Exhibit 99.1

SAP Q2 2016 Quarterly Statement

Record-Setting Revenue and Profit

¡ Cloud and software revenue up 7% (IFRS) and up 11% (non-IFRS at constant currencies)

¡ Cloud revenue up 30% (IFRS) and up 33% (non-IFRS at constant currencies)

¡ Operating profit up 81% (IFRS) and up 11% (non-IFRS at constant currencies), while investing in fast growth areas

¡ S/4HANA is leading the digital transformation with more than 3,700 customers

¡ SAP confidently reiterates full year outlook

Cloud Subscriptions &		Share of	Total Revenue
Support Revenue		Predictable Revenue
in € millions		in percent	in € millions
IFRS	Non-IFRS	2016	IFRS	Non-IFRS
720	721	63%	5,237	5,239
+30%	+30% (+33% cc)	+1 p.p.	+5%	+5% (+9% cc)

  “Our groundbreaking new architecture is accelerating momentum across all businesses – cloud, core, and business networks. As a result, SAP delivered a unique trifecta of double digit growth in software, cloud and operating income. Our S/4HANA pipeline has never been stronger and we confidently reiterate our full year guidance.”   Bill McDermott, CEO     “We did what we said we would do – we delivered a strong Q2. I am proud how SAP is navigating ahead with extraordinary success across all business dimensions. Driven by our customer led innovation and our successful business transformation we outperformed the competition in top and bottom line growth.”   Luka Mucic, CFO  

Walldorf, Germany – July 20, 2016

SAP SE (NYSE: SAP) today announced its financial results for the second quarter and half year ended June 30, 2016.

Business Highlights

Financial Highlights

SAP had strong growth in the cloud. Second quarter IFRS cloud subscriptions and support revenue grew 30% year-over-year to €720 million. Non-IFRS cloud subscriptions and support revenue rose 30% year-over-year (33% at constant currencies) to €721 million. New cloud bookings¹ were up a solid 28% (31% at constant currencies) in the second quarter and reached €255 million.

The rapidly expanding cloud business together with solid growth in support revenue continued to drive the share of more predictable revenue. The total of cloud subscriptions & support revenue and software support revenue reached 63% of total revenue in the second quarter 2016, up 1 percentage point.

SAP is significantly outpacing its main competitor in cloud and software revenue. IFRS cloud and software revenue was €4.36 billion, an increase of 7%. Non-IFRS cloud and software revenue was €4.36 billion, an increase of 7% (11% at constant currencies).

IFRS operating profit was up 81% to €1.27 billion. Non-IFRS operating profit grew 9% to €1.52 billion (11% at constant currencies). IFRS earnings per share increased 73% to €0.68. Non-IFRS earnings per share increased 2% to €0.82.

For the six months ended June 30, operating cash flow was €2.92 billion (2015: €2.78 billion), an increase of 5% year-over-year, and free cash flow increased 1% year-over-year to €2.52 billion (2015: €2.50 billion).

SAP S/4HANA, SAP’s Next Generation Business Suite

SAP S/4HANA momentum remains strong as customers continue to embrace the benefits of running a live business on a massively simplified architecture. SAP added more than 500 SAP S/4HANA customers in the quarter, of which approximately 40% are net new SAP customers. Furthermore, with the SAP HANA Cloud Platform (HCP) and its vibrant ecosystem, customers can extend functionalities, build new applications and integrate across cloud and on-premise. In addition, SAP HANA Enterprise Cloud continues to offer customers a secure and fast option to migrate their mission-critical processes to the cloud. The Hershey Company (USA), the Targin Group (Russia), Cathay Pacific (Hong Kong) and Roy Hill Holdings Pty Ltd. (Australia) selected SAP S/4HANA in the second quarter.

Human Capital Management

SAP continues to gain traction with its cloud-based Human Capital Management solutions. SAP delivers total workforce management solutions globally, which embed intelligent services to automate processes. The customer count for SAP SuccessFactors Employee Central, which is the core of our Human Capital Management offerings, exceeded 1,250 at the end of the second quarter.

Customer Engagement and Commerce

SAP seamlessly combines customer engagement and commerce (CEC) for an increasingly omni-channel world. Our hybris solution serves both B2C and B2B across a wide range of industries, including retail, telco, financial services, public sector, and manufacturing. SAP is unique because it also enables businesses to connect the front and back office in real-time and fulfill ecommerce in one end-to-end value chain. CEC saw strong double-digit growth across its on-premise and cloud offerings in the second quarter.

Business Networks

SAP is helping customers of all sizes embrace an increasingly interdependent world. Each of SAP’s business network solutions connects a large ecosystem of customers, suppliers and partners. These network solutions are highly synergistic to SAP’s other offerings.

Cloud subscriptions and support revenue in the SAP Business Network segment was up 21% at constant currencies in the second quarter. Cloud gross margin in the segment was 76%, up 1 percentage point.

Approximately 2.2 million connected companies trade over $820 billion of commerce² on the Ariba network, more than 42 million end users process travel and expenses effortlessly with Concur and customers managed over 2.6 million flexible workers in approximately 130 countries with the Fieldglass platform over the past 12 months.

¹ New cloud bookings consist of order entry of a given period that is expected to be classified as cloud subscriptions and support revenue and results from purchases by new customers and from incremental purchases by existing customers. Consequently, orders to renew existing contracts are not included. The order amount must be committed. Consequently, due to their pay-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.

² Network spend volume is the total value of purchase orders transacted on the Ariba Network in the trailing 12 months.

