Why SAP AG's Weak Performance This Year Is a Buy Opportunity

[Jack Calise]

Enterprise application software vendor SAP (NYSE: SAP  ) is making strong moves in the cloud. The company turned in an outstanding performance in the first quarter, delivering substantial growth in cloud and cloud-related products. In addition, SAP is progressing well in the customer relationship management space, providing tough competition to the likes of Salesforce.com (NYSE: CRM  ) and Oracle (NYSE: ORCL  ) .