SAP was until recently the largest tech company in Europe, Now replaced by PROSUS but after a disappointing Q3 earnings it fell 20%+.
Total revenue fell 4% to €6.54 billion, cloud and software revenue fell 2% and operating profit fell 12%. However, Pure-cloud services grew 11%, to €1.98 billion.
SAP’s revenue was around €300 million under expectations, though...
QuantumScape makes solid-state batteries.
They have entered into a definitive agreement to merge with blank check company Kensington Capital Acquisition Corp.
Backed by Microsoft co-founder Bill Gates and Volkswagen & Qatar Investment Authority
QuantumScape is expected to receive more than $1 billion in cash and funding commitments, led by Volkswagen and Qatar’s...