growing at a CAGR of 35.2% during the forecast period of 2026-2035.

The market's incredible size is the result of the merging of many asset management disciplines including enterprise asset management whose IBM Maximo, Oracle EAM and SAP PM platforms manage the physical equipment and facility assets of manufacturing, energy and infrastructure organisations, asset performance management whose AI-powered predictive maintenance and condition monitoring platforms optimise asset reliability and operational efficiency.Asset Management Market

Download PDF Sample of Asset Management Market @ https://www.snsinsider.com/sample-request/5744

Market Growth is Propelled by the AI and IoT-driven Predictive Asset Management Transformation Globally

It is the meeting of two complementary demand drivers that has led to the extraordinary growth rate in the asset management market, whose combined momentum has generated a trajectory of market expansion that is unmatched in the enterprise technology sector. The AI and IoT revolution in industrial asset management is changing the value proposition of enterprise asset management platforms from administrative maintenance tracking to strategic operational intelligence with predictive failure detection, autonomous maintenance scheduling, and asset lifecycle optimization providing measurable operational reliability improvement and capital efficiency gain that justifies platform investment multiples well above what legacy administrative EAM systems could sustain.

Segmentation Analysis:

By Component

Software dominated the Asset Management Market with approximately 64% market share in 2025 due to the growing adoption of asset tracking, lifecycle management, predictive maintenance, and analytics platforms across enterprises. Services are projected to be the fastest-growing segment, registering a CAGR of around 12.1% during 2026–2035, driven by rising demand for implementation, consulting, integration, maintenance, and managed asset management services.

By Deployment Mode

Cloud-Based deployment dominated the Asset Management Market in 2025 owing to its scalability, lower upfront costs, remote accessibility, and real-time asset monitoring capabilities. On-Premise deployment continues to retain commercial importance, particularly among organizations operating in highly regulated and security-sensitive environments globally.

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By Asset Type

Fixed Assets dominated the Asset Management Market with the largest share in 2025 due to extensive demand for managing machinery, equipment, buildings, vehicles, and infrastructure assets across industries. Digital Assets are the fastest-growing asset type, driven by the expanding adoption of cryptocurrencies, tokenized assets, digital content, software assets, and digital infrastructure management requirements.

By End User

Manufacturing dominated the Asset Management Market with the largest share in 2025 owing to the need for efficient management of production equipment, industrial machinery, and operational assets. IT & Telecom is among the fastest-growing end-user segments, driven by increasing investments in data center asset management globally.

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Regional Insights:

In 2025, North America held the largest share of the global asset management market, at around 39%. It continued to lead the global asset management market in 2025 due to the world's largest installed base of enterprise asset management software. The largest pool of global investment management AUM in its financial services sector and the most developed industrial infrastructure requiring systematic lifecycle management.

The U.S. Asset Management Market was valued at approximately USD 96.69 Billion in 2025 and is expected to reach approximately USD 677.89 Billion by 2035, growing at a CAGR of approximately 21.5% during the forecast period. Driven by an expanding base of high-net-worth individuals and institutional investors, and the use of cutting-edge technologies such as AI and data analytics to optimize investment strategies and portfolio management, the US will witness tremendous growth led by increasing demand for complex investment solutions.

The Europe Asset Management Market is estimated to be USD 238.91 Billion in 2025 and is projected to reach USD 4,542.68 Billion by 2035, growing at a CAGR of 34.18%. The European region held a significant portion of the global Asset Management Market in 2025. The leading national markets are Germany, the United Kingdom, France, the Netherlands and Switzerland, with technically demanding and comprehensive asset management demand generated by the manufacturing, financial services, energy and public infrastructure sectors.

Asia Pacific is the fastest growing regional asset management market, fueled by the rapid industrialization creating new physical asset portfolios requiring systematic management, the expanding financial services sector whose AUM growth creates investment management technology demand, and government infrastructure investment programmes whose asset lifecycle management requirements create public sector EAM platform adoption.

Key Players:

IBM Corporation Oracle Corporation SAP SE Infor, Inc. Hexagon AB Bentley Systems, Incorporated AVEVA Group plc Siemens AG Rockwell Automation, Inc. ABB Ltd. Microsoft Corporation IFS AB AssetWorks LLC Aptean, Inc. Ultimo Software Solutions BV UpKeep Technologies, Inc. eMaint Enterprises, LLC MRI Software LLC Accruent, LLC IBM Maximo Application Suite

Recent Developments:

2025: ABB launched ABB Ability SmartMaster for critical asset condition monitoring in oil and gas and water treatment sectors, providing real-time equipment health assessment through cloud-connected sensor analysis enabling predictive maintenance scheduling and operational risk reduction.

2023: Schneider Electric finalized the acquisition of AVEVA to deliver an integrated approach to industrial digital transformation and resource optimization, combining energy management expertise with industrial asset management software in a unified platform for asset-intensive industries.

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Exclusive Sections of the Report (The USPs):

Asset Performance & Utilization Metrics – helps you evaluate how organizations improve asset reliability, lifecycle performance, operational efficiency, and utilization rates through advanced asset management solutions. Predictive Maintenance Adoption Analysis – helps you understand the growing deployment of AI-driven analytics, IoT-enabled monitoring, and condition-based maintenance programs that reduce downtime and maintenance costs. Cloud & Digital Transformation Tracker – helps you identify the pace of cloud-based asset management adoption, digital twin implementation, and real-time asset intelligence investments across industries. Industry-Wise Asset Management Demand Assessment – helps you uncover asset management adoption trends across manufacturing, energy & utilities, transportation, healthcare, infrastructure, and financial services sectors. ESG & Sustainability Management Insights – helps you understand how enterprises are leveraging asset management platforms for sustainability reporting, ESG compliance, climate risk monitoring, and resource optimization. Regional Investment & Infrastructure Modernization Analysis – helps you identify high-growth regions and investment opportunities driven by digital infrastructure upgrades, enterprise transformation initiatives, and asset optimization spending.

Read Other Related Reports:

Asset Performance Management Market Size Report by 2032

IT Asset Management (ITAM) Software Market Size Report by 2032

Media Asset Management (MAM) Market Size Report by 2032

Digital Asset Management Market Size Report by 2032

Industrial Asset Management Market Size Report by 2032

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