exv99w1

Exhibit 99.1



*SAP Reports Second Quarter 2010 Results*		Page 1

For Immediate Release

July 27, 2010

SAP Reports 16% Growth in Software and
Software-Related Service Revenues for the Second Quarter

8% Growth at Constant Currencies

Company Reaches 100,000 Customer Milestone
SAP Completes Tender Offer for Sybase

WALLDORF — July 27, 2010 — SAP AG (NYSE: SAP) today announced its preliminary financial results for the second quarter ended June 30, 2010.

FINANCIAL HIGHLIGHTS — Second Quarter 2010


	Second Quarter 2010¹⁾
	IFRS							Non-IFRS²⁾
															% change
€ million, unless					%							%			const.
otherwise stated	Q2 2010		Q2 2009		change			Q2 2010		Q2 2009		change			curr.³⁾
Software revenue		637		543		17	%		637		543		17	%		5	%
Software and software-related service revenue		2,258		1,953		16	%		2,258		1,953		16	%		8	%
Total revenue		2,894		2,576		12	%		2,894		2,576		12	%		5	%
Total operating expenses		-2,120		-1,935		10	%		-2,054		-1,866		10	%		4	%
— thereof restructuring		-1		-17		-94	%		-1		-17		-94	%
Operating profit		774		641		21	%		840		710		18	%		5	%
Operating margin (%)		26.7		24.9	1.8pp				29.0		27.6	1.4pp			0.2pp
Profit after tax		491		426		15	%		551		478		15	%
Basic earnings per share (€)		0.41		0.36		14	%		0.46		0.40		15	%


1)		All figures are preliminary and unaudited.

2)		Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity 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 in the appendix for details.

3)		Constant currency revenue and operating profit figures are calculated by translating revenue and operating profit 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. See Explanations of Non-IFRS Measures in the appendix for details.


*SAP Reports Second Quarter 2010 Results*		Page 2

Revenues — Second Quarter 2010

•		IFRS software and software-related service revenues were €2.26 billion (2009: €1.95 billion), an increase of 16% (8% at constant currencies).

•		IFRS software revenues were €637 million (2009: €543 million), an increase of 17% (5% at constant currencies).

•		IFRS total revenues were €2.89 billion (2009: €2.58 billion), an increase of 12% (5% at constant currencies).

Income — Second Quarter 2010

•		IFRS operating profit was €774 million (2009: €641 million), an increase of 21%. Non-IFRS operating profit was €840 million (2009: €710 million), an increase of 18% (5% at constant currencies). In the second quarter of 2009, the IFRS and Non-IFRS operating income was impacted by restructuring charges of €17 million resulting from a reduction of positions. In contrast, restructuring charges were not material in the second quarter of 2010.

•		IFRS operating margin was 26.7% (2009: 24.9%), an increase of 1.8 percentage points. Non-IFRS operating margin was 29.0% (2009: 27.6%), or 27.8% at constant currencies, an increase of 1.4 percentage points (0.2 percentage points at constant currencies). In contrast to the respective quarter in 2009, the second quarter of 2010 was not materially impacted by restructuring expenses which had, in the second quarter of 2009, negatively impacted the IFRS and Non-IFRS operating margin by 0.7 percentage points. However, severance expenses of €11 million (2009: €1.3 million) negatively impacted the second quarter 2010 IFRS and Non-IFRS operating margin by 0.4 percentage points (2009: 0.1 percentage points).

•		IFRS profit after tax was €491 million (2009: €426 million), an increase of 15%. Non-IFRS profit after tax was €551 million (2009: €478 million), an increase of 15%. IFRS basic earnings per share were €0.41 (2009: €0.36), an increase of 14%. Non-IFRS basic earnings per share were €0.46 (2009: €0.40), an increase of 15%. The impact, net of tax, of the severance expenses incurred in the second quarter 2010 on the second quarter 2010 IFRS and Non-IFRS basic earnings per share was €0.01. The impact, net of tax, of the restructuring expenses incurred in the second quarter 2009 on the second quarter 2009 IFRS and Non-IFRS basic earnings per share was €0.01. The IFRS effective tax rate in the second quarter of 2010 was 27.4% (2009: 28.5%).


*SAP Reports Second Quarter 2010 Results*		Page 3

Second Quarter 2010 Non-IFRS operating profit excludes acquisition-related charges and discontinued activities totaling €66 million (2009: €69 million). Second quarter 2010 Non-IFRS profit after tax and Non-IFRS basic earnings per share exclude acquisition-related charges and discontinued activities totaling €60 million net of tax (2009: €52 million).

“We are pleased to report another quarter of growth in software and software-related service revenue,” said Werner Brandt, CFO of SAP. “The top line results were driven by continued growth in software revenue, strong support revenue, mainly from the majority of our customers who endorsed Enterprise Support, and double-digit growth in subscription revenue.”

