SAP SE (SAP) 6-K SAP Momentum Continues With Soaring Growth in Q1

Exhibit 99.1

SAP Q1 2017 Quarterly Statement

SAP Momentum Continues With Soaring Growth in Q1

◾ New Cloud Bookings Accelerate, Up 49%

◾ Stellar Software Revenue, Up 13%

◾ Strong Operating Cash Flow, Up 16%

Cloud Subscriptions &		Share of	Total Revenue
Support Revenue		Predictable Revenue
in € millions		in percent	in € millions
IFRS	Non-IFRS	Q1 2017	IFRS	Non-IFRS
905	906	69%	5,285	5,285
+34%	+34% (+30% cc)	+ 0 p.p.	+12%	+12% (+8% cc)

  “SAP’s outstanding first quarter results are a decisive follow-on to our record setting 2016. Led by S/4HANA, we are seeing mass customer adoption of our solutions globally. Our inspired workforce is firmly committed to staying focused on the success of our customers and shareholders.”     Bill McDermott, CEO     “We continued our rapid expansion in cloud, accelerating to 49% growth in new cloud bookings. This outstanding achievement further validates our investment decisions to drive future growth. We’re off to a good start to reach our full year targets and we are confident that we will grow our profitability in 2018 and beyond.”   Luka Mucic, CFO  

SAP Q1 2017 Quarterly Statement 1

Walldorf, Germany – April 25, 2017

SAP SE (NYSE: SAP) today announced its financial results for the first quarter 2017 ended March 31, 2017.

Business Highlights

Financial Highlights

First Quarter 2017

SAP’s rapid cloud expansion continued in the first quarter. New cloud bookings¹ surged 49% (44% at constant currencies) in the first quarter and reached €215 million. IFRS cloud subscriptions and support revenue grew 34% year-over-year to €905 million.Non-IFRS cloud subscriptions and support revenue grew 34% year-over-year (30% at constant currencies) to €906 million. IFRS software revenue grew 13% year-over-year to €691 million. New cloud and software license order entry² grew by more than 30% year-over-year in the first quarter. IFRS cloud and software revenue was €4.33 billion, an increase of 12% (9%non-IFRS at constant currencies). Total cloud subscriptions & support revenue and software support revenue was 69% of total revenue.

IFRS operating profit was down 17% to €673 million.Non-IFRS operating profit grew 8% to €1.20 billion (2% at constant currencies). IFRS earnings per share decreased 9% to €0.43.Non-IFRS earnings per share increased 15% to €0.73. The IFRS operating profit and EPS were primarily impacted by an increase in share-based compensation expenses, which increased due to the strong development of SAP’s share price and an increase in employee participation. Nearly 65% of SAP employees have participated in SAP’s most recent stock program OWN SAP.

Operating cash flow was €2.87 billion, an increase of 16% year-over-year. Free cash flow increased 12% year-over-year to €2.58 billion. As a result, the company continues to deleverage its balance sheet ending the quarter with net debt of €460 million, an improvement of €2.8 billion year over year.

SAP S/4HANA

With S/4HANA customers can massively simplify their IT landscape, run live and reinvent their business model for the digital economy across both cloud andon-premise deployments. S/4HANA adoption grew to more than 5,800 customers. In the first quarter approximately 400 additional customers signed up of which almost 50% were net new SAP customers. Innogy selected S/4HANA in the first quarter. S/4HANA Cloud brings next generation intelligent ERP to the cloud with speed and ease of deployment. Citrix and iColor chose the S/4HANA Cloud edition in the first quarter.

SAP Cloud Platform

SAP Cloud Platform is a platform as a service (PaaS) designed to help customers become digital enterprises. It offers a broad set of services to build new fast-paced applications and extensions for existing applications as well as to integrate acrosson-premise and cloud landscapes. SAP Cloud Platform is instrumental in empowering enterprises to create new Internet of Things (IoT), machine learning and Big Data solutions by intelligently connecting processes with people, things and businesses. C&J Energy Services, a leading provider of oil and gas services selected SAP Cloud Platform to help build digital field ticketing applications, that allows rig supervisors to accurately capture job information and synchronize to theback-end SAP S/4HANA Finance system.

¹ New cloud bookings is the total of all orders received in a given period the revenue from which is expected to be classified as cloud subscription and support revenue and that result from purchases by new customers and from incremental purchases by existing customers. Consequently, orders to renew existing contracts are not included in this metric. The order amount must be committed. Consequently, due to theirpay-per-use nature, business network transaction fees which do not include a committed minimum consumption are not reflected in the bookings metric (e.g. SAP Ariba and SAP Fieldglass transaction-based fees). Amounts included in the measures are generally annualized (annualized contract value ACV).

² New cloud and software license order entry is the total of new cloud order entry and software license order entry. The new cloud order entry metric is identical to the new cloud bookings metric defined above except that it considers the total contract value (TCV) of the orders where the new cloud bookings metric considers the orders’ annualized contract value (ACV). Software license order entry is the total of all orders received in a given period the revenue from which is expected to be classified as software license revenue. The support services commonly sold with the software licenses are not included in the software license order entry metric.

