SAP SE (SAP) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

April 21, 2023 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks：

Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the SAP Q1 2023 Earnings Conference Call. Throughout today’s recorded presentation, all participants will be in a listen-only mode. The presentation will be followed by a question-and-answer session. [Operator Instructions]

I would now like to turn over the conference to Anthony Coletta, Chief Investor Relations Officer. Please go ahead.

Anthony Coletta

Good afternoon, everyone, and welcome. Thank you for joining us. With me today are CEO, Christian Klein; CFO, Dominik Asam; and Scott Russell, Head of Customer Success. On this call, we will discuss SAP's results for the first quarter of 2023. You can find the deck supplementing this call as well as our quarterly statement on our Investor Relations website.

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 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 2022.

Unless otherwise stated, all numbers on this call are non-IFRS and growth rates and percentage point changes are non-IFRS year-on-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 welcome Dominik, who joined SAP as our new CFO in March. It is great to have you on board, Dominik. I know the financial community is very much looking forward to speaking with you.

I would also like to call your attention to our upcoming financial analyst conference which will take place on May 16 as part of our supplier event in Orlando, Florida. This will be broadcast on our website.

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

Christian Klein

Yes. Thank you, Anthony, and thanks to all of you for joining our first earnings call of 2023. This has been a very good Q1. We continue to see strong demand across our portfolio with customers choosing our solutions to solve their most strategic and pressing needs.