“Customers continue to invest for growth across large, midsized and small enterprises and within many industries,” said Bill McDermott, Co-CEO of SAP. “We had outstanding growth in strategic markets like the U.S. and we saw continued double-digit growth in key emerging markets in Latin America and Asia. This solid performance is due to renewed customer confidence, an ever-expanding ecosystem, as well as focused execution on our go-to-market strategy.”

“Our focus on customer-driven innovation is positively impacting our growth. Reaching more than 100,000 customers is a testament to the inroads we have made in expanding our volume business and our success in the small and midsized enterprise (SME) segment,” said Jim Hagemann Snabe, Co-CEO of SAP. “Our success in the SME segment creates a strong foundation for the new version of our on-demand platform SAP Business ByDesign. The new version will be available on time on July 31^st and is ready for volume deployment in six countries.”

SAP Completes Tender Offer for Shares of Sybase, Inc.

SAP also announced today that it has completed the cash tender offer for all outstanding shares of common stock of Sybase. Under the terms of the agreement, Sybase will operate as a separate company under the leadership of current CEO John Chen and will remain focused on its core business. Sybase will continue to execute plans and product strategies around its core database and information management business and Sybase’s expertise in the mobile business will be a key driver for the Sybase and SAP vision for the unwired enterprise. For more details on SAP and Sybase, please visit www.sap.com/about/investor/sybase.epx.


*SAP Reports Second Quarter 2010 Results*		Page 4

The acquisition rounds out the Company’s three pillar strategy of providing solutions on-premise, on-demand and on-device supported by orchestration. Already the clear leader in on-premise business software solutions, the Company expects that with its aggressive push into on-demand and now on-device, with the biggest and most heterogeneous mobile platform provided by the acquisition of Sybase, it will be able to extend its reach into new user categories well beyond its traditional user base.

SAP will host a press briefing on August 19, 2010 in Boston, Massachusetts, where SAP Co-CEO Bill McDermott, Sybase CEO John Chen and members of the SAP leadership team will share details on joint company strategy and product road maps, along with planned co-innovations in mobility, analytics and database technologies. Details on the event will follow in a media alert to be issued in early August.

FINANCIAL HIGHLIGHTS — Six Months 2010


	First Half 2010¹⁾
	IFRS							Non-IFRS²⁾
															% change
€ million, unless					%							%			const.
otherwise stated	1H 2010		1H 2009		change			1H 2010		1H 2009		change			curr.³⁾
Software revenue		1,101		962		14	%		1,101		962		14	%		6	%
Software and software-related service revenue		4,205		3,695		14	%		4,205		3,706		13	%		9	%
Total revenue		5,403		4,974		9	%		5,403		4,985		8	%		4	%
Total operating expenses		-4,072		-4,026		1	%		-3,951		-3,879		2	%		-1	%
— thereof restructuring		-1		-183		-99	%		-1		-178		-99	%
Operating profit		1,331		948		40	%		1,452		1,106		31	%		20	%
Operating margin (%)		24.6		19.1	5.5pp				26.9		22.2	4.7pp			3.5pp
Profit after tax		878		622		41	%		986		740		33	%
Basic earnings per share (€)		0.74		0.52		42	%		0.83		0.62		34	%


1)		All figures are preliminary and unaudited.

2)		Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity 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 in the appendix for details.

3)		Constant currency revenue and operating profit figures are calculated by translating revenue and operating profit 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. See Explanations of Non-IFRS Measures in the appendix for details.


*SAP Reports Second Quarter 2010 Results*		Page 5

Revenues — Six Months 2010

•		IFRS software and software-related service revenues were €4.21 billion (2009: €3.70 billion), an increase of 14%. Non-IFRS software and software-related service revenues were €4.21 billion (2009: €3.71 billion), an increase of 13% (9% at constant currencies).

•		IFRS software revenues were €1.10 billion (2009: €962 million), an increase of 14% (6% at constant currencies).

•		IFRS total revenues were €5.40 billion (2009: €4.97 billion), an increase of 9%. Non-IFRS total revenues were €5.40 billion (2009: €4.99 billion), an increase of 8% (4% at constant currencies).

Six months 2009 Non-IFRS revenue figures exclude a deferred support revenue write-down from the acquisition of Business Objects of €11 million.

Income — Six Months 2010

•		IFRS operating profit was €1.33 billion (2009: €948 million), an increase of 40%. Non-IFRS operating profit was €1.45 billion (2009: €1.11 billion), an increase of 31% (20% at constant currencies). In the first half of 2009, the IFRS and Non-IFRS operating income was impacted by restructuring charges of €183 million and €178 million, respectively, resulting from a reduction of positions.

•		IFRS operating margin was 24.6% (2009: 19.1%), an increase of 5.5 percentage points. Non-IFRS operating margin was 26.9% (2009: 22.2%), or 25.7% at constant currencies, an increase of 4.7 percentage points (3.5 percentage points at constant currencies). In contrast to the respective first half of 2009, the first half of 2010 was not materially impacted by restructuring expenses which had, in the first half of 2009, negatively impacted the IFRS and Non-IFRS operating margin by 3.7 percentage points and 3.6 percentage points, respectively. However, severance expenses of €38 million (2009: €3.1 million) and unused lease space expenses of €8 million negatively impacted the IFRS and Non-IFRS operating margin by 0.9 percentage points (2009: 0.1 percentage points).