SAP Q1 2017 Quarterly Statement 2

Human Capital Management

With SuccessFactors and Fieldglass, SAP delivers total workforce management across both permanent and contingent labor, localized for more than 80 countries and more than 40 languages. Top industry analysts recently gave SAP SuccessFactors the highest rankings in Cloud HCM for Core HR and Talent Management for global organizations with more than 5,000 workers as well as formid-market European-headquartered enterprises. SuccessFactors Employee Central, which is the core of our HCM offering, had close to 1,700 customers at the end of the first quarter. Companies like Dolce & Gabbana selected SAP’s workforce management solutions in the first quarter.

Customer Engagement and Commerce

SAP’s next generation customer engagement solutions enable businesses to manage their front office across the entire spectrum from marketing to sales to services – seamlessly and in real-time. Businesses get a single view of their customer – be it social, retail ore-commerce. SAP’s CEC solutions serve both B2C and B2B across a wide range of industries, including retail, telco, financial services, manufacturing and the public sector. Top industry analysts recently named SAP Hybris a leader for B2C and B2B Digital Commerce and Multichannel Marketing Campaign Management. SAP’s CEC solutions once again achieved strong double-digit cloud subscriptions and support revenue growth as well as double-digit growth in software revenue.

Business Networks

Each of SAP’s business network solutions provide a rich, open, global platform that connect a large ecosystem of customers, suppliers, partners and developers delivering ever expanding content and innovation. On the Ariba Network, more than 2.7 million companies in over 180 countries collaborate and trade more than $900 billion in goods and services annually. Concur helps more than 47 million end users effortlessly process travel and expenses. With SAP Fieldglass customers manage over 3.3 million contingent workers in approximately 140 countries. Cloud subscriptions and support revenue in the SAP Business Network segment was up 24% in the first quarter.

Regional Revenue Performance in the First Quarter 2017

In the EMEA region, cloud and software revenue increased 10% (IFRS). Cloud subscriptions and support revenue grew 43% (IFRS) with an especially strong quarter in Germany, France and Italy. SAP had triple-digit software revenue growth in South Africa and the Netherlands.

The Company had a strong performance in the Americas region with cloud and software revenue growing by 12% (IFRS). Cloud subscriptions and support revenue was up 27% (IFRS), driven by a strong performance in Canada and Mexico with high double-digit growth. In North America, SAP had double-digit growth in software revenue. In Latin America Brazil was a highlight with strong software revenue growth amidst a difficult macroeconomic environment.

In the APJ region SAP also had an exceptional performance in both cloud subscription and software revenue. Cloud and software revenue was up 21% (IFRS), with cloud subscriptions and support revenue growing by 65% (IFRS). Japan and India were highlights in the quarter with strong results in both cloud subscriptions and software revenue. SAP also had strong double-digit software revenue growth in Greater China³ and South Korea.

³ SAP’s Greater China region includes China, Hong Kong and Taiwan.

SAP Q1 2017 Quarterly Statement 3

Financial Results at a Glance

First Quarter 20171)
	IFRS						Non-IFRS2)
€ million, unless otherwise stated	Q1 2017		Q1 2016		D in %		Q1 2017		Q1 2016		D in %		D in % const. curr.
New Cloud Bookings3)		N/A		N/A		N/A		215		145		49		44
Cloud subscriptions and support		905		677		34		906		678		34		30
Software licenses and support		3,422		3,172		8		3,422		3,173		8		5
Cloud and software		4,328		3,850		12		4,328		3,851		12		9
Total revenue		5,285		4,727		12		5,285		4,728		12		8
Share of predictable revenue (in %)		69		69		0pp		69		69		0pp
Operating profit		673		813		–17		1,198		1,104		8		2
Profit after tax		530		570		–7		887		763		16
Basic earnings per share (€)		0.43		0.48		–9		0.73		0.64		15
Number of employees (FTE)		85,751		78,230		10		N/A		N/A		N/A		N/A

¹⁾ All figures are unaudited.

²⁾ For a detailed description of SAP’snon-IFRS measures seeExplanation ofNon-IFRS Measures online. For a breakdown of the individual adjustments see table“Non-IFRS Adjustments by Functional Areas” in this Quarterly Statement.

³⁾ As this is an order entry metric, there is no IFRS equivalent.

Due to rounding, numbers may not add up precisely.

Business Outlook 2017

The Company reiterates the following 2017 outlook:

– Based on the continued strong momentum in SAP’s cloud business the Company expects full year 2017non-IFRS cloud subscriptions and support revenue to be in a range of €3.8 billion to €4.0 billion at constant currencies (2016: €2.99 billion). The upper end of this range represents a growth rate of 34% at constant currencies.

– The Company expects full year 2017non-IFRS cloud & software revenue to increase by 6% to 8% at constant currencies (2016: €18.43 billion).

– The Company expects full year 2017non-IFRS total revenue in a range of €23.2 billion to €23.6 billion at constant currencies (2016: €22.07 billion).

– The Company expects full-year 2017non-IFRS operating profit to be in a range of €6.8 billion to €7.0 billion at constant currencies (2016: €6.63 billion).

