Shares of German multinational software provider SAP SE on the New York Stock Exchange jumped 4.2% as Alphabet and Google shift to its platform, Seeking Alpha reported.

  • Alphabet and Google will stop using Oracle for their internal financial software and switch to SAP in the next few weeks. No indication has been given for other systems.
  • The move does not appear connected to the copyright lawsuit, in which the Supreme Court sided with Google and overturned a previous decision in favor of Oracle.
  • The shift points to the prospect of friction between the two companies that already compete in selling public cloud resources for hosting applications.
  • Getting off of Oracle’s financial software may take months of work and extensive engineering resources.