•		IFRS profit after tax was €878 million (2009: €622 million), an increase of 41%. Non-IFRS profit after tax was €986 million (2009: €740 million), an increase of 33%. IFRS basic earnings per share were €0.74 (2009: €0.52), an increase of 42%. Non-IFRS basic earnings per share were €0.83 (2009: €0.62), an increase of 34%. The impact, net of tax, of the severance and unused lease space expenses incurred in the first half of 2010 on the first half 2010 IFRS and Non-IFRS basic earnings per share was €0.03. The impact, net of tax, of the restructuring expenses incurred in the first half of 2009 on the first half 2009


*SAP Reports Second Quarter 2010 Results*		Page 6

IFRS and Non-IFRS basic earnings per share was €0.11. The IFRS effective tax rate in the first half year 2010 was 26.6% (2009: 29.6%). The year over year decrease in the effective tax rate mainly results from tax effects on changes in foreign currency exchange rates. The currency related tax effects recorded in the second quarter 2010 were substantially compensated by several individually minor negative tax effects.

First half 2010 Non-IFRS operating profit excludes acquisition-related charges and discontinued activities totaling €121 million (2009: €158 million). First half 2010 Non-IFRS profit after tax and Non-IFRS basic earnings per share exclude acquisition-related charges and discontinued activities totaling €108 million net of tax (2009: €118 million).

Cash Flow — Six Months 2010

Operating cash flow was €1.28 billion (2009: €1.82 billion), a decrease of 30%. The year-over-year decrease in operating cash flow resulted from 1) timing of cash inflows as the Company received significantly more payments from customers in 2009 compared to 2010 due to the onset of the financial crisis that caused 2008 payment delays; 2) net cash outflows for derivative financial instruments used for the hedging of foreign exchange risks which did not affect profit, but were higher in the first six months 2010 compared to the prior period; and 3) a one-time payment in the second quarter of 2010 from the settlement of a lawsuit with the main part of the corresponding insurance reimbursement expected to be received in subsequent periods. Free cash flow was €1.16 billion (2009: €1.72 billion), a decrease of 33%. Free cash flow was 21% of total revenues (2009: 35%). At June 30, 2010, SAP had a total group liquidity of €3.96 billion (December 31, 2009: €2.28 billion), which includes cash and cash equivalents and short term investments. At June 30, 2010, net liquidity, defined as total group liquidity less short term debt, was €2.19 billion.

Business Outlook

SAP is providing the following outlook for the full-year 2010, which now takes into account the acquisition of Sybase:

•

The Company expects full-year 2010 Non-IFRS software and software-related service revenue ⁽¹⁾ 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.


*SAP Reports Second Quarter 2010 Results*		Page 7

	•		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%).


1)		Unchanged from the past, software and software-related service revenue continues to only include software and services directly related to software. Revenues from all other services (including consulting, training and Sybase’s messaging services) continue to be reported as Professional Services and Other Service Revenue.

Major Customer Wins

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

In EMEA: E.ON IT GmbH, Sisal S.p.A., Bashneft ANK OAO, Swiss Reinsurance Company Ltd., DSG Retail Ltd; In the Americas: American Water Works Service Co., U.S. Department of Agriculture, Delta Air Lines, Inc., Pelagio Oliveira S/A, Montepío Luz Saviñón I.A.P, H.D. Smith Wholesale Drug Co., United Nations; In Asia Pacific/Japan: Shanghai Huayi (Group) Company, Huaneng Lancang River Hydro Power, National Institute for Environmental Studies, Sumitomo Chemical Co.,Ltd, Malaysia Airports Holdings Berhad, Parkway Hospitals Singapore Pte Ltd.

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 Half 2010 Interim Report

The First Half 2010 Interim Report will be published on July 29^th, 2010 and will be available for download at http://www.sap.com/investor

About SAP

SAP is the world’s leading provider of business software(*), offering applications and services that enable companies of all sizes and in more than 25 industries to become best-run businesses. With more than 102,500 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.

# # #


(*)		SAP defines business software as comprising enterprise resource planning, business intelligence, and related applications.


*SAP Reports Second Quarter 2010 Results*		Page 8

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.

SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver 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 in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.

Note to editors:

To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via e-mail links and subscribe to RSS feeds from SAP TV.

SAP, SAP NetWeaver, Duet, PartnerEdge, ByDesign, SAP Business ByDesign, R/3 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, Business Objects, 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 S.A. in the United States and in other countries. Business Objects is an SAP company. 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.

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

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

Follow SAP Investor Relations on Twitter at @sapinvestor.

