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For Immediate Release
October 27, 2010

SAP Reports 20% Growth in Software and Software-Related Service
Revenues for the Third Quarter

13% Growth in Non-IFRS Software and Software-Related Service Revenues
at Constant Currencies

Company Reaffirms Full-Year 2010 Outlook

WALLDORF — October 27, 2010 — SAP AG (NYSE: SAP) today announced its preliminary financial results for the third quarter ended September 30, 2010.

FINANCIAL HIGHLIGHTS — Third Quarter 2010


	Third Quarter 2010¹⁾
	IFRS						Non-IFRS²⁾
													% change
											%		const.
€ million, unless otherwise stated	Q3 2010		Q3 2009		% change		Q3 2010		Q3 2009		change		curr.³⁾
Software revenue		656		525		25%		656		525		25%		15%
Software and software-related service revenue		2,316		1,937		20%		2,352		1,937		21%		13%
Total revenue		3,003		2,508		20%		3,039		2,508		21%		13%
Total operating expenses		-2,287		-1,889		21%		-2,157		-1,821		18%		11%
- thereof restructuring		2		-10		<-100%		-1		-11		-91%
Operating profit		716		619		16%		883		687		29%		16%
Operating margin (%)		23.8		24.7	-0.9pp			29.1		27.4	1.7pp		0.8pp
Profit after tax		501		447		12%		605		499		21%
Basic earnings per share (€)		0.42		0.38		11%		0.51		0.42		21%


1)		All figures are preliminary and unaudited.

2)		Adjustments in the revenue line items are for the support revenue that would have been recognized had the acquired entities 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 and discontinued activities.

3)		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’s Non-IFRS constant currency numbers with the Non-IFRS number of the previous year’s respective period.

Third quarter and year to date 2010 revenue, profit and cash flow figures include the revenue, profits and cash flows from Sybase for the period since the acquisition (July 26, 2010). The comparative prior year numbers do not include any Sybase revenues, profits or cash flows.

2 SAP REPORTS THIRD QUARTER 2010 RESULTS

Revenues — Third Quarter 2010

§		IFRS software and software-related service revenues were €2.32 billion (2009: €1.94 billion), an increase of 20%. Non-IFRS software and software-related service revenues were €2.35 billion (2009: €1.94 billion), an increase of 21% (13% at constant currencies).

§		Excluding the contribution from Sybase, SAP’s business contributed 15 percentage points to the growth of our IFRS and Non-IFRS software and software related service revenues (7 percentage points at constant currencies).

§		IFRS software revenues were €656 million (2009: €525 million), an increase of 25% (15% at constant currencies).

§		IFRS total revenues were €3.00 billion (2009: €2.51 billion), an increase of 20%. Non-IFRS total revenues were €3.04 billion (2009: €2.51 billion), an increase of 21% (13% at constant currencies)

Third quarter 2010 Non-IFRS revenue figures exclude a deferred support revenue write-down from acquisitions of €36 million.

Income — Third Quarter 2010

§		IFRS operating profit was €716 million (2009: €619 million), an increase of 16%. Non-IFRS operating profit was €883 million (2009: €687 million), an increase of 29% (16% at constant currencies). In the third quarter of 2009, the IFRS and Non-IFRS operating profit was impacted by restructuring charges of €10 million and €11 million, respectively, resulting from a reduction of positions. In contrast, restructuring charges were not material in the third quarter of 2010.

§		IFRS operating margin was 23.8% (2009: 24.7%), a decrease of 0.9 percentage points. Non-IFRS operating margin was 29.1% (2009: 27.4%), or 28.2% at constant currencies, an increase of 1.7 percentage points (0.8 percentage points at constant currencies). In contrast to the respective quarter in 2009, the third quarter of 2010 was not materially impacted by restructuring expenses which had, in the third quarter of 2009, negatively impacted the IFRS and Non-IFRS operating margin by 0.4 percentage points.

§		IFRS profit after tax was €501 million (2009: €447 million), an increase of 12%. Non-IFRS profit after tax was €605 million (2009: €499 million), an increase of 21%. IFRS basic earnings per share were €0.42 (2009: €0.38), an increase of 11%. Non-IFRS basic earnings per share were €0.51 (2009: €0.42), an increase of 21%. The impact, net of tax, of the restructuring expenses incurred in the third quarter 2009 on the third quarter 2009

SAP REPORTS THIRD QUARTER 2010 RESULTS 3

IFRS and Non-IFRS basic earnings per share was not material. The IFRS effective tax rate in the third quarter of 2010 was 27.3% (2009: 20.5%).

Third quarter 2010 Non-IFRS operating profit excludes a deferred support revenue write-down from acquisitions of €36 million plus acquisition-related charges and discontinued activities totaling €131 million (2009: €68 million). Third quarter 2010 Non-IFRS profit after tax and Non-IFRS basic earnings per share exclude a deferred support revenue write-down from acquisitions of €24 million plus acquisition-related charges and discontinued activities totaling €80 million net of tax (2009: €52 million). The excluded amounts from discontinued activities result from an increase from $100 million to $160 million in the provision related to our discontinued TomorrowNow activities.

“We are pleased to report double-digit growth in software and software related service revenue and the contribution of Sybase,” said Werner Brandt, CFO of SAP AG. “All of the regions reported growth in the third quarter, with particular strength in the U.S. and the emerging markets of Asia, Europe and Latin America. We saw a good mix of revenues among small, midsized and large enterprises, and we had an increase in deal volume. On the product side, Business Analytics remains a top priority among our customers and continues to be a principal growth driver.”

“We were already delivering our solutions on premise and on demand. With the acquisition of Sybase, we now have the most complete and heterogeneous mobile platform in the industry and with it the added ability to deliver our solutions on device as well,” said Bill McDermott, Co-CEO of SAP. “As customers continue to reengage, seeking opportunities to grow their businesses and differentiate themselves from their competitors, we are able to help them be best run businesses with our unique strategy to deliver a full suite of enterprise software and next generation business intelligence on any device at any time.”

“The experience we have gained with our more than 100,000 customers over many years tells us that they want choice, openness and innovation from their technology partners,” said Jim Hagemann Snabe, Co-CEO of SAP. “The opposite seems to be happening as more technology companies want to lock in their customers to a single vendor on one proprietary technology stack. This has made our business even more important to our customers because at SAP we provide choice, innovation, co-innovation, a completely open platform and the resources of a vast ecosystem of partners, with whom we continue to forge even stronger relationships. Our in-memory High-Performance Analytic Appliance called SAP HANA is a prime example of cutting edge technology delivered through co-innovation with partners.”

