Software company stocks were broadly lower during Thursday's premarket trading session, following the release of earnings reports from both Microsoft and SAP.

Microsoft fell 7%, while SAP dropped 14%.

Other individual stock movements: Datadog declined 5.7%, Atlassian was down 4.3%, Snowflake fell 3.4%, Workday dropped 4.3%, MongoDB decreased 2.9%, Salesforce was down 3.1%, and Adobe fell 1.9%.

Related news: Microsoft's stock plummeted after hours, driven by record-high expenditures and a slowdown in its cloud business growth.