Appendix — Financial Information to Follow

Financial Statements (IFRS)

CONSOLIDATED INCOME STATEMENTS OF SAP GROUP


	For the three months ended June 30
€ millions, unless otherwise stated	2010		2009		Change in %
Software revenue		637		543		17
Support revenue		1,526		1,337		14
Subscription and other software-related service revenue		95		73		30
Software and software-related service revenue		2,258		1,953		16
Consulting revenue		528		517		2
Training revenue		71		70		1
Other service revenue		18		23		-22
Professional services and other service revenue		617		610		1
Other revenue		19		13		46
Total revenue		2,894		2,576		12
Cost of software and software-related services		-415		-400		4
Cost of professional services and other services		-497		-467		6
Research and development		-397		-373		6
Sales and marketing		-658		-561		17
General and administration		-156		-123		27
Restructuring		-1		-17		-94
Other operating income/expense, net		4		6		-33
Total operating expenses		-2,120		-1,935		10
Operating profit		774		641		21
Other non-operating income/expense, net		-86		-22		>100
Finance income		11		8		38
Finance costs		-21		-28		-25
Other financial gains/losses, net		-2		-3		-33
Financial income, net		-12		-23		-48
Profit before tax		676		596		13
Income tax expense		-185		-170		9
Profit after tax		491		426		15
— Profit attributable to non-controlling interests		0		1		-100
— Profit attributable to owners of parent		491		425		16
Basic earnings per share, in €		0.41		0.36		14
Diluted earnings per share, in €		0.41		0.36		14


*		For the three months ended June 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 COMPREHENSIVE INCOME OF SAP GROUP


	For the second quarter ended June 30
€ millions	2010		2009
Profit after tax		491		426
Gains (losses) on exchange differences on translation, before tax		142		3
Reclassification adjustments on exchange differences on translation, before tax		-11		0
Exchange differences on translation		131		3

Gains (losses) on remeasuring available-for-sale financial assets, before tax		-7		1

Reclassification adjustments on available-for-sale financial assets, before tax		0		0
Available-for-sale financial assets		-7		1
Gains (losses) on cash flow hedges, before tax		-40		-7
Reclassification adjustments on cash flow hedges, before tax		11		25
Cash flow hedges		-29		18
Actuarial gains (losses) on defined benefit plans, before tax		-5		3
Other comprehensive income before tax		90		25
Income tax relating to components of other comprehensive income		10		-6
Other comprehensive income after tax		100		19
Total comprehensive income		591		445
— attributable to non-controlling interests		1		1
— attributable to owners of parent		590		444

CONSOLIDATED INCOME STATEMENTS OF SAP GROUP


	For the three months ended June 30
€ millions, unless otherwise stated	2010		2009		Change in %
Software revenue		1,101		962		14
Support revenue		2,920		2,589		13
Subscription and other software-related service revenue		184		144		28
Software and software-related service revenue		4,205		3,695		14
Consulting revenue		1,007		1,071		-6
Training revenue		130		142		-8
Other service revenue		37		47		-21
Professional services and other service revenue		1,174		1,260		-7
Other revenue		24		19		26
Total revenue		5,403		4,974		9
Cost of software and software-related services		-814		-786		4
Cost of professional services and other services		-948		-989		-4
Research and development		-790		-738		7
Sales and marketing		-1,215		-1,074		13
General and administration		-304		-262		16
Restructuring		-1		-183		-99
Other operating income/expense, net		0		6		-100
Total operating expenses		-4,072		-4,026		1
Operating profit		1,331		948		40
Other non-operating income/expense, net		-122		-23		>100
Finance income		22		17		29
Finance costs		-33		-53		-38
Other financial gains/losses, net		-1		-6		-83
Financial income, net		-12		-42		-71
Profit before tax		1,197		883		36
Income tax expense		-319		-261		22
Profit after tax		878		622		41
— Profit attributable to non-controlling interests		1		1		0
— Profit attributable to owners of parent		877		621		41
Basic earnings per share, in €		0.74		0.52		42
Diluted earnings per share, in €		0.74		0.52		42


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

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME OF SAP GROUP


	For the six months ended June 30
€ millions	2010		2009
Profit after tax		878		622
Gains (losses) on exchange differences on translation, before tax		272		35
Reclassification adjustments on exchange differences on translation, before tax		-17		0
Exchange differences on translation		255		35

Gains (losses) on remeasuring available-for-sale financial assets, before tax		-1		1

Reclassification adjustments on available-for-sale financial assets, before tax		0		0
Available-for-sale financial assets		-1		1
Gains (losses) on cash flow hedges, before tax		-72		-22
Reclassification adjustments on cash flow hedges, before tax		16		43
Cash flow hedges		-56		21
Actuarial gains (losses) on defined benefit plans, before tax		-10		2
Other comprehensive income before tax		188		59
Income tax relating to components of other comprehensive income		22		-6
Other comprehensive income after tax		210		53
Total comprehensive income		1,088		675
— attributable to non-controlling interests		1		1
— attributable to owners of parent		1,087		674

