We were delighted to be invited to Siemens PLM analyst days again this year. It is great to see so much effort and the breadth of software solutions on offer. We don’t usually think of Siemens as a software company, but software sales of €3.1 billion puts them at number two in Europe and twelve in the world of software companies. We can be sure that as digitalization continues to grow, a top ten position is imminent.