4 SAP REPORTS THIRD QUARTER 2010 RESULTS

FINANCIAL HIGHLIGHTS — Nine Months 2010


	Nine Months 2010¹⁾
	IFRS						Non-IFRS²⁾
													% change
											%		const.
€ million, unless otherwise stated	9M 2010		9M 2009		% change		9M 2010		9M 2009		change		curr.³⁾
Software revenue		1,757		1,487		18%		1,757		1,487		18%		9%
Software and software-related service revenue		6,521		5,632		16%		6,557		5,643		16%		10%
Total revenue		8,406		7,482		12%		8,442		7,493		13%		7%
Total operating expenses		-6,359		-5,915		8%		-6,108		-5,700		7%		3%
- thereof restructuring		1		-193		<-100%		-2		-188		-99%
Operating profit		2,047		1,567		31%		2,334		1,792		30%		19%
Operating margin (%)		24.4		20.9	3.5pp			27.6		23.9	3.7pp		2.7pp
Profit after tax		1,379		1,069		29%		1,591		1,239		28%
Basic earnings per share (€)		1.16		0.90		29%		1.34		1.04		29%


1)		All figures are preliminary and unaudited.

2)		Adjustments in the revenue line items are for the support revenue that would have been recognized had the acquired entities 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 and discontinued activities.

3)		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’s Non-IFRS constant currency numbers with the Non-IFRS number of the previous year’s respective period.

Revenues — Nine Months 2010

§		IFRS software and software-related service revenues were €6.52 billion (2009: €5.63 billion), an increase of 16%. Non-IFRS software and software-related service revenues were €6.56 billion (2009: €5.64 billion), an increase of 16% (10% at constant currencies).

§		Excluding the contribution from Sybase, SAP’s business contributed 14 percentage points to the growth of our IFRS and Non-IFRS software and software related service revenues (8 percentage points at constant currencies).

§		IFRS software revenues were €1.76 billion (2009: €1.49 billion), an increase of 18% (9% at constant currencies).

§		IFRS total revenues were €8.41 billion (2009: €7.48 billion), an increase of 12%. Non-IFRS total revenues were €8.44 billion (2009: €7.49 billion), an increase of 13% (7% at constant currencies).

Nine months 2010 Non-IFRS revenue figures exclude a deferred support revenue write-down from acquisitions of €36 million (2009: €11 million).

SAP REPORTS THIRD QUARTER 2010 RESULTS 5

Income — Nine Months 2010

§		IFRS operating profit was €2.05 billion (2009: €1.57 billion), an increase of 31%. Non-IFRS operating profit was €2.33 billion (2009: €1.79 billion), an increase of 30% (19% at constant currencies). In the first nine months of 2009, the IFRS and Non-IFRS operating profit was impacted by restructuring charges of €193 million and €188 million, respectively, resulting from a reduction of positions. In contrast, restructuring charges were not material in the 2010 nine month period.

§		IFRS operating margin was 24.4% (2009: 20.9%), an increase of 3.5 percentage points. Non-IFRS operating margin was 27.6% (2009: 23.9%), or 26.6% at constant currencies, an increase of 3.7 percentage points (2.7 percentage points at constant currencies). In contrast to the respective first nine months of 2009, the first nine months of 2010 were not materially impacted by restructuring expenses which had, in the first nine months of 2009, negatively impacted the IFRS and Non-IFRS operating margin by 2.6 percentage points and 2.5 percentage points, respectively. However, severance expenses of €45 million (2009: €11 million) and unused lease space expenses of €8 million (2009: €5 million) negatively impacted the IFRS and Non-IFRS operating margin by 0.6 percentage points (2009: 0.2 percentage points).

§		IFRS profit after tax was €1.38 billion (2009: €1.07 billion), an increase of 29%. Non-IFRS profit after tax was €1.59 billion (2009: €1.24 billion), an increase of 28%. IFRS basic earnings per share were €1.16 (2009: €0.90), an increase of 29%. Non-IFRS basic earnings per share were €1.34 (2009: €1.04), an increase of 29%. The impact, net of tax, of the severance and unused lease space expenses incurred in the first nine months of 2010 on the first nine months 2010 IFRS and Non-IFRS basic earnings per share was €0.03 (2009: €0.01). The impact, net of tax, of the restructuring expenses incurred in the first nine months of 2009 on the first nine months 2009 IFRS and Non-IFRS basic earnings per share was €0.11. The IFRS effective tax rate in the first nine months 2010 was 26.9% (2009: 26.0%).

First nine months 2010 Non-IFRS operating profit excludes a deferred support revenue write-down from acquisitions of €36 million (2009: €11 million) plus acquisition-related charges and discontinued activities totaling €251 million (2009: €215 million). First nine months 2010 Non-IFRS profit after tax and Non-IFRS basic earnings per share exclude a deferred support revenue write-down from acquisitions of €24 million (2009: €7 million) plus acquisition-related charges and discontinued activities totaling €188 million net of tax (2009: €163 million). The excluded amounts from discontinued activities result from an increase from $100 million to $160 million in the provision related to our discontinued TomorrowNow activities.

6 SAP REPORTS THIRD QUARTER 2010 RESULTS

Cash Flow — Nine Months 2010

Operating cash flow for the nine months 2010 exceeded €2 billion (2009: €2.36 billion). The year-over-year decrease in operating cash flow was mainly the result of a significant increase in payments in 2009 that were delayed from the end of 2008 resulting from the onset of the financial crisis. In 2010, however, the timing of the cash inflows from customers returned to normal.

Free cash flow was €1.86 billion (2009: €2.19 billion), a decrease of 15%. Free cash flow was 22% of total revenues (2009: 29%). At September 30, 2010, SAP had a total group liquidity of €2.83 billion (December 31, 2009: €2.28 billion), which includes cash and cash equivalents and short term investments. Net liquidity at September 30, 2010 was -€1.64 billion, which included €4.47 billion of debt, of which €2.20 billion resulted from the proceeds of two successful bond transactions. These debt offerings were very well-received in the market.

Business Outlook

SAP is providing the following outlook for the full-year 2010, which is unchanged from the previous outlook.

	§		The Company expects full-year 2010 Non-IFRS software and software-related service revenue to increase in a range of 9% — 11% at constant currencies (2009: €8.2 billion). SAP’s business, excluding the contribution from Sybase, is expected to contribute 6 — 8 percentage points to this growth.

	§		The Company expects the full-year 2010 Non-IFRS operating margin to be in a range of 30% — 31% (2009: 27.4%) at constant currencies.

	§		The Company projects an effective tax rate of 27.5% — 28.5% (based on IFRS) for 2010 (2009: 28.1%).

Major Customer Wins

In the third quarter of 2010, SAP closed major contracts in key regions.