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION OF SAP GROUP


	As at June 30, 2010 and December 31, 2009
€ millions	2010		2009		Change in %
Assets
Cash and cash equivalents		3,605		1,884		91
Other financial assets		574		486		18
Trade and other receivables		2,768		2,546		9
Other non-financial assets		217		147		48
Tax assets		202		192		5
Total current assets		7,366		5,255		40
Goodwill		5,136		4,994		3
Intangible assets		829		894		-7
Property, plant, and equipment		1,415		1,371		3
Other financial assets		337		284		19
Trade and other receivables		66		52		27
Other non-financial assets		34		35		-3
Tax assets		125		91		37
Deferred tax assets		364		398		-9
Total non-current assets		8,306		8,119		2
Total assets		15,672		13,374		17

€ millions	2010		2009		Change in %
*Equity and liabilities*
Trade and other payables		698		638		9
Tax liabilities		3		125		-98
Financial liabilities		219		146		50
Other non-financial liabilities		990		1,577		-37
Provisions		354		332		7
Deferred income		1,919		598		>100
Total current liabilities		4,183		3,416		22
Trade and other payables		34		35		-3
Tax liabilities		259		239		8
Financial liabilities		1,764		729		>100
Other non-financial liabilities		12		12		0
Provisions		224		198		13
Deferred tax liabilities		137		190		-28
Deferred income		88		64		38
Total non-current liabilities		2,518		1,467		72
Total liabilities		6,701		4,883		37
Issued capital		1,227		1,226		0
Treasury shares		-1,349		-1,320		2
Share premium		331		317		4
Retained earnings		8,851		8,571		3
Other components of equity		-104		-317		-67
Equity attributable to owners of parent		8,956		8,477		6
Non-controlling interests		15		14		7
Total equity		8,971		8,491		6
Equity and liabilities		15,672		13,374		17

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY OF SAP GROUP
For the six months ended June 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						621										621		1		622
Other comprehensive income						2		34		1		16				53				53
Share-based compensation				-2												-2				-2
Dividends						-594										-594				-594
Treasury shares transactions				-4										21		17				17
Convertible bonds and stock options exercised				4												4				4
Other						1										1				1
June 30, 2009		1,226		318		7,453		-361				-26		-1,341		7,269		3		7,272

January 1, 2010		1,226		317		8,571		-319		13		-11		-1,320		8,477		14		8,491
Profit after tax						877										877		1		878
Other comprehensive income						-3		255		-1		-41				210				210
Share-based compensation				-1												-1				-1
Dividends						-594										-594				-594
Treasury shares transactions				-5										-113		-118				-118
Convertible bonds and stock options exercised		1		20										84		105				105
June 30, 2010		1,227		331		8,851		-64		12		-52		-1,349		8,956		15		8,971

CONSOLIDATED STATEMENTS OF CASH FLOWS OF SAP GROUP


	As at June 30
€ millions	2010		2009
Profit after tax		878		622
Adjustments to reconcile profit after taxes to net cash provided by operating activities:
Depreciation and amortization		225		253
Gains/losses on disposals of non-current assets		1		3
Impairment loss on financial assets recognized in profit		0		7
Decrease/increase in sales and bad debt allowances on trade receivables		6		97
Other adjustments for non-cash items		15		13
Deferred income taxes		36		-65
Decrease/increase in trade receivables		31		628
Decrease/increase in other assets		-216		-96
Decrease/increase in trade payables, provisions and other liabilities		-802		-687
Decrease/increase in deferred income		1,108		1,048
Net cash flows from operating activities		1,282		1,823
Business combinations, net of cash and cash equivalents acquired		0		-49
Purchase of intangible assets and property, plant, and equipment		-125		-106
Proceeds from sales of intangible assets or property, plant, and equipment		17		13
Purchase of equity or debt instruments of other entities		-651		-573
Proceeds from sales of equity or debt instruments of other entities		689		233
Net cash flows from investing activities		-70		-482
Dividends paid		-594		-594
Purchase of treasury shares		-120		0
Proceeds from reissuance of treasury shares		85		10
Proceeds from issuing shares (share-based compensation)		21		4
Proceeds from borrowings		1,063		697
Repayments of borrowings		-6		0
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		439		121
Effect of foreign exchange rates on cash and cash equivalents		70		-25
Net decrease/increase in cash and cash equivalents		1,721		1,437
Cash and cash equivalents at the beginning of the period		1,884		1,280
Cash and cash equivalents at the end of the period		3,605		2,717

