SAP CFO Sees `Challenging' Demand Environment Until Mid-2021

The transcript discusses SAP's Q3 results, highlighting challenges like currency headwinds and a decline in travel and expense management. Despite these, SAP's cloud business grew by 26%. The company aims for sustainable long-term growth by expanding its cloud market and investing in R&D. The economic outlook remains uncertain due to COVID-19, but SAP sees opportunities in cloud migration. Business travel is expected to normalize mid-next year. SAP advises policymakers to focus on digitalization and investment to enhance competitiveness.

What opportunities does the speaker see for growth in the cloud market?

How does the company plan to address the challenges faced in business travel?

What advice does the speaker give to policymakers regarding digital transformation?