EMEA: SAP - ESKOM Holdings Limited, TNK-BP, Nedbank Group Limited, Standard Bank of South Africa Limited and Mercuria Energy Group Holding, Iberdrola and City of Johannesburg. Sybase - BNP Paribas, Commerzbank, Cogetech and Ericsson

SAP REPORTS THIRD QUARTER 2010 RESULTS 7

Americas: SAP — Fifth Third Processing Solutions, Intermec Technologies Corporation, Applied Industrial Technologies, Fossil, Marisol S.A., Indumotora Automotriz S.A., Hasbro, Inc. and American Express. Sybase - Banco Popular Dominicano, Rite Aid, GlobeOp Financial and Symphony Technology

Asia Pacific/Japan: SAP — Jiangsu Electric Power Corp., China Central Television, Chemical Company of Malaysia Berhad, Pacific Pipe Co., Ltd., Punjab State Power Corporation Ltd., Sharp Corporation and Eros International Media. Sybase - New Zealand Customs and NTT Data Group

SAP Business ByDesign — Anthesis, Frankfurter Fondsbank, Hangzhou Permanent Magnet Group, KunShan Taidah Chemical and RJT Compuquest.

Webcast / Supplementary Financial Information

SAP senior management will host a conference call today at 3:00 PM (CET) / 2:00 PM (UK) / 9:00 AM (Eastern) / 6:00 AM (Pacific). The conference call will be web cast live on the Company’s website at http://www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the quarterly results can be found at http://www.sap.com/investor.

SAP First Nine Months 2010 Interim Report

The First Nine Months 2010 Interim Report will be published on October 29, 2010, and will be available for download at http://www.sap.com/investor

About SAP

SAP is the world’s leading provider of enterprise application software, offering solutions that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 105,000 customers in over 120 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE, under the symbol “SAP.” For more information, visit www.sap.com.

# # #

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 Form 20-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.

Copyright ^© 2010 SAP AG. All rights reserved.
SAP, R/3, SAP NetWeaver, Duet, PartnerEdge, ByDesign, SAP BusinessObjects Explorer, and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and other countries. Business Objects and the Business Objects logo, BusinessObjects, Crystal Reports, Crystal Decisions, Web Intelligence, Xcelsius, and other Business Objects products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of Business Objects Software Ltd. in the United States and in other countries. Sybase and Adaptive Server Enterprise, iAnywhere, Sybase 365, SQL Anywhere and other Sybase products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of Sybase, Inc. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serves informational purposes only. National product specifications may vary.

Financial Statements (IFRS)

CONSOLIDATED INCOME STATEMENTS OF SAP GROUP

For the three months ended September 30


€ millions, unless otherwise stated	2010		2009		Change in %
Software revenue		656		525		25
Support revenue		1,559		1,333		17
Subscription and other software-related service revenue		101		79		28
Software and software-related service revenue		2,316		1,937		20
Consulting revenue		565		484		17
Other service revenue		122		87		40
Professional services and other service revenue		687		571		20
Total revenue		3,003		2,508		20

Cost of software and software-related services		-514		-414		24
Cost of professional services and other services		-530		-436		22
Research and development		-453		-382		19
Sales and marketing		-642		-515		25
General and administration		-157		-133		18
Restructuring		2		-10		<-100
Other operating income / expense, net		7		1		>100
Total operating expenses		-2,287		-1,889		21

Operating profit		716		619		16

Other non-operating income/expense, net		-13		-39		-67
Finance income		16		9		78
Finance costs		-35		-26		35
Other financial gains / losses, net		5		-1		<-100
Financial income, net		-14		-18		-22
Profit before tax		689		562		23
Income tax expense		-188		-115		63
Profit after tax		501		447		12
— Profit attributable to non-controlling interests		1		0		N/ A
— Profit attributable to owners of parent		500		447		12

Basic earnings per share, in €		0.42		0.38		12
Diluted earnings per share, in €		0.42		0.38		12


*		For the three months ended September 30, 2010 and 2009 the weighted average number of shares were 1,188 million (Diluted: 1,188 million) and 1,188 million (Diluted: 1,189 million), respectively (treasury stock excluded).

CONSOLIDATED INCOME STATEMENTS OF SAP GROUP
For the nine months ended September 30


€ millions, unless otherwise stated	2010		2009		Change in %
Software revenue		1,757		1,487		18
Support revenue		4,479		3,922		14
Subscription and other software-related service revenue		285		223		28
Software and software-related service revenue		6,521		5,632		16
Consulting revenue		1,572		1,554		1
Other service revenue		313		296		6
Professional services and other service revenue		1,885		1,850		2
Total revenue		8,406		7,482		12

Cost of software and software-related services		-1,328		-1,200		11
Cost of professional services and other services		-1,478		-1,423		4
Research and development		-1,242		-1,120		11
Sales and marketing		-1,858		-1,590		17
General and administration		-461		-395		17
Restructuring		1		-193		<-100
Other operating income/expense, net		7		6		17
Total operating expenses		-6,359		-5,915		8

Operating profit		2,047		1,567		31

Other non-operating income/expense, net		-136		-62		>100
Finance income		38		27		41
Finance costs		-67		-79		-15
Other financial gains/losses, net		4		-8		<-100
Financial income, net		-25		-60		-58
Profit before tax		1,886		1,445		31
Income tax expense		-507		-376		35
Profit after tax		1,379		1,069		29
— Profit attributable to non-controlling interests		2		1		100
— Profit attributable to owners of parent		1,377		1,068		29

Basic earnings per share, in €		1.16		0.90		29
Diluted earnings per share, in €		1.16		0.90		29


*		For the nine months ended September 30, 2010 and 2009 the weighted average number of shares were 1,188 million (Diluted: 1,189 million) and 1,188 million (Diluted: 1,189 million), respectively (treasury stock excluded).

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION OF SAP GROUP
as at September 30, 2010 and December 31, 2009

€ millions

2010

2009

Change in %

Assets

Cash and cash equivalents

2,828

1,884

Other financial assets

258

486

-47

Trade and other receivables

2,382

2,546

-6

Other non-financial assets

223

147

Tax assets

311

192

Total current assets

6,002

5,255

Goodwill

8,285

4,994

Intangible assets

2,400

894

>100

Property, plant, and equipment

1,415

1,371

Other financial assets

374

284

Trade and other receivables

Other non-financial assets

-11

Tax assets

120

Deferred tax assets

391

398

-2

Total non-current assets

13,084

8,119

Total assets

19,086

13,374

€ millions

2010

2009

Change in %

Equity and liabilities

Trade and other payables

766

638

Tax liabilities

136

125

Financial liabilities

238

146

Other non-financial liabilities

1,187

1,577

-25

Provisions

389

332

Deferred income

1,334

598

>100

Total current liabilities

4,050

3,416

Trade and other payables

Tax liabilities

359

239

Financial liabilities

4,422

729

>100

Other non-financial liabilities

Provisions

270

198

Deferred tax liabilities

605

190

>100

Deferred income

Total non-current liabilities

5,825

1,467

>100

Total liabilities

9,875

4,883

>100

Issued capital

1,227

1,226

Treasury shares

-1,391

-1,320

Share premium

333

317

Retained earnings

9,356

8,571

Other components of equity

-331

-317

Equity attributable to owners of parent

9,194

8,477

Non-controlling interests

Total equity

9,211

8,491

Equity and liabilities

19,086

13,374

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY OF SAP GROUP
For the nine months ended September 30


