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SAP ADR Stock Fund  Form

SAP ADR Stock Fund Form

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speaking of your portfolio you've also announced a restructuring a streamlining some would say uh what was the point of that and I know that there were people who um you let go and I'm trying to figure out whether that was anything to do with a weaker economy or just because you want a stronger sap I mean first when when we reported earnings today we have a booming Cloud business our current cloud backlog is now at 12 billion growing 24 we are giving a strong guidance for next year we want to grow our Cloud business by another 25 so the business is in a really good shape so why restructure it because we are winning in our core portfolio we are winning in Erp we are winning in supply chain and there are other areas of portfolio where we say hey let's water shift and lift and shift our investments to this core to further expand our market share to further increase the competitiveness of sap to make sure that not only in 2023 but also in the years ahead we see supe

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