SAP Q2 2016 Quarterly Statement 2

Regional Performance

The Company had a strong performance in the EMEA region, successfully navigating through the post UK referendum uncertainty, with an increase in cloud and software revenue of 7% (IFRS) and 11% (non-IFRS at constant currencies). Cloud subscriptions and support revenue grew 38% (IFRS) and 41% (non-IFRS at constant currencies). In EMEA, SAP had strong double-digit software licenses revenue growth in France, the Netherlands, Switzerland, across Southern Europe and again a solid performance in Germany. Russia and Germany had very strong double-digit growth in cloud subscriptions and support revenue.

In the Americas region, the Company grew cloud and software revenue by 8% (IFRS) and 11% (non-IFRS at constant currencies) and cloud subscriptions and support revenue by 26% (IFRS) and 29% (non-IFRS at constant currencies). North America delivered a solid second quarter and is back on track with its half year performance. In Latin America, the political and macroeconomic instability continued. However, SAP had strong double-digit growth in software licenses revenue in Brazil and Mexico.

In the APJ region cloud and software revenue was up 7% (IFRS) and 9% (non-IFRS at constant currencies), with cloud subscriptions and support revenue growing by 44% (IFRS) and 47% (non-IFRS at constant currencies). In APJ, SAP had strong double-digit software licenses revenue growth in China and India, whereas Japan had almost triple-digit growth. All three countries also had double-digit growth in cloud subscriptions and support revenue for the quarter.

Financial Results at a Glance

Second Quarter 20161)
	IFRS						Non-IFRS2)
€ million, unless otherwise stated	Q2 2016		Q2 2015		D in %		Q2 2016		Q2 2015		D in %		D in % const. curr.
New Cloud Bookings3)		N/A		N/A		N/A		255		199		28		N/A
Cloud subscriptions and support		720		552		30		721		555		30		33
Software licenses and support		3,639		3,510		4		3,640		3,510		4		7
Cloud and software		4,359		4,062		7		4,361		4,065		7		11
Total revenue		5,237		4,970		5		5,239		4,972		5		9
Share of predictable revenue (in %)		63		62		1pp		63		62		1pp
Operating profit		1,269		701		81		1,516		1,394		9		11
Profit after tax		813		469		73		979		960		2
Basic earnings per share (€)		0.68		0.39		73		0.82		0.80		2
Number of employees (FTE)		79,962		74,497		7		N/A		N/A		N/A		N/A

Six Months 20161)
	IFRS						Non-IFRS2)
€ million, unless otherwise stated	Q1–Q2 2016		Q1–Q2 2015		D in %		Q1–Q2 2016		Q1–Q2 2015		D in %		D in % const. curr.
New Cloud Bookings3)		N/A		N/A		N/A		400		316		26		N/A
Cloud subscriptions and support		1,397		1,056		32		1,399		1,063		32		33
Software licenses and support		6,811		6,660		2		6,813		6,660		2		4
Cloud and software		8,208		7,715		6		8,212		7,723		6		8
Total revenue		9,964		9,467		5		9,967		9,475		5		7
Share of predictable revenue (in %)		66		64		2pp		66		64		2pp
Operating profit		2,082		1,339		56		2,620		2,451		7		8
Profit after tax		1,382		882		57		1,742		1,657		5
Basic earnings per share (€)		1.16		0.74		57		1.46		1.39		5
Number of employees (FTE)		79,962		74,497		7		N/A		N/A		N/A		N/A

SAP Q2 2016 Quarterly Statement 3

¹⁾ All figures are unaudited.

²⁾ For a detailed description of SAP’s non-IFRS measures see Explanation of Non-IFRS Measures online. For a breakdown of the individual adjustments see page F7 in this Quarterly Statement.

³⁾ As this is an order entry metric, there are no Non-IFRS adjustments.

SAP Q2 2016 Quarterly Statement 4

Business Outlook 2016

The Company reiterates the following 2016 outlook based on the solid execution in the first half and a strong pipeline across all regions led by S/4HANA’s once in a generation innovation cycle:

– Based on the continued strong momentum in SAP’s cloud business the Company expects full year 2016 non-IFRS cloud subscriptions and support revenue to be in a range of €2.95 - €3.05 billion at constant currencies (2015: €2.30 billion). The upper end of this range represents a growth rate of 33% at constant currencies.

– The Company expects full year 2016 non-IFRS cloud and software revenue to increase by 6% - 8% at constant currencies (2015: €17.23 billion).

– The Company expects full-year 2016 non-IFRS operating profit to be in a range of €6.4 billion - €6.7 billion at constant currencies (2015: €6.35 billion).

While the Company’s full-year 2016 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 end of June 2016 levels for the rest of the year, the Company expects its non-IFRS cloud and software revenue growth rate as well as its non-IFRS operating profit growth rate to experience a currency impact in a range of -1 to +1 percentage points for the third quarter 2016 (-2 to 0 percentage points for the full year 2016).

Additional Information

General Remarks About this Quarterly Statement

In the past, SAP’s quarterly earnings reporting consisted of an earnings press release with condensed financial information and an interim report. This quarterly statement replaces both of these documents and includes all relevant information of both of these documents. Going forward, 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 as before.

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

Webcast

SAP earnings conference call for financial analysts will take place on Wednesday, July 20th at 2:00 PM (CEST) / 1:00 PM (GMT) / 8:00 AM (EDT) / 5:00 AM (PDT). The conference call will be web cast live on the Company’s website at www.sap.com/investor and will be available for replay.