							Other Components of Equity
									Available-						Equity
									for-Sale						Attributable		Non-
	Issued		Share		Retained		Exchange		Financial		Cash Flow		Treasury		to Owners		Controlling		Total
€ millions	Capital		Premium		Earnings		Differences		Assets		Hedges		Shares		of Parent		Interests		Equity
January 1, 2009		1,226		320		7,423		-395		-1		-42		-1,362		7,169		2		7,171
Profit after tax						1,068										1,068		1		1,069
Other comprehensive income						3		53		1		25				82				82
Share-based compensation				-4												-4				-4
Dividends						-594										-594				-594
Treasury shares transactions				-5										36		31				31
Convertible bonds and stock options exercised				5												5				5
Other						1										1		10		11
September 30, 2009		1,226		316		7,901		-342				-17		-1,326		7,758		13		7,771

January 1, 2010		1,226		317		8,571		-319		13		-11		-1,320		8,477		14		8,491
Profit after tax						1,377										1,377		2		1,379
Other comprehensive income						2		-4		4		-14				-12				-12
Share-based compensation																0				0
Dividends						-594										-594				-594
Treasury shares transactions				-4										-157		-161				-161
Convertible bonds and stock options exercised		1		20										86		107				107
Other																0		1		1
September 30, 2010		1,227		333		9,356		-323		17		-25		-1,391		9,194		17		9,211

CONSOLIDATED STATEMENTS OF CASH FLOWS OF SAP GROUP
as at September 30


€ millions	2010		2009
Profit after tax		1,379		1,069
Adjustments to reconcile profit after taxes to net cash provided by operating activities:
Depreciation and amortization		370		375
Gains/losses on disposals of non-current assets		2		4
Gains/losses on disposals of financial assets		-7		0
Impairment loss on financial assets recognized in profit		0		8
Decrease/increase in sales and bad debt allowances on trade receivables		-9		91
Other adjustments for non-cash items		33		7
Deferred income taxes		13		-84
Decrease/increase in trade receivables		515		967
Decrease/increase in other assets		-350		16
Decrease/increase in trade payables, provisions and other liabilities		-437		-612
Decrease/increase in deferred income		553		521
Net cash flows from operating activities		2,062		2,362
Business combinations, net of cash and cash equivalents acquired		-4,184		-65
Purchase of intangible assets and property, plant, and equipment		-200		-169
Proceeds from sales of intangible assets or property, plant, and equipment		23		19
Purchase of equity or debt instruments of other entities		-687		-576
Proceeds from sales of equity or debt instruments of other entities		1,248		324
Net cash flows from investing activities		-3,800		-467
Dividends paid		-594		-594
Purchase of treasury shares		-220		0
Proceeds from reissuance of treasury shares		109		20
Proceeds from issuing shares (share-based compensation)		26		4
Proceeds from borrowings		5,019		697
Repayments of borrowings		-1,721		-902
Purchase of equity-based derivative instruments (hedge for cash-settled share-based payment plans)		-14		0
Proceeds from exercise of equity-based derivative financial instruments		4		4
Net cash flows from financing activities		2,609		-771
Effect of foreign exchange rates on cash and cash equivalents		73		10
Net decrease/increase in cash and cash equivalents		944		1,134
Cash and cash equivalents at the beginning of the period		1,884		1,280
Cash and cash equivalents at the end of the period		2,828		2,414

SUPPLEMENTARY FINANCIAL INFORMATION

RECONCILIATIONS FROM NON-IFRS NUMBERS TO IFRS NUMBERS

(Preliminary and unaudited)

The following tables present a reconciliation from our non-IFRS numbers (including our non-IFRS at constant currency numbers) to the respective most comparable IFRS numbers. Note: Our non-IFRS numbers are not prepared under a comprehensive set of accounting rules or principles.


	Three months ended September 30
	2010										2009						Change in %
									Non-IFRS												Non-IFRS
							Currency		constant												constant
€ millions, unless otherwise stated	IFRS		Adj.*		Non-IFRS*		impact**		currency**		IFRS		Adj.*		Non-IFRS*		IFRS		Non-IFRS*		currency**
Non-IFRS Revenue Numbers
Software revenue		656		0		656		-52		604		525		0		525		25		25		15
Support revenue		1,559		36		1,595		-109		1,486		1,333		0		1,333		17		20		11
Subscription and other software-related service revenue		101		0		101		-6		95		79		0		79		28		28		20
Software and software-related service revenue		2,316		36		2,352		-167		2,185		1,937		0		1,937		20		21		13
- thereof SAP excluding Sybase		2,228		0		2,228		-158		2,070		1,937		0		1,937		15		15		7
Consulting revenue		565		0		565		-40		525		484		0		484		17		17		8
Other service revenue		122		0		122		-8		114		87		0		87		40		40		31
Professional services and other service revenue		687		0		687		-48		639		571		0		571		20		20		12
Total revenue		3,003		36		3,039		-215		2,824		2,508		0		2,508		20		21		13

Non-IFRS Operating Expense Numbers
Cost of software and software-related services		-514		100		-414						-414		48		-366		24		13
Cost of professional services and other services		-530		3		-527						-436		1		-435		22		21
Research and development		-453		1		-452						-382		1		-381		19		19
Sales and marketing		-642		24		-618						-515		18		-497		25		24
General and administration		-157		5		-152						-133		2		-131		18		16
Restructuring		2		-3		-1						-10		-1		-11		<-100		-91
Other operating income/ expense, net		7		0		7						1		-1		0		>100		N/A
Total operating expenses		-2,287		131		-2,157		130		-2,027		-1,889		68		-1,821		21		18		11

Non-IFRS Profit Numbers
Operating profit		716		167		883		-86		797		619		68		687		16		29		16
Other non-operating income/ expense, net		-13		-8		-21						-39		0		-39		-67		-46
Finance income		16		0		16						9		0		9		78		78
Finance costs		-35		0		-35						-26		0		-26		35		35
Other financial gains/ losses, net		5		0		5						-1		0		-1		<-100		<-100
Financial income, net		-14		0		-14						-18		0		-18		-22		-22
Profit before tax		689		159		848						562		68		630		23		35
Income tax expense		-188		-55		-243						-115		-16		-131		63		85
Profit after tax		501		104		605						447		52		499		12		21
Profit attributable to non-controlling interests		1		0		1						0		0		0		N/A		N/A
Profit attributable to owners of parent		500		104		604						447		52		499		12		21
Non-IFRS Key Ratios
Operating margin in %		23.8				29.1				28.2		24.7				27.4	-0.9pp		1.7pp		0.8pp

