We Feel Extremely Strong About Where SAP Is Heading, Says CFO

The transcript discusses a company's strong Q1 earnings and its focus on operational excellence and cloud strategy. It highlights the migration of cloud assets to HANA, leading to increased margins. The company aims to optimize its portfolio by eliminating functional overlaps and investing in growth areas. A successful restructuring program has been implemented, and the company plans to enhance operational efficiency. Shareholder relations are positive, with support for the company's strategy. The goal is to increase operating margins by 500 basis points by 2023.

What was the percentage growth in cloud revenue during Q1?

• 19%

• 16%

• 24%

• 48%

What technology did the company migrate its cloud assets to?

• AWS

• HANA

• Azure

• Oracle

What is the company's approach to reducing duplication?

• Expanding into new markets

• Hiring more staff

• Centralizing services and eliminating overlaps

• Cutting costs across all departments

What was the purpose of the restructuring program?

• To reduce the number of products

• To expand into new regions

• To eliminate overlaps in functionality

• To increase the number of employees

How does the company view its relationship with Elliott Management?

• As a hindrance to growth

• As a conflict

• As a partnership with aligned goals

• As a minor influence

What is the company's target for operating margin improvement by 2023?

• 300 basis points

• 200 basis points

• 400 basis points

• 500 basis points

What is the company's strategy for future growth?

• Reducing product lines

• Entering new industries

• Focusing on organic growth with increasing margins

• Acquiring new companies