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 320,000 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:	+49 180 534-34-24
United States Only:	+1 (800) 872-1SAP (+1-800-872-1727)

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SAP Q2 2016 Quarterly Statement 5

Financial and Non-Financial Key Facts

€ millions, unless otherwise stated	Q1 2015		Q2 2015		Q3 2015		Q4 2015		TY 2015		Q1 2016		Q2 2016
Revenues
Cloud subscriptions and support (IFRS)		503		552		599		631		2,286		677		720
Cloud subscriptions and support (non-IFRS)		509		555		600		632		2,296		678		721
% change – yoy		131		129		116		76		109		33		30
% change constant currency – yoy		95		92		90		60		82		33		33
Software licenses (IFRS)		696		979		1,014		2,146		4,835		609		1,040
Software licenses (non-IFRS)		696		979		1,015		2,146		4,836		609		1,042
% change – yoy		12		2		7		15		10		–13		6
% change constant currency – yoy		1		–7		4		11		4		–10		10
Software support (IFRS)		2,454		2,531		2,509		2,600		10,093		2,564		2,598
Software support (non-IFRS)		2,454		2,531		2,509		2,600		10,094		2,564		2,598
% change – yoy		17		17		12		11		14		5		3
% change constant currency – yoy		7		7		6		6		7		5		6
Software licenses and support (IFRS)		3,150		3,510		3,523		4,745		14,928		3,172		3,639
Software licenses and support (non-IFRS)		3,150		3,510		3,524		4,745		14,930		3,173		3,640
% change – yoy		16		13		11		13		13		1		4
% change constant currency – yoy		5		3		6		9		6		2		7
Cloud and software (IFRS)		3,653		4,062		4,122		5,377		17,214		3,850		4,359
Cloud and software (non-IFRS)		3,659		4,065		4,124		5,378		17,226		3,851		4,361
% change – yoy		24		21		19		18		20		5		7
% change constant currency – yoy		12		9		12		13		12		6		11
Total revenue (IFRS)		4,497		4,970		4,985		6,342		20,793		4,727		5,237
Total revenue (non-IFRS)		4,502		4,972		4,987		6,343		20,805		4,728		5,239
% change – yoy		22		20		17		16		18		5		5
% change constant currency – yoy		10		8		10		11		10		6		9
Share of predictable revenue (IFRS, in %)		66		62		62		51		60		69		63
Share of predictable revenue (non-IFRS, in %)		66		62		62		51		60		69		63
Profits
Operating profit (IFRS)		638		701		1,214		1,700		4,252		813		1,269
Operating profit (non-IFRS)		1,056		1,394		1,616		2,282		6,348		1,104		1,516
% change		15		13		19		7		13		5		9
% change constant currency		–2		1		15		3		5		4		11
Profit after tax (IFRS)		413		469		895		1,278		3,056		570		813
Profit after tax (non-IFRS)		697		960		1,173		1,670		4,501		763		979
% change		5		2		16		6		8		9		2
Margins
Cloud subscriptions and support gross margin (IFRS, in %)		55.3		56.5		57.9		51.8		55.3		57.5		57.0
Cloud subscriptions and support gross margin (non-IFRS, in %)		65.1		65.7		68.8		63.0		65.6		66.3		65.2
Software and support gross margin (IFRS, in %)		82.8		84.0		85.0		86.1		84.7		84.2		86.1
Software and support gross margin (non-IFRS, in %)		85.1		86.1		86.7		87.7		86.6		85.9		87.4
Cloud and software gross margin (IFRS, in %)		79.0		80.3		81.1		82.1		80.8		79.5		81.3
Cloud and software gross margin (non-IFRS, in %)		82.3		83.3		84.1		84.8		83.8		82.4		83.7
Gross margin (IFRS, in %)		66.8		69.0		70.7		72.4		70.0		67.0		70.4
Gross margin (non-IFRS, in %)		70.6		72.4		73.6		75.6		73.3		69.7		72.7
Operating margin (IFRS, in %)		14.2		14.1		24.3		26.8		20.5		17.2		24.2
Operating margin (non-IFRS, in %)		23.5		28.0		32.4		36.0		30.5		23.4		28.9