While the Company’s full-year 2017 business outlook is at constant currencies, actual currency reported figures are expected to continue to be impacted by exchange rate fluctuations. If exchange rates remain at the March 2017 average level for the rest of the year, the Company expects itsnon-IFRS cloud and software revenue growth rate as well as itsnon-IFRS operating profit growth rate to experience a currency benefit in a range of 2 to 5 percentage points for the second quarter 2017. For the full year 2017, we expect to have a benefit in a range of 1 to 4 percentage points.

SAP Q1 2017 Quarterly Statement 4

Additional Information

Changes to the SAP Executive Board

The Supervisory Board of SAP SE has decided to expand the responsibilities of the Executive Board members Robert Enslin and Bernd Leukert as of May 1, 2017. Robert Enslin will lead the new Cloud Business Group. Furthermore, the Supervisory Board has named AdaireFox-Martin and Jennifer Morgan to the Executive Board. They will beco-presidents of Global Customer Operations and oversee all SAP regions.

Steve Singh, the Executive Board member responsible for Business Networks and Applications, will leave SAP SE on April 30, 2017.

The aforementioned changes to SAP’s Executive Board will also change SAP’s segment reporting from the second quarter of 2017 onwards. SAP has already started the process of redefining its management reporting under the changed Executive Board structure, which the segment reporting will follow.

General Remarks about this Quarterly Statement and the SAP Integrated Report

Since Q1 2016, we issue a quarterly statement for each of the four fiscal quarters. Additionally, we issue a half year report and a full year integrated report. SAP’s 2016 Integrated Report, and 2016 Annual Report on Form20-F were published on February 28, 2017, and are available for download atwww.sapintegratedreport.com.

For a more detailed description of all of SAP’snon-IFRS measures and their limitations as well as our constant currency and free cash flow figures seeExplanation of Non-IFRS Measures online.

Webcast

SAP senior management will host a financial analyst conference call at 2:00 PM (CET) / 1:00 PM (GMT) / 8:00 AM (Eastern) / 5:00 AM (Pacific). The call will be webcast live on the Company’s website atwww.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the first quarter results can be found atwww.sap.com/investor.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 350,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

For more information, financial community only:
Stefan Gruber	+49 (6227)7-44872	investor@sap.com, CET
Follow SAP Investor Relations on Twitter at @sapinvestor.
For more information, press only:
Nicola Leske	+49 (6227)7-50852	nicola.leske@sap.com, CET
Daniel Reinhardt	+49 (6227)7-40201	daniel.reinhardt@sap.com, CET
Rajiv Sekhri	+49 (6227)7-74871	rajiv.sekhri@sap.com, CET

For customers interested in learning more about SAP products:

Global Customer Center:	+49 180534-34-24
United States Only:	+1 (800)872-1SAP(+1-800-872-1727)

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SAP Q1 2017 Quarterly Statement 5

Financial andNon-Financial Key Facts

€ millions, unless otherwise stated	Q1 2016		Q2 2016		Q3 2016		Q4 2016		TY 2016		Q1 2017
Revenues
Cloud subscriptions and support (IFRS)		677		720		769		827		2,993		905
Cloud subscriptions and support(non-IFRS)		678		721		769		827		2,995		906
% change – yoy		33		30		28		31		30		34
% change constant currency – yoy		33		33		29		29		31		30
Software licenses (IFRS)		609		1,040		1,034		2,177		4,860		691
Software licenses(non-IFRS)		609		1,042		1,034		2,177		4,862		691
% change – yoy		–13		6		2		1		1		13
% change constant currency – yoy		–10		10		2		0		1		10
Software support (IFRS)		2,564		2,598		2,653		2,756		10,571		2,731
Software support(non-IFRS)		2,564		2,598		2,653		2,756		10,572		2,731
% change – yoy		5		3		6		6		5		7
% change constant currency – yoy		5		6		6		5		6		3
Software licenses and support (IFRS)		3,172		3,639		3,686		4,933		15,431		3,422
Software licenses and support(non-IFRS)		3,173		3,640		3,687		4,934		15,434		3,422
% change – yoy		1		4		5		4		3		8
% change constant currency – yoy		2		7		5		3		4		5
Cloud and software (IFRS)		3,850		4,359		4,455		5,760		18,424		4,328
Cloud and software(non-IFRS)		3,851		4,361		4,456		5,761		18,428		4,328
% change – yoy		5		7		8		7		7		12
% change constant currency – yoy		6		11		9		6		8		9
Total revenue (IFRS)		4,727		5,237		5,375		6,724		22,062		5,285
Total revenue(non-IFRS)		4,728		5,239		5,375		6,724		22,067		5,285
% change – yoy		5		5		8		6		6		12
% change constant currency – yoy		6		9		8		5		7		8
Share of predictable revenue (IFRS, in %)		69		63		64		53		61		69
Share of predictable revenue(non-IFRS, in %)		69		63		64		53		61		69
Profits
Operating profit (IFRS)		813		1,269		1,103		1,950		5,135		673
Operating profit(non-IFRS)		1,104		1,516		1,638		2,375		6,633		1,198
% change		5		9		1		4		4		8
% change constant currency		4		11		1		2		4		2
Profit after tax (IFRS)		570		813		725		1,526		3,634		530
Profit after tax(non-IFRS)		763		979		1,089		1,826		4,658		887
% change		9		2		–7		9		3		16
Margins
Cloud subscriptions and support gross margin (IFRS, in %)		57.0		56.6		56.3		54.8		56.1		57.7
Cloud subscriptions and support gross margin(non-IFRS, in %)		65.9		64.8		64.5		62.7		64.4		64.6
Software license and support gross margin (IFRS, in %)		84.2		86.1		85.4		87.1		85.9		83.3
Software license and support gross margin(non-IFRS, in %)		85.9		87.4		87.4		88.4		87.4		85.1
Cloud and software gross margin (IFRS, in %)		79.4		81.2		80.4		82.4		81.0		77.9
Cloud and software gross margin(non-IFRS, in %)		82.3		83.6		83.4		84.7		83.7		80.8
Gross margin (IFRS, in %)		66.9		70.4		69.3		73.0		70.2		66.7
Gross margin(non-IFRS, in %)		69.6		72.6		72.7		75.5		72.9		69.9
Operating margin (IFRS, in %)		17.2		24.2		20.5		29.0		23.3		12.7
Operating margin(non-IFRS, in %)		23.4		28.9		30.5		35.3		30.1		22.7
AT&S Segment1)– Cloud subscriptions and support gross margin (in %)		54		51		51		48		51		52

