SAP SE (SAP) Q3 2022 Earnings Call Transcript

SAP SE (NYSE:SAP) Q3 2022 Earnings Conference Call October 25, 2022 8:00 AM ET

Company Participants

Anthony Coletta – Chief Investor Relations Officer

Christian Klein – Chief Executive Officer

Luka Mucic – Chief Financial Officer

Scott Russell – Head-Customer Success

Conference Call Participants

Michael Briest – UBS

Adam Wood – Morgan Stanley

James Goodman – Barclays

Phil Winslow – Credit Suisse Securities

Charles Brennan – Jefferies GmbH

Toby Ogg – JP Morgan

Frederic Boulan – Bank of America

Mohammed Moawalla – Goldman Sachs

Operator

Hello, and welcome to the SAP's Third Quarter Earnings Call. At our customers' request, this conference will be recorded.

May I now hand you over to Mr. Anthony Coletta, Chief Investor Relations Officer? The line is yours.

Anthony Coletta

Good morning, everyone, and thanks for joining us today. With me on the call are CEO, Christian Klein; CFO, Luka Mucic; and Scott Russell, Head of Customer Success. On this call, we will discuss SAP's third quarter results of 2022. You can find the deck supplementing today's call as well as our quarterly statement on our Investor Relations website.

In this call, we'll make forward-looking statements, which are predictions, projections or other statements about future events. These statements are based on current expectations and assumptions that are subject to risk and uncertainties that will cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including, but not limited to the Risk Factors section of SAP's annual report on Form 20-F for 2021. Unless otherwise stated, all numbers on this call are non-IFRS, and growth rates and percentage point changes are non-IFRS year-over-year at constant currencies. The non-IFRS financial measures we provide should not be considered as a substitute for or superior to the measures of financial performance prepared in accordance with IFRS.

And with that, I'd like to turn over to Christian.

Christian Klein

Yes. Thank you, Anthony, and thanks to all of you for spending time with us today. Businesses everywhere are dealing with a combination of profound challenges including inflation, labor and energy shortages and disrupted supply chains. Despite these challenges, our results demonstrate the relevance of our strategy during these volatile times and reflect how SAP is uniquely positioned to help our customers become stronger for the future.

The role of technology is clear. SAP solutions are directly helping our customers address their most pressing needs, whether that means redesigning or automating their business processes, helping them with supply chain resiliency or stepping up to meet their sustainability goals and new regulations. Analysts point to the growing IT priority for strategic ERP implementations and that SAP should benefit from our role as a mission-critical partner in these challenging times.