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 June 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		637		0		637		-66		571		543		0		543		17		17		5
Support revenue		1,526		0		1,526		-88		1,438		1,337		0		1,337		14		14		8
Subscription and other software-related service revenue		95		0		95		-3		92		73		0		73		30		30		26
Software and software-related service revenue		2,258		0		2,258		-157		2,101		1,953		0		1,953		16		16		8
Consulting revenue		528		0		528		-36		492		517		0		517		2		2		-5
Training revenue		71		0		71		-4		67		70		0		70		1		1		-4
Other service revenue		18		0		18		-1		17		23		0		23		-22		-22		-26
Professional services and other service revenue		617		0		617		-41		576		610		0		610		1		1		-6
Other revenue		19		0		19		-1		18		13		0		13		46		46		38
Total revenue		2,894		0		2,894		-199		2,695		2,576		0		2,576		12		12		5

*Non-IFRS Operating Expense Numbers*
Cost of software and software-related services		-415		41		-374						-400		48		-352		4		6
Cost of professional services and other services		-497		1		-496						-467		1		-466		6		6
Research and development		-397		1		-396						-373		1		-372		6		6
Sales and marketing		-658		15		-643						-561		19		-542		17		19
General and administration		-156		9		-147						-123		0		-123		27		20
Restructuring		-1		0		-1						-17		0		-17		-94		-94
Other operating income/expense, net		4		0		4						6		0		6		-33		-33
Total operating expenses		-2,120		66		-2,054		107		-1,947		-1,935		69		-1,866		10		10		4

*Non-IFRS Profit Numbers*
Operating profit		774		66		840		-92		748		641		69		710		21		18		5
Other non-operating income/expense, net		-86		11		-75						-22		0		-22		>100		>100
Finance income		11		0		11						8		0		8		38		38
Finance costs		-21		0		-21						-28		0		-28		-25		-25
Other financial gains/losses, net		-2		0		-2						-3		0		-3		-33		-33
Financial income, net		-12		0		-12						-23		0		-23		-48		-48
Profit before tax		676		77		753						596		69		665		13		13
Income tax expense		-185		-17		-202						-170		-17		-187		9		8
Profit after tax		491		60		551						426		52		478		15		15
- Profit attributable to non-controlling interests		0		0		0						1		0		1		-100		-100
- Profit attributable to owners of parent		491		60		551						425		52		477		16		16
*Non-IFRS Key Ratios*
Operating margin in %		26.7				29.0				27.8		24.9				27.6		1.8pp		1.4pp		0.2pp
Effective tax rate in %		27.4				26.8						28.5				28.1		-1.1pp		-1.3pp
Basic earnings per share, in	€	0.41				0.46						0.36				0.40		14		15


*		Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity 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 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. See Explanations of Non-IFRS Measures for details.

Differences may exist due to rounding.


	Six months ended June 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		1,101		0		1,101		-81		1,020		962		0		962		14		14		6
Support revenue		2,920		0		2,920		-98		2,822		2,589		11		2,600		13		12		9
Subscription and other software-related service revenue		184		0		184		-2		182		144		0		144		28		28		26
Software and software-related service revenue		4,205		0		4,205		-182		4,023		3,695		11		3,706		14		13		9
Consulting revenue		1,007		0		1,007		-41		966		1,071		0		1,071		-6		-6		-10
Training revenue		130		0		130		-5		125		142		0		142		-8		-8		-12
Other service revenue		37		0		37		0		37		47		0		47		-21		-21		-21
Professional services and other service revenue		1,174		0		1,174		-46		1,128		1,260		0		1,260		-7		-7		-10
Other revenue		24		0		24		-1		23		19		0		19		26		26		21
Total revenue		5,403		0		5,403		-229		5,174		4,974		11		4,985		9		8		4

*Non-IFRS Operating Expense Numbers*
Cost of software and software-related services		-814		81		-733						-786		99		-687		4		7
Cost of professional services and other services		-948		2		-946						-989		2		-987		-4		-4
Research and development		-790		3		-787						-738		2		-736		7		7
Sales and marketing		-1,215		27		-1,188						-1,074		37		-1,037		13		15
General and administration		-304		9		-295						-262		0		-262		16		13
Restructuring		-1		0		-1						-183		5		-178		-99		-99
Other operating income/expense, net		0		0		0						6		1		7		-100		-100
Total operating expenses		-4,072		121		-3,951		109		-3,842		-4,026		147		-3,879		1		2		-1

*Non-IFRS Profit Numbers*
Operating profit		1,331		121		1,452		-120		1,332		948		158		1,106		40		31		20
Other non-operating income/expense, net		-122		17		-105						-23		0		-23		>100		>100
Finance income		22		0		22						17		0		17		29		29
Finance costs		-33		0		-33						-53		0		-53		-38		-38
Other financial gains/losses, net		-1		0		-1						-6		0		-6		-83		-83
Financial income, net		-12		0		-12						-42		0		-42		-71		-71
Profit before tax		1,197		138		1,335						883		158		1,041		36		28
Income tax expense		-319		-30		-349						-261		-40		-301		22		16
Profit after tax		878		108		986						622		118		740		41		33
- Profit attributable to non-controlling interests		1		0		1						1		0		1		0		0
- Profit attributable to owners of parent		877		108		985						621		118		739		41		33
*Non-IFRS Key Ratios*
Operating margin in %		24.6				26.9				25.7		19.1				22.2	5.5pp		4.7pp		3.5pp
Effective tax rate in %		26.6				26.1						29.6				28.9	-3.0pp		-2.8pp
Basic earnings per share, in €		0.74				0.83						0.52				0.62		42		34


*		Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity 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.