SAP Q1 2017 Quarterly Statement 6

€ millions, unless otherwise stated	Q1 2016		Q2 2016		Q3 2016		Q4 2016		TY 2016		Q1 2017
AT&S Segment1)– Gross margin (in %)		70		73		74		76		73		70
AT&S Segment1) – Segment margin (in %)		34		39		41		45		40		32
SAP BN Segment2)– Cloud subscriptions and support gross margin (in %)		75		76		77		75		76		77
SAP BN Segment2) – Gross margin (in %)		67		68		68		66		67		67
SAP BN Segment2)– Segment margin (in %)		17		18		20		16		18		16
Key Profit Ratios
Effective tax rate (IFRS, in %)		23.3		28.9		28.4		22.3		25.3		20.6
Effective tax rate(non-IFRS, in %)		26.2		29.6		29.7		23.5		26.8		25.7
Earnings per share, basic (IFRS, in €)		0.48		0.68		0.61		1.27		3.04		0.43
Earnings per share, basic(non-IFRS, in €)		0.64		0.82		0.91		1.53		3.90		0.73
Order Entry
New Cloud Bookings		145		255		265		483		1,147		215
Deferred cloud subscriptions and support revenue (IFRS, quarter end)		953		1,003		1,081		1,271		1,271		1,376
Orders – Number ofon-premise software deals (in transactions)		12,884		14,468		13,048		16,891		57,291		13,115
Share of orders greater than € 5 million based on total software order entry volume (in %)		17		29		26		34		29		27
Share of orders smaller than € 1 million based on total software order entry volume (in %)		48		38		40		35		38		46
Liquidity and Cash Flow
Net cash flows from operating activities		2,482		439		707		1,000		4,628		2,872
Free cash flow		2,313		202		446		665		3,627		2,581
% of total revenue (IFRS)		49		4		8		10		16		49
% of profit after tax (IFRS)		406		25		61		44		100		487
Group liquidity, gross		5,853		4,347		4,388		4,673		4,673		7,345
Group debt		–9,080		–8,593		–8,134		–7,825		–7,825		–7,805
Group liquidity, net		–3,227		–4,245		–3,746		–3,153		–3,153		–460
Days’ sales outstanding (DSO, in days)3)		72		73		74		74		74		72
Financial Position
Cash and cash equivalents		5,743		4,206		4,112		3,702		3,702		5,937
Goodwill		21,922		22,354		22,276		23,312		23,312		23,092
Total assets		42,884		41,788		41,601		44,277		44,277		47,724
Equity ratio (total equity in % of total assets)		53		55		57		59		59		56
Non-Financials
Number of employees (quarter end)4)		78,230		79,962		82,426		84,183		84,183		85,751
Employee retention (in %, rolling 12 months)		92.0		92.6		93.4		93.7		93.7		94.1
Women in management (in %, quarter end)		23.6		24.1		24.3		24.5		24.5		24.8
Greenhouse gas emissions (in kilotons)		120		95		85		80		380		100

¹⁾ Applications, Technology & Services Segment

²⁾ SAP Business Network Segment

³⁾ Days’ sales outstanding measures the length of time it takes to collect receivables. SAP calculates DSO by dividing the average invoiced accounts receivables balance of the last 12 months by the average monthly sales of the last 12 months.

⁴⁾ In full-time equivalents

Due to rounding, numbers may not add up precisely.