SAP Q2 2016 Quarterly Statement 6

€ millions, unless otherwise stated	Q1 2015		Q2 2015		Q3 2015		Q4 2015		TY 2015		Q1 2016		Q2 2016
AT&S Segment1) – Cloud subscriptions and support gross margin (in %)		50		51		56		51		52		54		52
AT&S Segment1) – Gross margin (in %)		71		73		74		77		74		70		73
AT&S Segment1) – Segment margin (in %)		34		39		43		46		41		34		40
SAP BN Segment2) – Cloud subscriptions and support gross margin (in %)		75		75		77		72		75		75		76
SAP BN Segment2) – Gross margin (in %)		68		68		71		65		68		67		68
SAP BN Segment2) – Segment margin (in %)		18		16		24		20		19		16		18
Key Profit Ratios
Effective tax rate (IFRS, in %)		13.6		26.4		27.1		22.4		23.4		23.3		28.9
Effective tax rate (non-IFRS, in %)		22.3		27.8		28.0		25.1		26.1		26.2		29.6
Earnings per share, basic (IFRS, in €)		0.35		0.39		0.75		1.07		2.56		0.48		0.68
Earnings per share, basic (non-IFRS, in €)		0.58		0.80		0.98		1.40		3.77		0.64		0.82
Order Entry
New Cloud Bookings		117		199		213		345		874		145		255
Deferred cloud subscriptions and support revenue (IFRS, quarter end)		793		789		782		957		957		953		1,003
Orders – Number of on-premise software deals (in transactions)		12,037		13,504		14,027		17,871		57,439		12,884		14,468
Share of software orders worth more than €5 million (in %)		23		24		24		31		27		17		29
Share of software orders worth less than €1 million (in %)		49		41		44		34		40		48		38
Liquidity and Cash Flow
Net cash flows from operating activities		2,366		410		466		397		3,638		2,482		439
Purchase of intangible assets and property, plant, and equipment (without acquisitions)		–139		–137		–148		–212		–636		–168		–237
Free cash flow		2,227		273		317		184		3,001		2,313		202
% of total revenue (IFRS)		50		5		6		3		14		49		4
% of profit after tax (IFRS)		539		58		35		14		98		406		25
Group liquidity, gross		5,333		4,180		4,608		3,559		3,559		5,853		4,347
Group debt		–10,524		–10,432		–10,428		–9,174		–9,174		–9,080		–8,593
Group liquidity, net		–5,191		–6,251		–5,820		–5,615		–5,615		–3,227		–4,245
Days’ sales outstanding (DSO, in days)3)		67		68		69		71		71		73		73
Financial Position
Cash and cash equivalents		4,635		3,923		3,844		3,411		3,411		5,743		4,206
Goodwill		22,896		22,300		22,222		22,689		22,689		21,922		22,354
Total assets		43,753		41,088		40,649		41,390		41,390		42,884		41,788
Equity		22,117		20,801		21,540		23,295		23,295		22,920		22,963
Equity ratio (total equity in % of total assets)		51		51		53		56		56		53		55
Non-Financials
Headcount (quarter end)4)		74,551		74,497		75,643		76,986		76,986		78,230		79,962
Employee retention (in %, rolling 12 months)		93.3		92.6		91.9		91.8		91.8		92.0		92.6
Women in management (in %, quarter end)		22.3		22.9		23.2		23.6		23.6		23.6		24.1
Greenhouse gas emissions (in kilotons)		145		125		110		75		455		120		95

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 Q2 2016 Quarterly Statement 7

Consolidated Income Statements of SAP Group (IFRS) – Quarter

€ millions, unless otherwise stated	Q2 2016		Q2 2015		D in %
Cloud subscriptions and support		720		552		30
Software licenses		1,040		979		6
Software support		2,598		2,531		3
Software licenses and support		3,639		3,510		4
Cloud and software		4,359		4,062		7
Services		878		908		–3
Total revenue		5,237		4,970		5
Cost of cloud subscriptions and support		–310		–240		29
Cost of software licenses and support		–507		–560		–10
Cost of cloud and software		–816		–800		2
Cost of services		–733		–738		–1
Total cost of revenue		–1,549		–1,539		1
Gross profit		3,688		3,431		7
Research and development		–710		–698		2
Sales and marketing		–1,473		–1,412		4
General and administration		–229		–256		–10
Restructuring		–11		–367		–97
Other operating income/expense, net		4		3		33
Total operating expenses		–3,968		–4,269		–7
Operating profit		1,269		701		81
Other non-operating income/expense, net		–101		–53		91
Finance income		38		39		–2
Finance costs		–62		–50		23
Financial income, net		–23		–11		>100
Profit before tax		1,144		637		80
Income tax expense		–331		–168		97
Profit after tax		813		469		73
Attributable to owners of parent		816		471		73
Attributable to non-controlling interests		–3		–3		23
Earnings per share, basic (in €)1)		0.68		0.39		73
Earnings per share, diluted (in €)1)		0.68		0.39		73

¹⁾ For the three months ended June 30, 2016 and 2015, the weighted average number of shares was 1,198 million (diluted 1,199 million) and 1,196 million (diluted: 1,198 million), respectively (treasury stock excluded).

Due to rounding, numbers may not add up precisely.

SAP Q2 2016 Quarterly Statement 8

Consolidated Statements of Income of SAP Group (IFRS) – Half Year

€ millions, unless otherwise stated	Q1–Q2 2016		Q1–Q2 2015		D in %
Cloud subscriptions and support		1,397		1,056		32
Software licenses		1,649		1,675		–2
Software support		5,162		4,985		4
Software licenses and support		6,811		6,660		2
Cloud and software		8,208		7,715		6
Services		1,755		1,751		0
Total revenue		9,964		9,467		5
Cost of cloud subscriptions and support		–597		–465		28
Cost of software licenses and support		–1,007		–1,103		–9
Cost of cloud and software		–1,604		–1,568		2
Cost of services		–1,506		–1,465		3
Total cost of revenue		–3,110		–3,034		3
Gross profit		6,854		6,433		7
Research and development		–1,419		–1,393		2
Sales and marketing		–2,871		–2,758		4
General and administration		–460		–528		–13
Restructuring		–22		–418		–95
Other operating income/expense, net		–1		3		<–100
Total operating expenses		–7,882		–8,128		–3
Operating profit		2,082		1,339		56
Other non-operating income/expense, net		–136		–201		–32
Finance income		73		87		–16
Finance costs		–132		–109		21
Financial income, net		–59		–22		>100
Profit before tax		1,887		1,115		69
Income tax expense		–504		–233		>100
Profit after tax		1,382		882		57
Attributable to owners of parent		1,388		885		57
Attributable to non-controlling interests		–5		–3		74
Earnings per share, basic (in €)1)		1.16		0.74		57
Earnings per share, diluted (in €)1)		1.16		0.74		57

¹⁾ For the six months ended June 30, 2016 and 2015, the weighted average number of shares was 1,198 million (diluted 1,199 million) and 1,196 million (diluted: 1,198 million), respectively (treasury stock excluded).

