SAP CEO Christian Klein On Job Cuts, Stake Sales

The transcript discusses SAP's financial outlook for 2023, highlighting a targeted restructuring to enhance competitiveness and market share. SAP's cloud business is thriving, with strong partnerships with Microsoft, AWS, and Google. Despite economic challenges, SAP remains optimistic, focusing on process automation, supply chain resiliency, and sustainability. The sale of Qualtrics is part of the restructuring to focus on core growth areas. SAP's Concur business is performing well, with expectations for growth and innovation in 2023.

What is the outlook for SAP's cloud business compared to Microsoft’s growth?

How does SAP plan to address the challenges posed by the current economic environment?

What are the key areas where SAP is focusing its restructuring efforts?