Feb 1st 2026|San Francisco|5 min readIT WAS A bloodbath. On January 29th SAP, whose applications are widely used to manage everything from inventory to payroll, said during an earnings call that it expected a “slight deceleration” in its cloud-based software business in 2026. Its share price plummeted by 15%. That of ServiceNow, whose tools help businesses automate various tasks, dropped by 13%, even though in the latest quarter its revenue grew faster than analysts had expected. Even software c...