SAP SE ADS (SAP) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.577 Good evening, everyone, and welcome. Thank you for joining us. 00:00:03.577 -- 00:00:07.864 With me today are CEO Christian Klein and CFO Dominic Assam. 00:00:07.864 -- 00:00:12.712 On this call, we will discuss SAP's first quarter 2025 results. 00:00:12.712 -- 00:00:16.679 You can find the deck supplementing this call, as well as our quarterly statement on 00:00:16.679 -- 00:00:22.068 our investor relations website. During this call, we will make forward-looking statements, 00:00:22.068 -- 00:00:26.390 which are predictions, projections, or other statements about future events. 00:00:26.390 -- 00:00:30.557 These statements are based on current expectations and assumptions that are subject to 00:00:30.557 -- 00:00:35.887 risk and uncertainties that could cause actual results and outcome to differ materially. 00:00:35.887 -- 00:00:40.475 Additional information regarding these risk and uncertainties may be found in our filings 00:00:40.475 -- 00:00:45.583 with the SEC, including but not limited to the risk factor section of our 00:00:45.583 -- 00:00:49.607 annual report on Form 20F for 2024. 00:00:49.998 -- 00:00:55.169 Unless otherwise stated, all numbers on this call are non-IFRS, and growth rates 00:00:55.169 -- 00:00:58.215 and percentage point changes are non-IFRS, 00:00:58.215 -- 00:01:00.760 year-on-year at constant currencies. 00:01:00.760 -- 00:01:05.671 The non-IFRS financial measures we provide should not be considered as a substitute for 00:01:05.671 -- 00:01:11.142 or superior to the measures of financial performance prepared in accordance with IFRS. 00:01:11.142 -- 00:01:16.131 Before we begin, I'd like to call your attention to our upcoming financial analyst conference, 00:01:16.131 -- 00:01:21.841 which will take plac...