Cloud Business Is Not Slowing Down, Says SAP CFO

The transcript discusses SAP's cloud growth, addressing concerns about a perceived slowdown. It highlights a 40% increase in cloud revenues and a 43% growth in the first half of the year. The weakening correlation between cloud bookings and revenue is explained, emphasizing a shift to a pay-as-you-go model. The transcript also addresses analyst concerns about cloud metrics and profitability, noting a 32% growth in cloud backlog. Investor relations, particularly with Elliott Management, are discussed, focusing on growth and efficiency. Global cloud opportunities, including collaborations with US authorities and German cloud initiatives, are also explored.

What has been the percentage growth in cloud revenues for the quarter mentioned?

What is the correlation between new cloud bookings and actual revenue performance described in the text?

How much did the cloud backlog grow by the end of Q2?

What is the target gross margin for the cloud business by 2023?

What challenges are mentioned regarding the operating margin progress?

What is the significance of the dialogue with activist investors according to the speaker?

What are the key areas where the company believes it can provide value to governments?