Effective tax rate in %		27.3				28.7						20.5				20.8	6.8pp		7.9pp
Basic earnings per share, in €		0.42				0.51						0.38				0.42		11		21


	Nine months ended September 30
	2010										2009						Change in %
									Non-IFRS												Non-IFRS
							Currency		constant												constant
€ millions, unless otherwise stated	IFRS		Adj.*		Non-IFRS*		impact**		currency**		IFRS		Adj.*		Non-IFRS*		IFRS		Non-IFRS*		currency**
Non-IFRS Revenue Numbers
Software revenue		1,757		0		1,757		-133		1,624		1,487		0		1,487		18		18		9
Support revenue		4,479		36		4,515		-207		4,308		3,922		11		3,933		14		15		10
Subscription and other software-related service revenue		285		0		285		-8		277		223		0		223		28		28		24
Software and software-related service revenue		6,521		36		6,557		-349		6,208		5,632		11		5,643		16		16		10
- thereof SAP excluding Sybase		6,433		0		6,433		-340		6,093		5,632		11		5,643		14		14		8
Consulting revenue		1,572		0		1,572		-81		1,491		1,554		0		1,554		1		1		-4
Other service revenue		313		0		313		-15		298		296		0		296		6		6		1
Professional services and other service revenue		1,885		0		1,885		-96		1,789		1,850		0		1,850		2		2		-3
Total revenue		8,406		36		8,442		-444		7,998		7,482		11		7,493		12		13		7

Non-IFRS Operating Expense Numbers
Cost of software and software-related services		-1,328		181		-1,147						-1,200		147		-1,053		11		9
Cost of professional services and other services		-1,478		5		-1,473						-1,423		3		-1,420		4		4
Research and development		-1,242		4		-1,238						-1,120		3		-1,117		11		11
Sales and marketing		-1,858		51		-1,807						-1,590		55		-1,535		17		18
General and administration		-461		14		-447						-395		2		-393		17		14
Restructuring		1		-3		-2						-193		5		-188		<-100		-99
Other operating income/ expense, net		7		0		7						6		0		6		17		17
Total operating expenses		-6,359		251		-6,108		239		-5,869		-5,915		215		-5,700		8		7		3

Non-IFRS Profit Numbers
Operating profit		2,047		288		2,334		-205		2,129		1,567		226		1,792		31		30		19
Other non-operating income/ expense, net		-136		9		-127						-62		0		-62		>100		>100
Finance income		38		0		38						27		0		27		41		41
Finance costs		-67		0		-67						-79		0		-79		-15		-15
Other financial gains/ losses, net		4		0		4						-8		0		-8		<-100		<-100
Financial income, net		-25		0		-25						-60		0		-60		-58		-58
Profit before tax		1,886		297		2,183						1,445		226		1,671		31		31
Income tax expense		-507		-85		-592						-376		-56		-432		35		37
Profit after tax		1,379		212		1,591						1,069		170		1,239		29		28
Profit attributable to non-controlling interests		2		0		2						1		0		1		100		100
Profit attributable to owners of parent		1,377		212		1,589						1,068		170		1,238		29		28

Non-IFRS Key Ratios
Operating margin in %		24.4				27.6				26.6		20.9				23.9	3.5pp		3.7pp		2.7pp

Effective tax rate in %		26.9				27.1						26.0				25.9	0.9pp		1.2pp
Basic earnings per share, in €		1.16				1.34						0.90				1.04		29		29


*		Adjustments in the revenue line items are for support revenue 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 and discontinued activities. See Explanations of Non-IFRS Measures for details.

**		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’s non-IFRS constant currency numbers with the non-IFRS number of the previous year’s respective period.

Differences may exist due to rounding.

REVENUE BY REGION

(Preliminary and unaudited)

The following tables present our IFRS and non-IFRS revenue by region based on customer location. The tables also present a reconciliation from our non-IFRS revenue (including our non-IFRS revenue at constant currency) to the respective most comparable IFRS revenue. Note: Our non-IFRS revenues are not prepared under a comprehensive set of accounting rules or principles.


	Three months ended September 30
	2010										2009						Change in %
									Non-IFRS												Non-IFRS
							Currency		constant												constant
€ millions	IFRS		Adj.*		Non-IFRS*		impact**		currency**		IFRS		Adj.*		Non-IFRS*		IFRS		Non-IFRS*		currency**
Software revenue by region
EMEA		287		0		287		-11		276		254		0		254		13		13		9
Americas		253		0		253		-24		229		180		0		180		41		41		27
Asia Pacific Japan		116		0		116		-17		99		91		0		91		27		27		9
Software revenue		656		0		656		-52		604		525		0		525		25		25		15
Software and software-related service revenue by region
Germany		369		0		369		0		369		342		0		342		8		8		8
Rest of EMEA		788		10		798		-34		764		695		0		695		13		15		10
Total EMEA		1,158		10		1,167		-34		1,133		1,037		0		1,037		12		13		9
United States		606		21		627		-60		567		476		0		476		27		32		19
Rest of Americas		200		2		203		-18		185		167		0		167		20		22		11
Total Americas		806		24		830		-79		751		643		0		643		25		29		17
Japan		107		1		108		-19		89		89		0		89		20		21		0
Rest of Asia Pacific Japan		246		1		247		-36		211		168		0		168		46		47		26
Total Asia Pacific Japan		352		3		355		-55		300		257		0		257		37		38		17
Software and software-related service revenue		2,316		36		2,352		-167		2,185		1,937		0		1,937		20		21		13
Total revenue by region
Germany		521		0		521		0		521		481		0		481		8		8		8
Rest of EMEA		975		10		985		-42		943		858		0		858		14		15		10
Total EMEA		1,496		10		1,506		-42		1,464		1,339		0		1,339		12		12		9
United States		810		21		831		-81		750		628		0		628		29		32		19
Rest of Americas		268		2		271		-26		245		222		0		222		21		22		10
Total Americas		1,078		24		1,101		-106		995		850		0		850		27		30		17
Japan		125		1		127		-22		105		102		0		102		23		25		3
Rest of Asia Pacific Japan		304		1		305		-45		260		216		0		216		41		41		20
Total Asia Pacific Japan		429		3		432		-67		365		319		0		319		34		35		14
Total revenue		3,003		36		3,039		-215		2,824		2,508		0		2,508		20		21		13