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 June 30
	2010										2009						Change in %
									Non-IFRS												Non-IFRS
					Non-		Currency		constant												constant
€ millions	IFRS		Adj.*		IFRS*		Impact**		currency**		IFRS		Adj.*		Non-IFRS*		IFRS		Non-IFRS*		currency**
Software revenue by region
EMEA		241		0		241		-7		234		266		0		266		-9		-9		-12
Americas		269		0		269		-39		230		164		0		164		64		64		40
Asia Pacific Japan		127		0		127		-20		107		114		0		114		11		11		-6

Software revenue		637		0		637		-66		571		543		0		543		17		17		5

*Software and software-related service revenue by region*
Germany		360		0		360		0		360		329		0		329		9		9		9
Rest of EMEA		718		0		718		-26		692		701		0		701		2		2		-1
Total EMEA		1,078		0		1,078		-25		1,053		1,030		0		1,030		5		5		2
United States		616		0		616		-49		567		481		0		481		28		28		18
Rest of Americas		207		0		207		-33		174		158		0		158		31		31		10
Total Americas		822		0		822		-81		741		639		0		639		29		29		16
Japan		111		0		111		-14		97		107		0		107		4		4		-9
Rest of Asia Pacific Japan		247		0		247		-37		210		178		0		178		39		39		18
Total Asia Pacific Japan		358		0		358		-51		307		285		0		285		26		26		8

Software and software-related service revenue		2,258		0		2,258		-157		2,101		1,953		0		1,953		16		16		8

*Total revenue by region*
Germany		506		0		506		0		506		463		0		463		9		9		9
Rest of EMEA		884		0		884		-32		852		882		0		882		0		0		-3
Total EMEA		1,390		0		1,390		-32		1,358		1,345		0		1,345		3		3		1
United States		802		0		802		-62		740		663		0		663		21		21		12
Rest of Americas		275		0		275		-43		232		214		0		214		29		29		8
Total Americas		1,077		0		1,077		-106		971		877		0		877		23		23		11
Japan		125		0		125		-16		109		126		0		126		-1		-1		-13
Rest of Asia Pacific Japan		302		0		302		-45		257		229		0		229		32		32		12
Total Asia Pacific Japan		427		0		427		-61		366		355		0		355		20		20		3

Total revenue		2,894		0		2,894		-199		2,695		2,576		0		2,576		12		12		5


*		Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity 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.

F10


	Six months ended June 30
	2010										2009						Change in %
									Non-IFRS												Non-IFRS
					Non-		Currency		constant												constant
€ millions	IFRS		Adj.*		IFRS*		impact**		currency**		IFRS		Adj.*		Non-IFRS*		IFRS		Non-IFRS*		currency**
Software revenue by region
EMEA		459		0		459		-14		445		472		0		472		-3		-3		-6
Americas		440		0		440		-40		400		316		0		316		39		39		27
Asia Pacific Japan		201		0		201		-26		175		174		0		174		16		16		1

Software revenue		1,101		0		1,101		-81		1,020		962		0		962		14		14		6

*Software and software-related service revenue by region*
Germany		671		0		671		-1		670		605		0		605		11		11		11
Rest of EMEA		1,409		0		1,409		-45		1,364		1,307		4		1,311		8		7		4
Total EMEA		2,079		0		2,079		-44		2,035		1,912		4		1,916		9		9		6
United States		1,087		0		1,087		-23		1,064		941		6		947		15		15		12
Rest of Americas		399		0		399		-46		353		312		0		312		28		28		13
Total Americas		1,485		0		1,485		-68		1,417		1,253		6		1,259		19		18		13
Japan		208		0		208		-14		194		203		0		204		3		2		-5
Rest of Asia Pacific Japan		432		0		432		-54		378		326		0		327		33		32		16
Total Asia Pacific Japan		641		0		641		-69		572		530		1		530		21		21		8

Software and software-related service revenue		4,205		0		4,205		-182		4,023		3,695		11		3,706		14		13		9

*Total revenue by region*
Germany		949		0		949		0		949		895		0		896		6		6		6
Rest of EMEA		1,743		0		1,743		-56		1,687		1,673		4		1,676		4		4		1
Total EMEA		2,692		0		2,692		-56		2,636		2,568		4		2,572		5		5		2
United States		1,422		0		1,422		-27		1,395		1,313		6		1,319		8		8		6
Rest of Americas		522		0		522		-62		460		425		0		425		23		23		8
Total Americas		1,944		0		1,944		-89		1,855		1,738		6		1,744		12		11		6
Japan		235		0		235		-15		220		246		0		246		-4		-4		-11
Rest of Asia Pacific Japan		531		0		531		-68		463		422		0		423		26		26		9
Total Asia Pacific Japan		767		0		767		-84		683		668		1		669		15		15		2