SAP Q1 2017 Quarterly Statement 7

Consolidated Income Statements of SAP Group (IFRS)

€ millions, unless otherwise stated	Q1 2017		Q1 2016		D in %
Cloud subscriptions and support		905		677		34
Software licenses		691		609		13
Software support		2,731		2,564		7
Software licenses and support		3,422		3,172		8
Cloud and software		4,328		3,850		12
Services		957		877		9
Total revenue		5,285		4,727		12
Cost of cloud subscriptions and support		–383		–291		32
Cost of software licenses and support		–571		–500		14
Cost of cloud and software		–954		–791		21
Cost of services		–806		–773		4
Total cost of revenue		–1,760		–1,564		13
Gross profit		3,524		3,163		11
Research and development		–852		–709		20
Sales and marketing		–1,708		–1,394		22
General and administration		–291		–230		26
Restructuring		–4		–11		–61
Other operating income/expense, net		4		–6		<-100
Total operating expenses		–4,612		–3,914		18
Operating profit		673		813		–17
Othernon-operating income/expense, net		–18		–35		–49
Finance income		107		35		>100
Finance costs		–94		–70		34
Financial income, net		13		–35		<-100
Profit before tax		668		743		–10
Income tax expense		–138		–173		–20
Profit after tax		530		570		–7
Attributable to owners of parent		521		572		–9
Attributable tonon-controlling interests		9		–2		<-100
Earnings per share, basic (in €)1)		0.43		0.48		–9
Earnings per share, diluted (in €)1)		0.43		0.48		–9

¹⁾ For the three months ended March 31, 2017 and 2016, the weighted average number of shares was 1,199 million (diluted 1,199 million) and 1,198 million (diluted: 1,199 million), respectively (treasury stock excluded).

Due to rounding, numbers may not add up precisely.

SAP Q1 2017 Quarterly Statement 8

Consolidated Statements of Financial Position of SAP Group (IFRS)

as at March 31, 2017 and December 31, 2016
€ millions	2017		2016
Cash and cash equivalents		5,937		3,702
Other financial assets		1,545		1,124
Trade and other receivables		6,596		5,924
Othernon-financial assets		775		581
Tax assets		294		233
Total current assets		15,147		11,564
Goodwill		23,092		23,312
Intangible assets		3,638		3,786
Property, plant, and equipment		2,620		2,580
Other financial assets		1,447		1,358
Trade and other receivables		128		126
Othernon-financial assets		547		532
Tax assets		445		450
Deferred tax assets		660		570
Totalnon-current assets		32,578		32,713
Total assets		47,724		44,277
€ millions	2017		2016
Trade and other payables		1,183		1,281
Tax liabilities		328		316
Financial liabilities		1,775		1,813
Othernon-financial liabilities		2,989		3,699
Provisions		158		183
Deferred income		6,215		2,383
Total current liabilities		12,649		9,674
Trade and other payables		124		127
Tax liabilities		377		365
Financial liabilities		6,454		6,481
Othernon-financial liabilities		614		461
Provisions		321		217
Deferred tax liabilities		349		411
Deferred income		70		143
Totalnon-current liabilities		8,308		8,205
Total liabilities		20,957		17,880
Issued capital		1,229		1,229
Share premium		593		599
Retained earnings		22,826		22,302
Other components of equity		3,188		3,346
Treasury shares		–1,099		–1,099
Equity attributable to owners of parent		26,736		26,376
Non-controlling interests		31		21
Total equity		26,768		26,397
Total equity and liabilities		47,724		44,277

Due to rounding, numbers may not add up precisely.

SAP Q1 2017 Quarterly Statement 9

Consolidated Statements of Cash Flows of SAP Group (IFRS)

€ millions	Q1 2017		Q1 2016
Profit after tax		530		570
Adjustments to reconcile profit after taxes to net cash flows from operating activities:
Depreciation and amortization		320		309
Income tax expense		138		173
Financial income, net		–13		35
Decrease/increase in sales and bad debt allowances on trade receivables		15		35
Other adjustments fornon-cash items		–13		8
Decrease/increase in trade and other receivables		–633		–443
Decrease/increase in other assets		–243		–191
Decrease/increase in trade payables, provisions, and other liabilities		–596		–1,097
Decrease/increase in deferred income		3,730		3,393
Interest paid		–58		–54
Interest received		17		17
Income taxes paid, net of refunds		–323		–273
Net cash flows from operating activities		2,872		2,482
Business combinations, net of cash and cash equivalents acquired		–22		–3
Purchase of intangible assets or property, plant, and equipment		–291		–168
Proceeds from sales of intangible assets or property, plant, and equipment		27		17
Purchase of equity or debt instruments of other entities		–981		–164
Proceeds from sales of equity or debt instruments of other entities		624		186
Net cash flows from investing activities		–644		–132
Proceeds from reissuance of treasury shares		0		7
Proceeds from borrowings		4		0
Repayments of borrowings		–3		–2
Transactions withnon-controlling interests		0		3
Net cash flows from financing activities		1		7
Effect of foreign currency rates on cash and cash equivalents		5		–25
Net decrease/increase in cash and cash equivalents		2,234		2,332
Cash and cash equivalents at the beginning of the period		3,702		3,411
Cash and cash equivalents at the end of the period		5,937		5,743

Due to rounding, numbers may not add up precisely.