Due to rounding, numbers may not add up precisely.

SAP Q2 2016 Quarterly Statement 9

Consolidated Statements of Financial Position of SAP Group (IFRS)

as at June 30, 2016 and December 31, 2015
€ millions	2016		2015
Cash and cash equivalents		4,206		3,411
Other financial assets		386		351
Trade and other receivables		5,025		5,275
Other non-financial assets		636		468
Tax assets		296		235
Total current assets		10,549		9,739
Goodwill		22,354		22,689
Intangible assets		3,884		4,280
Property, plant, and equipment		2,284		2,192
Other financial assets		1,278		1,336
Trade and other receivables		106		87
Other non-financial assets		375		332
Tax assets		401		282
Deferred tax assets		558		453
Total non-current assets		31,239		31,651
Total assets		41,788		41,390
€ millions	2016		2015
Trade and other payables		1,047		1,088
Tax liabilities		268		230
Financial liabilities		323		841
Other non-financial liabilities		2,274		3,407
Provisions		191		299
Deferred income		4,470		2,001
Total current liabilities		8,574		7,867
Trade and other payables		94		81
Tax liabilities		417		402
Financial liabilities		8,705		8,681
Other non-financial liabilities		300		331
Provisions		201		180
Deferred tax liabilities		426		448
Deferred income		106		106
Total non-current liabilities		10,250		10,228
Total liabilities		18,824		18,095
Issued capital		1,229		1,229
Share premium		580		558
Retained earnings		20,054		20,044
Other components of equity		2,189		2,561
Treasury shares		–1,114		–1,124
Equity attributable to owners of parent		22,938		23,267
Non-controlling interests		26		28
Total equity		22,963		23,295
Total equity and liabilities		41,788		41,390

Due to rounding, numbers may not add up precisely.

SAP Q2 2016 Quarterly Statement 10

Consolidated Statements of Cash Flows of SAP Group (IFRS)

€ millions	Q1–Q2 2016		Q1–Q2 2015
Profit after tax		1,382		882
Adjustments to reconcile profit after taxes to net cash flows from operating activities:
Depreciation and amortization		615		646
Income tax expense		504		233
Financial income, net		59		22
Decrease/increase in sales and bad debt allowances on trade receivables		60		14
Other adjustments for non-cash items		12		–21
Decrease/increase in trade and other receivables		114		32
Decrease/increase in other assets		–309		–156
Decrease/increase in trade payables, provisions, and other liabilities		–1,165		–412
Decrease/increase in deferred income		2,493		2,361
Interest paid		–120		–90
Interest received		36		40
Income taxes paid, net of refunds		–760		–776
Net cash flows from operating activities		2,921		2,775
Business combinations, net of cash and cash equivalents acquired		–16		–10
Cash receipts from derivative financial instruments related to business combinations		0		266
Total cash flows for business combinations, net of cash and cash equivalents acquired		–16		256
Purchase of intangible assets and property, plant, and equipment		–406		–276
Proceeds from sales of intangible assets or property, plant, and equipment		33		27
Purchase of equity or debt instruments of other entities		–320		–1,099
Proceeds from sales of equity or debt instruments of other entities		308		868
Net cash flows from investing activities		–401		–224
Dividends paid		–1,378		–1,316
Proceeds from reissuance of treasury shares		15		24
Proceeds from borrowings		1		1,745
Repayments of borrowings		–544		–2,520
Transactions with non-controlling interests		3		0
Net cash flows from financing activities		–1,902		–2,067
Effect of foreign currency rates on cash and cash equivalents		177		111
Net decrease/increase in cash and cash equivalents		796		595
Cash and cash equivalents at the beginning of the period		3,411		3,328
Cash and cash equivalents at the end of the period		4,206		3,923

Due to rounding, numbers may not add up precisely.

SAP Q2 2016 Quarterly Statement 11

Segment Reporting (IFRS)

Applications, Technology & Services

€ millions			Q2 2016		Q2 2015		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support		321		331		220		46		50
Software licenses		1,025		1,057		964		6		10
Software support		2,572		2,652		2,504		3		6
Software licenses and support		3,596		3,709		3,467		4		7
Cloud and software		3,917		4,039		3,687		6		10
Services		827		853		822		1		4
Total segment revenue		4,744		4,893		4,509		5		9
Cost of cloud subscriptions and support		–155		–159		–107		46		50
Cost of software licenses and support		–461		–477		–482		–4		–1
Cost of cloud and software		–617		–637		–588		5		8
Cost of services		–671		–697		–628		7		11
Total cost of revenue		–1,288		–1,334		–1,216		6		10
Segment gross profit		3,456		3,559		3,293		5		8
Total segment expenses		–1,570		–1,624		–1,528		3		6
Segment profit		1,886		1,936		1,764		7		10
Margins
Cloud subscriptions and support gross margin (in %)		52		52		51		0pp		0pp
Gross margin (in %)		73		73		73		0pp		0pp
Segment margin (in %)		40		40		39		1pp		0pp
SAP Business Network
€ millions			Q2 2016		Q2 2015		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support		389		397		329		18		21
Software licenses		0		0		0		0		0
Software support		7		7		9		–18		–17
Software licenses and support		7		7		9		–16		–14
Cloud and software		396		405		337		17		20
Services		72		74		62		15		18
Total segment revenue		468		479		400		17		20
Cost of cloud subscriptions and support		–92		–95		–83		11		14
Cost of software licenses and support		0		0		0		0		0
Cost of cloud and software		–92		–95		–83		11		14
Cost of services		–60		–62		–46		29		34
Total cost of revenue		–152		–156		–129		18		21
Segment gross profit		316		322		271		17		19
Total segment expenses		–233		–240		–207		13		16
Segment profit		83		82		64		30		28
Margins
Cloud subscriptions and support gross margin (in %)		76		76		75		2pp		1pp
Gross margin (in %)		68		67		68		0pp		0pp
Segment margin (in %)		18		17		16		2pp		1pp

