SAP SE (SAP) CEO Christian Klein on Q1 2022 Results - Earnings Call Transcript

SAP SE (NYSE:SAP) Q1 2022 Results Conference Call April 22, 2022 8:00 AM ET

Company Participants

Anthony Coletta - Chief IR Officer

Christian Klein - CEO

Luka Mucic - CFO

Scott Russell - Customer Success

Conference Call Participants

James Goodman - Barclays

Toby Ogg - Credit Suisse

Adam Wood - Morgan Stanley

Stacy Pollard - JP Morgan

Fredric Boulan - Bank of America

Michael Briest - UBS

Kirk Materne - Evercore

Johannes Schaller - Deutsche Bank

Operator

Good day, and welcome to the SAP Q1 2022 Earnings Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Anthony Coletta, Chief Investor Relations Officer. Please go ahead, sir.

Anthony Coletta

Thank you, and welcome, everyone. Thanks for joining us today on our earnings call to discuss SAP’s Q1 ‘22 results. On our Investor Relations website, you can find the deck intended to supplement today’s call.

With me today, our CEO, Christian Klein; and CFO, Luka Mucic, will make opening remarks. We also have Scott Russell, who leads our Customer Success organization, joining us for Q&A.

Now, let’s do the safe harbor. During 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, forecasts and assumptions that are subject to risks and uncertainties that could 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 financial numbers on this call are non-IFRS. Growth rates and percentage point changes are non-IFRS year-over-year at constant currencies. 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.

Before we start, I would like to remind you that we’ll hold our financial analyst conference as part of our Sapphire program in Orlando, Florida on May 11th. The event will also be webcast on our website.

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

Christian Klein

Yes. Thank you, Anthony, and thanks to all of you for joining us today.

To start, I want to address a topic that has been at the top of everyone’s mind for the past two months, Russia’s ongoing unjustified war in Ukraine. Above all, this is a human tragedy on a massive scale. And our hearts and hopes continue to be with the people of Ukraine.