"Software developer SAP beat analyst expectations while reporting earnings for its latest quarter but disappointed investors by toning down its outlook for the rest of the year, sending its stock price down more than 3 percent in recent trading Thursday.

While SAP’s progress for this quarter has been better than its previous one, analysts are saying that the Walldorf, Germany-based company will have to change its M&A strategy if it wants to stay ahead in the business applications game against rival Oracle."