Total revenue		5,403		0		5,403		-229		5,174		4,974		11		4,985		9		8		4


*		Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity 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)


	Six months ended June 30
€ millions	2010		2009		Change in %
Share-based compensation per expense line item
Cost of software and software-related services		0		2		-100
Cost of professional services and other services		1		4		-75
Research and development		8		7		14
Sales and marketing		4		4		0
General and administration		4		3		33

Total share-based compensation		17		20		-15

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)

Six months ended June 30

€ millions

2010

2009

Change in %

Net cash flows from operating activities

1,282

1,823

-30

Additions to non-current assets excluding additions from acquisitions

-125

-106

Free cash flow

1,157

1,717

-33

Differences may exist due to rounding.

DAYS SALES OUTSTANDING
(Unaudited)

as at June 30, 2010 and December 31, 2009

2010

2009

Change in days

Days sales outstanding in days*

-6


*		Day Sales Outstanding (DSO) 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)


	June 30, 2010								June 30, 2009
					Asia								Asia
					Pacific								Pacific
	EMEA		Americas		Japan		Total		EMEA		Americas		Japan		Total
Software and software-related services		3,479		1,422		2,100		7,001		3,238		1,239		1,840		6,317
Professional services and other services		6,407		3,544		2,243		12,194		6,916		3,597		2,358		12,871
Research and Development		8,288		2,458		3,600		14,346		8,620		2,553		3,889		15,062
Sales & Marketing		4,216		3,704		1,811		9,731		4,320		3,600		1,808		9,728
General & Administration		1,891		717		418		3,026		1,945		750		418		3,113
Infrastructure		1,044		471		208		1,723		888		409		179		1,476

SAP Group (June 30)		25,325		12,316		10,380		48,021		25,927		12,148		10,492		48,567


SAP Group (average H1)		25,314		12,117		10,304		47,735		26,422		12,712		10,877		50,011

F12

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

€ millions, unless otherwise stated

Q2/2010

Q1/2010

Q4/2009

Q3/2009

Q2/2009

Q1/2009

Software revenue (IFRS)

637

464

1,120

525

543

418

Revenue adjustment*

Software revenue (Non-IFRS)

637

464

1,120

525

543

418

Support revenue (IFRS)

1,526

1,394

1,364

1,333

1,337

1,252

Revenue adjustment*

Support revenue (Non-IFRS)

1,526

1,394

1,364

1,333

1,337

1,263

Subscription and other software-related
service revenue (IFRS)

Revenue adjustment*

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

Software and software-related service
revenue (IFRS)

2,258

1,947

2,566

1,937

1,953

1,741

Revenue adjustment*

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

2,258

1,947

2,566

1,937

1,953

1,752

Total revenue (IFRS)

2,894

2,509

3,190

2,508

2,576

2,397

Revenue adjustment*

Total revenue (Non-IFRS)

2,894

2,509

3,190

2,508

2,576

2,408

Operating profit (IFRS)

774

557

1,022

619

641

307

Revenue adjustment*

Expense adjustment*

113

Operating profit (Non-IFRS)

840

612

1,134

687

710

396

Operating margin (IFRS)

26.7

22.2

32.0

24.7

24.9

12.8

Operating margin (Non-IFRS)

29.0

24.4

35.5

27.4

27.6

16.4

Effective tax rate (IFRS)

27.4

25.7

31.1

20.5

28.5

31.7

Effective tax rate (Non-IFRS)

26.8

25.3

30.5

21.0

28.1

30.1

Basic earnings per share, in € (IFRS)

0.41

0.33

0.57

0.38

0.36

0.17

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

0.46

0.37

0.64

0.42

0.40

0.22

Headcount**

48,021

47,598

47,584

47,810

48,567

49,922


*		Adjustments in the revenue line items are for support revenue that an entity acquired by SAP would have recognized had it remained a stand-alone entity 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. The non-IFRS measures as defined below replaced the Non GAAP measures which we used until the termination of our US 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 revenue and operating profit. However, the basis for the compensation is 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 corporate 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 an entity acquired by SAP had it remained a stand-alone entity 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 acquisition.

Under IFRS, we record at fair value the support contracts in effect at the time an entity was 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 the acquisition 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

F14

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 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 adjustments outlined above and exclude the expense adjustments 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 view 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 will use internally beginning in 2010 with our migration to IFRS.

•

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.

F15

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.

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 has 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


	Page
Financial Statements (IFRS)
Income Statements — Quarter		F1
Statements of Comprehensive Income — Quarter		F2
Income Statements — Half Year		F3
Statements of Comprehensive Income — Half Year		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		F12
Headcount		F12
Multi-Quarter Summary		F13
Explanations of Non-IFRS Measures	F14 to F16