SAP Q2 2016 Quarterly Statement 12

Applications, Technology & Services

€ millions			Q1–Q2 2016		Q1–Q2 2015		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support		616		628		416		48		51
Software licenses		1,616		1,665		1,646		–2		1
Software support		5,112		5,200		4,934		4		5
Software licenses and support		6,728		6,865		6,580		2		4
Cloud and software		7,344		7,493		6,997		5		7
Services		1,629		1,670		1,607		1		4
Total segment revenue		8,973		9,163		8,604		4		7
Cost of cloud subscriptions and support		–290		–295		–206		41		43
Cost of software licenses and support		–922		–938		–947		–3		–1
Cost of cloud and software		–1,212		–1,234		–1,153		5		7
Cost of services		–1,348		–1,389		–1,267		6		10
Total cost of revenue		–2,560		–2,622		–2,420		6		8
Segment gross profit		6,413		6,541		6,184		4		6
Total segment expenses		–3,072		–3,147		–3,036		1		4
Segment profit		3,341		3,394		3,148		6		8
Margins
Cloud subscriptions and support gross margin (in %)		53		53		51		2pp		2pp
Gross margin (in %)		71		71		72		0pp		0pp
Segment margin (in %)		37		37		37		1pp		0pp

SAP Business Network

€ millions			Q1–Q2 2016		Q1–Q2 2015		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support		761		766		634		20		21
Software licenses		0		0		0		0		0
Software support		14		14		17		–14		–14
Software licenses and support		14		14		16		–13		–13
Cloud and software		776		780		651		19		20
Services		143		145		117		22		24
Total segment revenue		919		925		768		20		20
Cost of cloud subscriptions and support		–184		–186		–159		16		17
Cost of software licenses and support		0		0		0		0		0
Cost of cloud and software		–184		–186		–159		15		17
Cost of services		–116		–118		–88		31		34
Total cost of revenue		–300		–305		–248		21		23
Segment gross profit		619		621		520		19		19
Total segment expenses		–462		–469		–390		18		20
Segment profit		157		152		130		21		17
Margins
Cloud subscriptions and support gross margin (in %)		76		76		75		1pp		1pp
Gross margin (in %)		67		67		68		0pp		–1pp
Segment margin (in %)		17		16		17		0pp		–1pp

SAP Q2 2016 Quarterly Statement 13

Reconciliation from Non-IFRS Numbers to IFRS Numbers

€ millions, unless otherwise stated									Q2 2016						Q2 2015						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		720		1		721		19		740		552		2		555		30		30		33
Software licenses		1,040		2		1,042		33		1,075		979		0		979		6		6		10
Software support		2,598		0		2,598		81		2,679		2,531		0		2,531		3		3		6
Software licenses and support		3,639		2		3,640		114		3,755		3,510		0		3,510		4		4		7
Cloud and software		4,359		2		4,361		133		4,494		4,062		2		4,065		7		7		11
Services		878		0		878		29		907		908		0		908		–3		–3		0
Total revenue		5,237		2		5,239		162		5,401		4,970		2		4,972		5		5		9
Operating Expense Numbers
Cost of cloud subscriptions and support		–310		59		–251						–240		50		–190		29		32
Cost of software licenses and support		–507		47		–460						–560		73		–487		–10		–6
Cost of cloud and software		–816		106		–711						–800		123		–677		2		5
Cost of services		–733		12		–721						–738		43		–695		–1		4
Total cost of revenue		–1,549		118		–1,431						–1,539		166		–1,372		1		4
Gross profit		3,688		120		3,808						3,431		169		3,600		7		6
Research and development		–710		21		–689						–698		53		–645		2		7
Sales and marketing		–1,473		82		–1,391						–1,412		94		–1,318		4		6
General and administration		–229		12		–217						–256		10		–246		–10		–12
Restructuring		–11		11		0						–367		367		0		–97		NA
Other operating income/expense, net		4		0		4						3		0		3		33		33
Total operating expenses		–3,968		245		–3,724		–134		–3,858		–4,269		691		–3,578		–7		4		8
Profit Numbers
Operating profit		1,269		247		1,516		28		1,543		701		693		1,394		81		9		11
Other non-operating income/expense, net		–101		0		–101						–53		0		–53		91		91
Finance income		38		0		38						39		0		39		–2		–2
Finance costs		–62		0		–62						–50		0		–50		23		23
Financial income, net		–23		0		–23						–11		0		–11		>100		>100
Profit before tax		1,144		247		1,391						637		693		1,330		80		5
Income tax expense		–331		–81		–412						–168		–201		–369		97		11
Profit after tax		813		167		979						469		492		960		73		2
Attributable to owners of parent		816		167		982						471		492		963		73		2
Attributable to non-controlling interests		–3		0		–3						–3		0		–3		23		23
Key Ratios
Operating margin (in %)		24.2				28.9				28.6		14.1				28.0		10.1pp		0.9pp		0.5pp
Effective tax rate (in %)		28.9				29.6						26.4				27.8		2.5pp		1.8pp
Earnings per share, basic (in €)		0.68				0.82						0.39				0.80		73		2

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.