F10


	Nine months ended September 30
	2010										2009						Change in %
									Non-IFRS												Non-IFRS
							Currency		constant												constant
€ millions	IFRS		Adj.*		Non-IFRS*		impact**		currency**		IFRS		Adj.*		Non-IFRS*		IFRS		Non-IFRS*		currency**
Software revenue by region
EMEA		747		0		747		-26		721		726		0		726		3		3		-1
Americas		694		0		694		-65		629		496		0		496		40		40		27
Asia Pacific Japan		317		0		317		-43		274		265		0		265		20		20		3
Software revenue		1,757		0		1,757		-133		1,624		1,487		0		1,487		18		18		9
Software and software-related service revenue by region
Germany		1,040		0		1,040		0		1,040		948		0		948		10		10		10
Rest of EMEA		2,197		10		2,207		-79		2,128		2,002		4		2,006		10		10		6
Total EMEA		3,237		10		3,246		-78		3,168		2,950		4		2,954		10		10		7
United States		1,693		21		1,714		-83		1,631		1,417		6		1,423		19		20		15
Rest of Americas		599		2		601		-63		538		479		0		479		25		25		12
Total Americas		2,292		24		2,315		-147		2,168		1,896		6		1,902		21		22		14
Japan		315		1		316		-32		284		292		0		292		8		8		-3
Rest of Asia Pacific Japan		678		1		679		-91		588		494		0		494		37		37		19
Total Asia Pacific Japan		993		3		996		-124		872		786		1		787		26		27		11
Software and software-related service revenue		6,521		36		6,557		-349		6,208		5,632		11		5,643		16		16		10
Total revenue by region
Germany		1,470		0		1,470		0		1,470		1,376		0		1,376		7		7		7
Rest of EMEA		2,718		10		2,728		-98		2,630		2,531		4		2,535		7		8		4
Total EMEA		4,189		10		4,199		-99		4,100		3,907		4		3,911		7		7		5
United States		2,231		21		2,253		-108		2,145		1,941		6		1,947		15		16		10
Rest of Americas		790		2		793		-88		705		647		0		647		22		23		9
Total Americas		3,021		24		3,045		-195		2,850		2,588		6		2,594		17		17		10
Japan		361		1		362		-37		325		348		0		348		4		4		-7
Rest of Asia Pacific Japan		835		1		836		-113		723		639		0		639		31		31		13
Total Asia Pacific Japan		1,196		3		1,198		-150		1,048		987		1		988		21		21		6
Total revenue		8,406		36		8,442		-444		7,998		7,482		11		7,493		12		13		7


*		Adjustments in the revenue line items are for support revenue 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. See Explanations of Non-IFRS Measures for details.

**		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’s non-IFRS constant currency numbers with the non-IFRS number of the previous year’s respective period.

Differences may exist due to rounding.

F11

SHARE-BASED COMPENSATION
(Preliminary and unaudited)


	Nine months ended September 30
€ millions	2010		2009		Change in %
Share-based compensation per expense line item
Cost of software and software-related services		4		5		-20
Cost of professional services and other services		9		10		-10
Research and development		19		20		-5
Sales and marketing		10		15		-33
General and administration		7		10		-30
Total share-based compensation		49		60		-18


Note: The share-based compensation expenses do not differ between SAP’s IFRS and non-IFRS measures.

Differences may exist due to rounding.

FREE CASH FLOW
(Preliminary and unaudited)

Nine months ended September 30

€ millions

2010

2009

Change in %

Net cash flows from operating activities

2,062

2,362

-13

Additions to non-current assets excluding additions from acquisitions

-200

-169

Free cash flow

1,862

2,193

-15

Differences may exist due to rounding.

DAYS SALES OUTSTANDING (DSO)
(Unaudited)

as at September 30, 2010 and December 31, 2009

2010

2009

Change in days

Days sales outstanding (DSO) in days*

-9


*		Day 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.

NUMBER OF EMPLOYEES (in Full-Time Equivalents)

September 30, 2010

September 30, 2009

Asia

Pacific

EMEA

Americas

Japan

Total

EMEA

Americas

Japan

Total

Software and software-related services

3,729

1,743

2,234

7,706

3,211

1,252

1,862

6,325

Professional services and other services

6,772

3,904

2,348

13,024

6,704

3,509

2,277

12,490

Research and development

8,511

3,156

4,108

15,775

8,554

2,525

3,809

14,888

Sales and marketing

4,547

4,148

2,163

10,858

4,222

3,560

1,763

9,545

General and administration

2,037

997

527

3,561

1,965

736

415

3,116

Infrastructure

1,134

594

269

1,997

873

395

178

1,446

SAP Group (September 30)

26,730

14,542

11,649

52,921

25,529

11,977

10,304

47,810

SAP Group (First nine months)

25,668

12,723

10,640

49,031

26,199

12,528

10,734

49,461

F12

MULTI-QUARTER SUMMARY
(IFRS and non-IFRS; preliminary and unaudited)

€ millions, unless otherwise stated

Q3/ 2010

Q2/ 2010

Q1/ 2010

Q4/ 2009

Q3/ 2009

Q2/ 2009

Q1/ 2009

Software revenue (IFRS)

656

637

464

1,120

525

543

418

Revenue adjustment*

Software revenue (non-IFRS)

656

637

464

1,120

525

543

418

Support revenue (IFRS)

1,559

1,526

1,394

1,364

1,333

1,337

1,252

Revenue adjustment*

Support revenue (non-IFRS)

1,595

1,526

1,394

1,364

1,333

1,337

1,263

Subscription and other software-related
service revenue (IFRS)

101

Revenue adjustment*

Subscription and other software-related service revenue (non-IFRS)

101

Software and software-related service revenue (IFRS)

2,316

2,258

1,947

2,566

1,937

1,953

1,741

Revenue adjustment*

Software and software-related service revenue (non-IFRS)

2,352

2,258

1,947

2,566

1,937

1,953

1,752

Total revenue (IFRS)

3,003

2,894

2,509

3,190

2,508

2,576

2,397

Revenue adjustment*

Total revenue (non-IFRS)

3,039

2,894

2,509

3,190

2,508

2,576

2,408

Operating profit (IFRS)

716

774

557

1,022

619

641

307

Revenue adjustment*

Expense adjustment*

131

113

Operating profit (non-IFRS)

883

840

612

1,134

687

710

396

Operating margin (IFRS)

23.8

26.7

22.2

32.0

24.7

24.9

12.8

Operating margin (non-IFRS)

29.1

29.0

24.4

35.5

27.4

27.6

16.4

Effective tax rate (IFRS)

27.3

27.4

25.7

31.1

20.5

28.5

31.7

Effective tax rate (non-IFRS)

28.7

26.8

25.3

30.5

21.0

28.1

30.1

Basic earnings per share, in € (IFRS)

0.42

0.41

0.33

0.57

0.38

0.36

0.17

Basic earnings per share, in € (non-IFRS)

0.51

0.46

0.37

0.64

0.42

0.40

0.22

Headcount**

52,921

48,021

47,598

47,584

47,810

48,567

49,922


*		Adjustments in the revenue line items are for support revenue 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 and discontinued activities. See Explanations of Non-IFRS Measures for details.