SAP Q1 2017 Quarterly Statement 10

Segment Reporting

Applications, Technology & Services

€ millions, unless otherwise stated			Q1 2017		Q1 2016		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support – SaaS/PaaS1)		352		342		254		39		35
Cloud subscriptions and support – IaaS2)		76		75		41		86		82
Cloud subscriptions and support		428		417		295		45		41
Software licenses		675		652		591		14		10
Software support		2,705		2,620		2,540		6		3
Software licenses and support		3,380		3,272		3,131		8		5
Cloud and software		3,808		3,689		3,426		11		8
Services		855		832		802		7		4
Total segment revenue		4,663		4,522		4,229		10		7
Cost of cloud subscriptions and support – SaaS/PaaS1)		–139		–134		–86		61		55
Cost of cloud subscriptions and support – IaaS2)		–68		–66		–50		36		32
Cost of cloud subscriptions and support		–207		–200		–136		52		47
Cost of software licenses and support		–507		–499		–462		10		8
Cost of cloud and software		–714		–699		–598		19		17
Cost of services		–686		–671		–677		1		–1
Total cost of revenue		–1,400		–1,370		–1,275		10		7
Segment gross profit		3,263		3,152		2,954		10		7
Other segment expenses		–1,761		–1,721		–1,513		16		14
Segment profit		1,502		1,431		1,441		4		–1
Margins
Cloud subscriptions and support gross margin – SaaS/PaaS1) (in %)		60		61		66		–6pp		–5pp
Cloud subscriptions and support gross margin – IaaS2) (in %)		11		11		–22		33pp		33pp
Cloud subscriptions and support gross margin (in %)		52		52		54		–2pp		–2pp
Gross margin (in %)		70		70		70		0pp		–0pp
Segment margin (in %)		32		32		34		–2pp		–2pp

¹⁾ Software as a Service/Platform as a Service

²⁾ Infrastructure as a Service

Due to rounding, numbers may not add up precisely.

SAP Q1 2017 Quarterly Statement 11

SAP Business Network

€ millions, unless otherwise stated	Q1 2017				Q1 2016		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support – SaaS/PaaS1)		464		448		373		24		20
Cloud subscriptions and support – IaaS2)		0		0		0		0		0
Cloud subscriptions and support		464		448		373		24		20
Software licenses		0		0		0		0		0
Software support		6		6		7		–19		–12
Software licenses and support		6		6		7		–18		–12
Cloud and software		469		454		380		24		20
Services		98		95		71		38		33
Total segment revenue		567		549		451		26		22
Cost of cloud subscriptions and support – SaaS/PaaS1)		–107		–104		–92		17		13
Cost of cloud subscriptions and support – IaaS2)		0		0		0		0		0
Cost of cloud subscriptions and support		–107		–104		–92		17		13
Cost of software licenses and support		–1		–1		0		>100		>100
Cost of cloud and software		–108		–105		–92		17		14
Cost of services		–77		–74		–56		37		33
Total cost of revenue		–184		–179		–148		25		21
Segment gross profit		383		370		303		26		22
Other segment expenses		–293		–285		–228		29		25
Segment profit		90		85		75		20		13
Margins
Cloud subscriptions and support gross margin – SaaS/PaaS1) (in %)		77		77		75		2pp		1pp
Cloud subscriptions and support gross margin – IaaS2) (in %)		0		0		0		0pp		0pp
Cloud subscriptions and support gross margin (in %)		77		77		75		2pp		1pp
Gross margin (in %)		67		67		67		0pp		0pp
Segment margin (in %)		16		15		17		–1pp		–1pp

¹⁾ Software as a Service/Platform as a Service    

²⁾ Infrastructure as a Service    

Due to rounding, numbers may not add up precisely.

SAP Q1 2017 Quarterly Statement 12

Reconciliation of Cloud Delivery Models

€ millions, unless otherwise stated				Q1 2017		Q1 2016		D in %		D in %
		Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
SAP Business Network – cloud subscriptions and support revenue			464		448		373		24		20
Public cloud revenue (SaaS/PaaS1))	Applications, Technology & Services		352		342		254		39		35
	Other		13		13		10		37		35
	Total		365		355		264		38		35
Private cloud revenue (IaaS2))	Applications, Technology & Services		76		75		41		86		82
Cloud subscriptions and support revenue			906		878		678		34		30
SAP Business Network – cloud subscriptions and support gross margin (in %)			77		77		75		2pp		1pp
Public cloud gross margin (SaaS/PaaS1)) (in %)	Applications, Technology & Services		60		61		66		–6pp		–5pp
	Other		54		48		70		–16pp		–22pp
	Total		60		60		66		–6pp		–6pp
Private cloud gross margin (IaaS2)) (in %)	Applications, Technology & Services		11		11		–22		33pp		33pp
Cloud subscriptions and support gross margin (in %)			65		65		66		–1pp		–1pp

¹⁾ Software as a Service/Platform as a Service    

²⁾ Infrastructure as a Service    

Due to rounding, numbers may not add up precisely.