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

SAP Q2 2016 Quarterly Statement 14

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

Due to rounding, numbers may not add up precisely.

SAP Q2 2016 Quarterly Statement 15

€ millions, unless otherwise stated									Q1–Q2 2016						Q1–Q2 2015						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		1,397		1		1,399		17		1,415		1,056		8		1,063		32		32		33
Software licenses		1,649		2		1,651		51		1,702		1,675		0		1,675		–2		–1		2
Software support		5,162		0		5,163		88		5,251		4,985		0		4,985		4		4		5
Software licenses and support		6,811		2		6,813		139		6,953		6,660		0		6,660		2		2		4
Cloud and software		8,208		4		8,212		156		8,368		7,715		8		7,723		6		6		8
Services		1,755		0		1,755		43		1,799		1,751		0		1,751		0		0		3
Total revenue		9,964		4		9,967		200		10,167		9,467		8		9,475		5		5		7
Operating Expense Numbers
Cost of cloud subscriptions and support		–597		118		–479						–465		98		–368		28		30
Cost of software licenses and support		–1,007		99		–908						–1,103		146		–957		–9		–5
Cost of cloud and software		–1,604		217		–1,387						–1,568		244		–1,325		2		5
Cost of services		–1,506		30		–1,476						–1,465		92		–1,373		3		7
Total cost of revenue		–3,110		247		–2,864						–3,034		336		–2,698		3		6
Gross profit		6,854		250		7,104						6,433		344		6,777		7		5
Research and development		–1,419		49		–1,370						–1,393		108		–1,285		2		7
Sales and marketing		–2,871		191		–2,680						–2,758		190		–2,568		4		4
General and administration		–460		27		–433						–528		52		–476		–13		–9
Restructuring		–22		22		0						–418		418		0		–95		NA
Other operating income/expense, net		–1		0		–1						3		0		3		<-100		<-100
Total operating expenses		–7,882		535		–7,348		–177		–7,525		–8,128		1,104		–7,024		–3		5		7
Profit Numbers
Operating profit		2,082		538		2,620		22		2,642		1,339		1,112		2,451		56		7		8
Other non-operating income/expense, net		–136		0		–136						–201		0		–201		–32		–32
Finance income		73		0		73						87		0		87		–16		–16
Finance costs		–132		0		–132						–109		0		–109		21		21
Financial income, net		–59		0		–59						–22		0		–22		>100		>100
Profit before tax		1,887		538		2,425						1,115		1,112		2,227		69		9
Income tax expense		–504		–178		–683						–233		–338		–571		>100		20
Profit after tax		1,382		360		1,742						882		775		1,657		57		5
Attributable to owners of parent		1,388		360		1,748						885		775		1,660		57		5
Attributable to non-controlling interests		–5		0		–5						–3		0		–3		74		74
Key Ratios
Operating margin (in %)		20.9				26.3				26.0		14.1				25.9		6.8pp		0.4pp		0.1pp
Effective tax rate (in %)		26.7				28.1						20.9				25.6		5.8pp		2.5pp
Earnings per share, basic (in €)		1.16				1.46						0.74				1.39		57		5

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.

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

SAP Q2 2016 Quarterly Statement 16

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

Due to rounding, numbers may not add up precisely.

SAP Q2 2016 Quarterly Statement 17

Non-IFRS Adjustments – Actuals and Estimates

€ millions	Estimated Amounts for Full Year 2016		Q2 2016		Q1–Q2 2016		Q2 2015		Q1–Q2 2015
Operating profit (IFRS)				1,269		2,082		701		1,339
Revenue adjustments		<20		2		4		2		8
Adjustment for acquisition-related charges		680 to 730		166		336		188		371
Adjustment for share-based payment expenses		560 to 610		67		177		135		314
Adjustment for restructuring		30 to 50		11		22		367		418
Operating expense adjustments				245		535		691		1,104
Operating profit adjustments				247		538		693		1,112
Operating profit (Non-IFRS)				1,516		2,620		1,394		2,451

Non-IFRS Adjustments by Functional Areas

€ millions	Q2 2016										Q2 2015
	IFRS		Acquisition- Related		SBP1)		Restruc- turing		Non-IFRS		IFRS		Acquisition- Related		SBP1)		Restruc- turing		Non-IFRS
Cost of cloud and software		–816		97		8		0		–711		–800		106		15		0	–677
Cost of services		–733		3		9		0		–721		–738		21		22		0	–695
Research and development		–710		2		19		0		–689		–698		16		40		0	–645
Sales and marketing		–1,473		59		23		0		–1,391		–1,412		45		49		0	–1,318
General and administration		–229		4		8		0		–217		–256		1		9		0	–246
Restructuring		–11		0		0		11		0		–367		0		0		367	0
Other operating income/expense, net		4		0		0		0		4		3		0		0		0	3
Total operating expenses		–3,968		166		67		11		–3,724		–4,269		188		135		367	–3,578

 ¹⁾ Share-based Payments

€ millions	Q1–Q2 2016										Q1–Q2 2015
	IFRS		Acquisition Related		SBP1)		Restruc- turing		Non-IFRS		IFRS		Acquisition Related		SBP1)		Restruc- turing		Non-IFRS
Cost of cloud and software		–1,604		195		22		0		–1,387		–1,568		209		32		0	–1,325
Cost of services		–1,506		6		24		0		–1,476		–1,465		41		50		0	–1,373
Research and development		–1,419		5		44		0		–1,370		–1,393		31		80		0	–1,285
Sales and marketing		–2,871		123		67		0		–2,680		–2,758		88		102		0	–2,568
General and administration		–460		7		20		0		–433		–528		1		51		0	–476
Restructuring		–22		0		0		22		0		–418		0		0		418	0
Other operating income/expense, net		–1		0		0		0		–1		3		0		0		0	3
Total operating expenses		–7,882		336		177		22		–7,348		–8,128		371		314		418	–7,024