**		in full-time equivalents at quarter end

Differences may exist due to rounding.

F13

EXPLANATIONS OF NON-IFRS MEASURES

This document discloses certain financial measures, such as non-IFRS revenues, non-IFRS expenses, non-IFRS operating income, non-IFRS operating margin, non-IFRS net income, non-IFRS earnings per share, free cash flow as well as constant currency revenue and operating income measures that are not prepared in accordance with IFRS and are therefore considered non-IFRS financial measures. Our non-IFRS financial measures may not correspond to non-IFRS financial measures that other companies report. The non-IFRS financial measures that we report should be considered in addition to, and not as substitutes for or superior to, revenue, operating income, cash flows, or other measures of financial performance prepared in accordance with IFRS. Our non-IFRS financial measures included in this document are reconciled to the nearest IFRS measure in the tables on the pages F8 to F13 above.

We believe that the supplemental historical and prospective non-IFRS financial information presented here provides useful supplemental information to investors because it is the same information used by our management in running our business and making financial, strategic and operational decisions – in addition to financial data prepared in accordance with IFRS – to attain a more transparent understanding of our past performance and our future results. At the beginning of 2010 the non-IFRS measures as defined below replaced the Non GAAP measures which we used until the termination of our U.S. GAAP reporting. We use these non-IFRS measures consistently in our planning and forecasting, reporting, compensation and external communication. Specifically,

§		Our management primarily uses these non-IFRS measures rather than IFRS measures as the basis for making financial, strategic and operating decisions.

§		The variable remuneration components of our board members and employees are based on non-IFRS revenue and non-IFRS operating profit rather than the respective IFRS measures.

§		The annual budgeting process involving all management units is based on non-IFRS revenues and non-IFRS operating income numbers rather than IFRS numbers with costs such as share-based compensation and restructuring only being considered on coporate level.

§		All monthly forecast and performance reviews with all senior managers globally are based on these non-IFRS measures, rather than IFRS numbers.

§		Both, company-internal target setting and guidance provided to the capital markets are based on non-IFRS revenues and non-IFRS income measures rather than IFRS numbers.

We believe that our non-IFRS measures are useful to investors for the following reasons:

§		The non-IFRS measures provide investors with insight into management’s decision-making since management uses these non-IFRS measures to run our business and make financial, strategic and operating decisions.

§		The non-IFRS measures provide investors with additional information that enables a comparison of year-over-year operating performance by eliminating certain direct effects of acquisitions.

Our non-IFRS financial measures reflect adjustments based on the items below, as well as the related income tax effects:

Non-IFRS revenue:

Revenues in this document identified as non-IFRS revenue have been adjusted from the respective IFRS numbers by including the full amount of support revenue that would have been recorded by entities acquired by SAP had they remained stand-alone entities but which we are not permitted to record as revenue under IFRS due to fair value accounting for the support contracts in effect at the time of the respective acquisitions.

Under IFRS, we record at fair value the support contracts in effect at the time entities were acquired. Consequently, our IFRS support revenue, our IFRS software and software-related service revenue and our IFRS total revenue for periods subsequent to acquisitions do not reflect the full amount of support revenue that would have been recorded for these support contracts absent these acquisitions by SAP. Adjusting revenue numbers for this revenue impact (if significant) provides additional insight into the comparability across periods of our ongoing performance.

Non-IFRS operating expense:

Operating expense figures in this report that are identified as non-IFRS operating expense have been adjusted by excluding the following acquisition-related charges:

Acquisition related charges

	§		Amortization expense/impairment charges of intangibles acquired in business combinations and certain standalone acquisitions of intellectual property (including purchased in-process research and development)

	§		Restructuring expenses and settlements of pre-existing relationships incurred in connection with a business combination

	§		Acquisition-related third-party expenses

Discontinued Activities: Results of the discontinued operations that qualify as such under IFRS in all respects except that they do not represent a major line of business

Non-IFRS operating income, non-IFRS operating margin, non-IFRS net income and non-IFRS earnings per share:

Operating income, operating margin, net income and earnings per share in this document identified as non-IFRS operating income, non-IFRS operating

F14

margin, non-IFRS net income and non-IFRS earnings per share have been adjusted from the respective operating income, operating margin, net income and earnings per share numbers as recorded under IFRS by adjusting for the above mentioned non-IFRS revenues and non-IFRS expenses.

We exclude the acquisition related expense adjustments for the purpose of calculating non-IFRS operating income, non-IFRS operating margin, non-IFRS net income and non-IFRS earnings per share when evaluating the continuing operational performance of the Company because these expenses generally cannot be changed or influenced by management after the relevant acquisition other than by disposing of the acquired assets. Since management at levels below the Executive Board has no influence on these expenses we generally do not consider these expenses for the purpose of evaluating the performance of management units.

We include the revenue adjustements outlined above and exclude the expense adjustements when making decisions to allocate resources, both on a Company level and at lower levels of the organization. In addition, we use these non-IFRS measures to gain a better understanding of the Company’s comparative operating performance from period to period. We believe that our non-IFRS financial measures described above have limitations, which include but are not limited to the following:

§		The eliminated amounts may be material to us.

§		Without being analyzed in conjunction with the corresponding IFRS measures the non-IFRS measures are not indicative of our present and future performance, foremost for the following reasons:

	§		While our non-IFRS income numbers reflect the elimination of certain acquisition-related expenses, no eliminations are made for the additional revenues and other revenues that result from the acquisitions.

	§		The acquisition-related charges that we eliminate in deriving our non-IFRS income numbers are likely to recur should SAP enter into material business combinations in the future.

	§		The acquisition-related amortization expense that we eliminate in deriving our non-IFRS income numbers is a recurring expense that will impact our financial performance in future years.

	§		The revenue adjustment for the fair value accounting of the acquired entities’ support contracts and the expense adjustment for acquisition-related charges do not arise from a common conceptual basis. This is because the revenue adjustment aims to improve the comparability of the initial post-acquisition period with future post-acquisition periods while the expense adjustment aims to improve the comparability between post-acquisition periods and pre-acquisition periods. This should particularly be considered when evaluating our non-IFRS operating income and non-IFRS operating margin numbers as these combine our non-IFRS revenue and non-IFRS expenses despite the absence of a common conceptual basis.