SAP Q1 2017 Quarterly Statement 13

Reconciliation fromNon-IFRS Numbers to IFRS Numbers

€ millions, unless otherwise stated									Q1 2017						Q1 2016						D in %
	IFRS		Adj.1)		Non- IFRS1)		Currency Impact2)		Non-IFRS Constant Currency2)		IFRS		Adj.1)		Non- IFRS1)		IFRS		Non- IFRS1)		Non-IFRS Constant Currency2)
Revenue Numbers
Cloud subscriptions and support		905		0		906		–27		878		677		1		678		34		34		30
Software licenses		691		0		691		–23		668		609		0		609		13		13		10
Software support		2,731		0		2,731		–83		2,648		2,564		0		2,564		7		7		3
Software licenses and support		3,422		0		3,422		–106		3,316		3,172		0		3,173		8		8		5
Cloud and software		4,328		0		4,328		–133		4,194		3,850		1		3,851		12		12		9
Services		957		0		957		–26		931		877		0		877		9		9		6
Total revenue		5,285		0		5,285		–159		5,126		4,727		1		4,728		12		12		8
Operating Expense Numbers
Cost of cloud subscriptions and support		–383		63		–320						–291		60		–231		32		39
Cost of software licenses and support		–571		62		–510						–500		52		–449		14		14
Cost of cloud and software		–954		124		–830						–791		111		–680		21		22
Cost of services		–806		47		–759						–773		17		–756		4		0
Total cost of revenue		–1,760		171		–1,589						–1,564		129		–1,435		13		11
Gross profit		3,524		172		3,696						3,163		130		3,293		11		12
Research and development		–852		88		–764						–709		27		–681		20		12
Sales and marketing		–1,708		211		–1,497						–1,394		109		–1,286		22		16
General and administration		–291		50		–242						–230		15		–216		26		12
Restructuring		–4		4		0						–11		11		0		–61		NA
Other operating income/expense, net		4		0		4						–6		0		–6		<-100		<-100
Total operating expenses		–4,612		524		–4,087		87		–4,000		–3,914		290		–3,624		18		13		10
Profit Numbers
Operating profit		673		525		1,198		–72		1,126		813		291		1,104		–17		8		2
Othernon-operating income/expense, net		–18		0		–18						–35		0		–35		–49		–49
Finance income		107		0		107						35		0		35		>100		>100
Finance costs		–94		0		–94						–70		0		–70		34		34
Financial income, net		13		0		13						–35		0		–35		<-100		<-100
Profit before tax		668		525		1,193						743		291		1,034		–10		15
Income tax expense		–138		–168		–306						–173		–98		–271		–20		13
Profit after tax		530		356		887						570		193		763		–7		16
Attributable to owners of parent		521		356		877						572		193		765		–9		15
Attributable tonon-controlling interests		9		0		9						–2		0		–2		<-100		<-100
Key Ratios
Operating margin (in %)		12.7				22.7				22.0		17.2				23.4		–4.5pp		–0.7pp		–1.4pp
Effective tax rate (in %)3)		20.6				25.7						23.3				26.2		–2.7pp		–0.5pp
Earnings per share, basic (in €)		0.43				0.73						0.48				0.64		–9		15

¹⁾ Adjustments in the revenue line items are for software support revenue, cloud subscriptions and support revenue, and other similarly recurring revenues that entities acquired by SAP would have recognized had they remained stand-alone entities but that SAP is not permitted to recognize as revenue under IFRS as a result of business combination accounting rules. Adjustments in the operating expense line items are for acquisition-related charges, share-based payment expenses, as well as restructuring expenses.

SAP Q1 2017 Quarterly Statement 14

²⁾ Constant currency revenue and operating income figures are calculated by translating revenue and operating income of the current period using the average exchange rates from the previous year’s respective period instead of the current period. Constant currency period-over-period changes are calculated by comparing the current year’snon-IFRS constant currency numbers with thenon-IFRS number of the previous year’s respective period.

For a more detailed description of these adjustments and their limitations as well as our constant currency figures, see our Web sitewww.sap.com/corporate-en/investors/newsandreports/reporting-framework.epx under“Non-IFRS Measures, Adjustments and Full-Year Estimates”.

³⁾ The difference between our effective tax rate (IFRS) and effective tax rate(non-IFRS) in Q1 2017 and Q1 2016 mainly results from tax effects of acquisition-related charges and share-based payment expenses.

Due to rounding, numbers may not add up precisely.

Non-IFRS Adjustments – Actuals and Estimates

€ millions	Estimated Amounts for Full Year 2017		Q1 2017		Q1 2016
Operating profit (IFRS)				673		813
Revenue adjustments		<20		0		1
Adjustment for acquisition-related charges		620 to 650		157		170
Adjustment for share-based payment expenses		900 to 1,150		363		109
Adjustment for restructuring1)		250 to 300		4		11
Operating expense adjustments				524		290
Operating profit adjustments				525		291
Operating profit(non-IFRS)				1,198		1,104

¹⁾ Reflects our expectations for restructuring activities in our services and support business

