Baden-Württemberg: SAP leads DAX with 246 billion euros in the stock market value!

Baden-Württemberg: SAP leads DAX with 246 billion euros in the stock market value!

Baden-Württemberg, the heart of the German economy, houses the most valuable company in Germany: SAP. The software giant, headquartered in Walldorf, has a striking market capitalization of around 246 billion euros, which clearly catapults him to the top. With the latest share price of 200.30 euros, SAP leads the ranking of the DAX, clearly ahead of Siemens and Deutsche Telekom, which are only worth 145.7 and 132 billion euros.

SAP, founded in 1972 by five visionary entrepreneurs in Weinheim, is not only known for its business software, but has now also made a name for itself in areas such as finance and dataweing. The company has over 24,000 partners and more than 280 million cloud subscribers worldwide. Despite his success, SAP faces challenges: The CEO Christian Klein has announced that the workforce is massively reduced - over 8,000 jobs are to be dismantled. This drastic measure is part of a comprehensive restructuring plan to strengthen the focus on AI and cloud technologies. For more details, see the current reports on www.merkur.de .