SAP SE (SAP) Annual Financial Analyst Conference (Transcript)


SAP SE (NYSE:SAP) Annual Financial Analyst Conference May 21, 2025 9:00 AM ET

Company Participants

Alexandra Steiger – Global Head of Investors Relations
Christian Klein – Chief Executive Officer
Muhammad Alam – Executive Board Member Product & Engineering
Sebastian Steinhaeuser – Chief Operating Officer
Gina Vargiu-Breuer – Chief People Officer and Labor Director
Dominik Asam – Chief Financial Office
Thomas Saueressig – Customer Services & Delivery and Member of Executive Board
Elizabeth Hackenson – Chief Information Officer, Schneider Electric

Conference Call Participants

Mohammed Moawalla – Goldman Sachs
Michael Turrin – Wells Fargo Securities
Michael Briest – UBS
Toby Ogg – JPMorgan
Sven Merkt – Barclays
Frederic Boulan – Bank of America Securities
Charlie Brennan – Jefferies
Johannes Schaller – Deutsche Bank

Alexandra Steiger

Hi. Good afternoon, everyone, and thank you for joining us at our Annual Financial Analyst Conference. We hope you are joining Sapphire so far and had a chance to explore all the exciting innovation here on display in Orlando. A warm welcome as well to those that are joining us virtually from around the world.

Today’s agenda is a great opportunity to hear directly from our executive team, explore key opportunities across our portfolio and better understand how technology and strategy are coming together here at SAP.

Last year, we laid out a framework on how we’re expecting to accelerate revenue growth while at the same time, driving continued operating leverage. One year later, we are delivering against that vision despite a more challenging macroeconomic backdrop as we operate with focus, scale efficiently and innovate across our portfolio with the launch of BDC in February just being the latest example.

We have a great agenda for you today that brings together our executive team to share updates on our strategy, product road map and financials. So, let’s jump right in. First, we’ll



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