Non-IFRS Adjustments by Functional Areas

€ millions	Q1 2017										Q1 2016
	IFRS		Acquisition- Related		SBP1)		Restruc- turing		Non-IFRS		IFRS		Acquisition- Related		SBP1)		Restruc- turing		Non-IFRS
Cost of cloud and software		–954		83		41		0		–830		–791		98		13		0		–680
Cost of services		–806		2		45		0		–759		–773		3		15		0		–756
Research and development		–852		3		86		0		–764		–709		2		25		0		–681
Sales and marketing		–1,708		68		143		0		–1,497		–1,394		64		45		0		–1,286
General and administration		–291		1		49		0		–242		–230		3		12		0		–216
Restructuring		–4		0		0		4		0		–11		0		0		11		0
Other operating income/expense, net		4		0		0		0		4		–6		0		0		0		–6
Total operating expenses		–4,612		157		363		4		–4,087		–3,914		170		109		11		–3,624

¹⁾ Share-based Payments

If not presented in a separate line item in our income statement, the restructuring expenses would break down as follows:

€ millions	Q1 2017		Q1 2016
Cost of cloud and software		1		1
Cost of services		1		3
Research and development		1		3
Sales and marketing		1		3
General and administration		0		1
Restructuring expenses		4		11

SAP Q1 2017 Quarterly Statement 15

Revenue by Region (IFRS andNon-IFRS)

€ millions	Q1 2017										Q1 2016						D in %
	IFRS		Adj.1)		Non-IFRS1)		Currency Impact2)		Non-IFRS Constant Currency2)		IFRS		Adj.1)		Non-IFRS1)		IFRS		Non-IFRS1)		Non-IFRS Constant Currency2)
Cloud subscriptions and support revenue by region
EMEA		230		0		230		–1		229		161		0		161		43		43		42
Americas		582		0		582		–22		561		460		0		460		27		27		22
APJ		94		0		94		–5		88		57		0		57		65		65		56
Cloud subscriptions and support revenue		905		0		906		–27		878		677		1		678		34		34		30
Cloud and software revenue by region
EMEA		1,848		0		1,848		–34		1,814		1,686		0		1,686		10		10		8
Americas		1,775		0		1,776		–68		1,707		1,583		1		1,584		12		12		8
APJ		704		0		704		–31		673		581		0		581		21		21		16
Cloud and software revenue		4,328		0		4,328		–133		4,194		3,850		1		3,851		12		12		9
Total revenue by region
Germany		674		0		674		0		674		605		0		605		11		11		11
Rest of EMEA		1,572		0		1,572		–38		1,534		1,442		0		1,442		9		9		6
Total EMEA		2,246		0		2,246		–38		2,208		2,047		0		2,047		10		10		8
United States		1,773		0		1,773		–60		1,714		1,606		1		1,606		10		10		7
Rest of Americas		431		0		431		–26		406		371		0		371		16		16		9
Total Americas		2,205		0		2,205		–85		2,119		1,977		1		1,977		12		11		7
Japan		198		0		198		–8		189		169		0		169		17		17		12
Rest of APJ		637		0		637		–28		609		535		0		535		19		19		14
Total APJ		835		0		835		–36		798		704		0		704		19		19		13
Total revenue		5,285		0		5,285		–159		5,126		4,727		1		4,728		12		12		8

¹⁾ Adjustments in the revenue line items are for support revenue, cloud subscriptions and support revenue, and other similarly recurring revenues that entities acquired by SAP would have recognized had they remained stand-alone entities but that SAP is not permitted to recognize as revenue under IFRS as a result of business combination accounting rules.

²⁾ Constant currency revenue figures are calculated by translating revenue of the current period using the average exchange rates from the previous year’s respective period instead of the current period. Constant currency period-over-period changes are calculated by comparing the current year’snon-IFRS constant currency numbers with thenon-IFRS number of the previous year’s respective period.

For a more detailed description of these adjustments and their limitations as well as our constant currency figures, see our Web sitewww.sap.com/corporate-en/investors/newsandreports/reporting-framework.epx under“Non-IFRS Measures and Estimates”.

Due to rounding, numbers may not add up precisely.

SAP Q1 2017 Quarterly Statement 16

Employees by Region and Functional Areas

	31.03.2017					31.03.2016
Full-time equivalents		EMEA	Americas	APJ	Total		EMEA	Americas	APJ	Total
Cloud and software		6,575	4,596	5,524	16,696		6,121	4,008	5,094	15,224
Services		6,578	4,204	4,073	14,855		6,468	3,886	3,628	13,982
Research and development		10,675	4,964	8,051	23,691		9,717	4,364	7,095	21,177
Sales and marketing		8,680	8,845	4,550	22,074		7,768	8,106	4,086	19,959
General and administration		2,689	1,799	1,036	5,525		2,506	1,648	963	5,116
Infrastructure		1,638	812	460	2,910		1,541	790	441	2,772
SAP Group (March 31)		36,835	25,221	23,694	85,751		34,121	22,802	21,307	78,230
Thereof acquisitions1)		4	13	0	17		4	25	0	29
SAP Group (three months’ end average)		36,681	25,066	23,512	85,259		34,046	22,578	21,223	77,847
1) Acquisitions closed between January 1 and March 31 of the respective year.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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SAP Q1 2017 Quarterly Statement 17