Additionally, our non-IFRS measures have been adjusted from the respective IFRS numbers for the results of the discontinued operations that qualify as such under IFRS in all respects except that they do not represent a major line of business. We refer to these activities as “discontinued activities.” Under our U.S. GAAP which we provided until 2009, we presented the results of operations of the TomorrowNow entities as discontinued operations. Under IFRS, results of discontinued operations may only be presented as discontinued operations if a separate major line of business or geographical area of operations is discontinued. Our TomorrowNow operations were not a separate major line of business and thus did not qualify for separate presentation under IFRS. We believe that this additional non-IFRS adjustment to our IFRS numbers for the results of our discontinued TomorrrowNow activities is useful to investors for the following reasons:

§		Despite the migration from U.S. GAAP to IFRS, we will continue to internally treat the ceased TomorrowNow activities as discontinued activities and thus will continue to exclude potential future TomorrowNow results, which are expected to mainly comprise of expenses in connection with the Oracle lawsuit, from our internal management reporting, planning, forecasting, and compensation plans. Therefore, adjusting our non-IFRS measures for the results of the discontinued TomorrowNow activities provides insight into the financial measures that SAP uses internally.

§		By adjusting the non-IFRS numbers for the results from our discontinued TomorrowNow operations, the non-IFRS numbers are more comparable to the non-GAAP measures that SAP used through the end of 2009, which makes SAP’s performance measures before and after the full IFRS migration easier to compare.

We believe, however, that the presentation of the non-IFRS measures in conjunction with the corresponding IFRS measures as well as the relevant reconciliations, provides useful information to management and investors regarding present and future business trends relating to our financial condition and results of operations. We therefore do not evaluate our growth and performance without considering both non-IFRS measures and the relevant IFRS measures. We caution the readers of this document to follow a similar approach by considering our non-IFRS measures only in addition to, and not as a substitute for or superior to, revenues or other measures of our financial performance prepared in accordance with IFRS.

FREE CASH FLOW

We use our free cash flow measure to estimate the cash flow remaining after all expenditures required to maintain or expand the organic business have been paid off. This assists management with the supplemental information to assess our liquidity needs. We calculate free cash flow as net cash from operating activities minus additions to non-current assets, excluding additions from acquisitions. Free cash flow should be considered in addition to, and not as a substitute for or superior to, cash flow or other measures of liquidity and financial performance prepared in accordance with IFRS.

F15

CONSTANT CURRENCY PERIOD-OVER-PERIOD CHANGES

We believe it is important for investors to have information that provides insight into our sales. Revenue measures determined under IFRS provide information that is useful in this regard. However, both sales volume and currency effects impact period-over-period changes in sales revenue. We do not sell standardized units of products and services, so we cannot provide relevant information on sales volume by providing data on the changes in product and service units sold. To provide additional information that may be useful to investors in breaking down and evaluating changes in sales volume, we present information about our revenue and various values and components relating to operating income that are adjusted for foreign currency effects. We calculate constant currency year-over-year changes in revenue and operating income by translating foreign currencies using the average exchange rates from the previous year instead of the report year.

We believe that data on constant currency period-over-period changes have limitations, particularly as the currency effects that are eliminated constitute a significant element of our revenue and expenses and may severely impact our performance. We therefore limit our use of constant currency period-over-period changes to the analysis of changes in volume as one element of the full change in a financial measure. We do not evaluate our results and performance without considering both constant currency period-over-period changes in non-IFRS revenue and non-IFRS operating income on the one hand and changes in revenue, expenses, income, or other measures of financial performance prepared in accordance with IFRS on the other. We caution the readers of this document to follow a similar approach by considering data on constant currency period-over-period changes only in addition to, and not as a substitute for or superior to, changes in revenue, expenses, income, or other measures of financial performance prepared in accordance with IFRS.

F16


For more information, press only:
Christoph Liedtke	+49 (6227) 7-50383	christoph.liedtke@sap.com, CET
Guenter Gaugler	+49 (6227) 7-65416	guenter.gaugler@sap.com, CET
Jim Dever	+1 (610) 661-2161	james.dever@sap.com, ET
Lynn Ong	+65 6768 6439	lynn.ong@sap.com, SGT (GMT +8)

For more information, financial community only:
Stefan Gruber	+49 (6227) 7-44872	investor@sap.com, CET
Martin Cohen	+1 (212) 653-9619	investor@sap.com, ET


	Page

Financial Statements (IFRS)
Income Statements — Quarter		F1
Statements of Comprehensive Income — Quarter		F2
Income Statements — Nine Months		F3
Statements of Comprehensive Income — Nine Months		F4
Statements of Financial Position		F5
Statements of Changes in Equity		F6
Statements of Cash Flows		F7

Supplementary Financial Information
Reconciliations from Non-IFRS Numbers to IFRS Numbers	F8 to F9
Revenue by Region	F10 to F11
Share-Based Compensation		F12
Free Cash Flow		F12
Days Sales Outstanding(DSO)		F12
Number of Employees		F12
Multi-Quarter Summary		F13
Explanations of Non-IFRS Measures	F14 to F16


€ millions	2010		2009
Profit after tax		501		447
Gains (losses) on exchange differences on translation, before tax		-270		18
Reclassification adjustments on exchange differences on translation, before tax		11		0
Exchange differences on translation		-259		18
Gains (losses) on remeasuring available-for-sale financial assets, before tax		6		1
Reclassification adjustments on available-for-sale financial assets, before tax		0		0
Available-for-sale financial assets		6		1
Gains (losses) on cash flow hedges, before tax		6		-11
Reclassification adjustments on cash flow hedges, before tax		31		22
Cash flow hedges		37		11
Actuarial gains (losses) on defined benefit plans, before tax		7		3
Other comprehensive income before tax		-209		33
Income tax relating to components of other comprehensive income		-13		-5
Other comprehensive income after tax		-222		28
Total comprehensive income		279		475
— attributable to non-controlling interests		1		0
— attributable to owners of parent		278		475


€ millions	2010		2009
Profit after tax		1,379		1,069
Gains (losses) on exchange differences on translation, before tax		2		53
Reclassification adjustments on exchange differences on translation, before tax		-6		0
Exchange differences on translation		-4		53
Gains (losses) on remeasuring available-for-sale financial assets, before tax		5		2
Reclassification adjustments on available-for-sale financial assets, before tax		0		0
Available-for-sale financial assets		5		2
Gains (losses) on cash flow hedges, before tax		-66		-33
Reclassification adjustments on cash flow hedges, before tax		47		65
Cash flow hedges		-19		32
Actuarial gains (losses) on defined benefit plans, before tax		-3		5
Other comprehensive income before tax		-21		92
Income tax relating to components of other comprehensive income		9		-11
Other comprehensive income after tax		-12		81
Total comprehensive income		1,367		1,150
— attributable to non-controlling interests		2		1
— attributable to owners of parent		1,365		1,149