 ¹⁾ Share-based Payments

SAP Q2 2016 Quarterly Statement 18

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

€ millions	Q2 2016		Q1–Q2 2016		Q2 2015		Q1–Q2 2015
Cost of cloud and software		1		2		53		60
Cost of services		2		5		129		145
Research and development		0		3		101		109
Sales and marketing		8		11		73		88
General and administration		0		1		11		16
Restructuring expenses		11		22		367		418

SAP Q2 2016 Quarterly Statement 19

Revenue by Region (IFRS and Non-IFRS)

€ millions	Q2 2016										Q2 2015						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		168		0		168		4		172		122		0		122		38		38		41
Americas		482		0		483		14		496		382		2		384		26		26		29
APJ		70		0		70		2		71		49		0		49		44		44		47
Cloud subscriptions and support revenue		720		1		721		19		740		552		2		555		30		30		33
Cloud and software revenue by region
EMEA		1,872		0		1,872		67		1,938		1,749		0		1,749		7		7		11
Americas		1,809		2		1,812		53		1,865		1,679		2		1,681		8		8		11
APJ		678		0		678		13		691		634		0		634		7		7		9
Cloud and software revenue		4,359		2		4,361		133		4,494		4,062		2		4,065		7		7		11
Total revenue by region
Germany		681		0		681		0		681		630		0		630		8		8		8
Rest of EMEA		1,588		0		1,589		77		1,666		1,509		0		1,509		5		5		10
Total EMEA		2,270		0		2,270		77		2,347		2,139		0		2,139		6		6		10
United States		1,739		2		1,741		35		1,776		1,654		2		1,656		5		5		7
Rest of Americas		427		0		427		33		460		411		0		411		4		4		12
Total Americas		2,165		2		2,167		68		2,235		2,064		2		2,066		5		5		8
Japan		200		0		200		–20		180		152		0		152		32		32		19
Rest of APJ		602		0		602		36		639		615		0		615		–2		–2		4
Total APJ		802		0		802		17		819		767		0		767		5		5		7
Total revenue		5,237		2		5,239		162		5,401		4,970		2		4,972		5		5		9

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’s non-IFRS constant currency numbers with the non-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 site www.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 Q2 2016 Quarterly Statement 20

€ millions	Q1–Q2 2016										Q1–Q2 2015						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		329		0		329		5		334		229		1		230		44		43		45
Americas		942		1		943		9		952		733		7		740		28		27		29
APJ		127		0		127		3		130		93		0		93		36		35		39
Cloud subscriptions and support revenue		1,397		1		1,399		17		1,415		1,056		8		1,063		32		32		33
Cloud and software revenue by region
EMEA		3,557		1		3,558		96		3,654		3,311		1		3,312		7		7		10
Americas		3,393		3		3,396		34		3,429		3,195		7		3,202		6		6		7
APJ		1,259		0		1,259		26		1,285		1,209		0		1,209		4		4		6
Cloud and software revenue		8,208		4		8,212		156		8,368		7,715		8		7,723		6		6		8
Total revenue by region
Germany		1,286		0		1,286		0		1,286		1,188		0		1,188		8		8		8
Rest of EMEA		3,030		0		3,031		113		3,144		2,884		1		2,885		5		5		9
Total EMEA		4,316		1		4,317		113		4,430		4,072		1		4,073		6		6		9
United States		3,344		3		3,347		9		3,356		3,117		6		3,123		7		7		7
Rest of Americas		798		0		798		44		842		810		0		810		–1		–1		4
Total Americas		4,142		3		4,145		53		4,198		3,926		7		3,933		5		5		7
Japan		369		0		369		–28		341		306		0		307		20		20		11
Rest of APJ		1,137		0		1,137		62		1,199		1,162		0		1,162		–2		–2		3
Total APJ		1,506		0		1,506		34		1,539		1,468		0		1,469		3		3		5
Total revenue		9,964		4		9,967		200		10,167		9,467		8		9,475		5		5		7

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’s non-IFRS constant currency numbers with the non-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 site     www.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 Q2 2016 Quarterly Statement 21

Employees by Region and Functional Areas

	30.6.2016					30.6.2015
Full-time equivalents		EMEA	Americas	APJ	Total		EMEA	Americas	APJ	Total
Cloud and software		6,214	4,054	5,084	15,352		5,899	3,805	4,915	14,619
Services		6,443	4,006	3,738	14,187		6,673	3,806	3,193	13,672
Research and development		9,927	4,501	7,382	21,810		9,247	3,994	6,148	19,389
Sales and marketing		8,109	8,350	4,202	20,661		7,703	7,497	3,797	18,997
General and administration		2,542	1,677	990	5,208		2,461	1,661	1,017	5,139
Infrastructure		1,530	772	443	2,745		1,483	811	387	2,681
SAP Group (June 30)		34,764	23,359	21,838	79,962		33,467	21,574	19,456	74,497
Thereof acquisitions 1)		25	25	0	50		0	0	0	0
SAP Group (average first half year)		34,284	22,861	21,416	78,561		33,469	21,740	19,171	74,381
1) Acquisitions closed between January 1 and June 30 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 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.

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SAP Q2 2016 Quarterly Statement 22