6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

October 25, 2016

Commission file number:

1-14251

SAP SE

(Exact name of registrant as specified in its charter)

SAP EUROPEAN COMPANY

(Translation of registrant’s name into English)

Dietmar-Hopp-Allee 16

69190 Walldorf

Federal Republic of Germany

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F        [X] Form 40-F        [  ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes                    [  ] No                    [X]

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .

TABLE OF CONTENTS

EXHIBITS	3
SIGNATURES	4
EXHIBIT INDEX	5
Exhibit 99.1

SAP SE

FORM 6-K

On October 24, 2016, SAP SE, (“SAP”), filed a quarterly statement (the “Quarterly Statement”) with Deutsche Boerse AG announcing its financial results for the third quarter and nine months ended September 30, 2016. The Quarterly Statement is attached as Exhibit 99.1 hereto and incorporated by reference herein.

This Quarterly Statement discloses certain non-IFRS measures. These measures are not prepared in accordance with IFRS and are therefore considered non-IFRS financial measures. 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.

Please refer to Explanations of Non-IFRS Measures online (http://global.sap.com/corporate-en/investors/pdf/sap-non-ifrs-measures.pdf) for further information regarding the non-IFRS measures.

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 (the “SEC”), including SAP’s most recent Annual Report on Form 20-F for 2015 filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

2

EXHIBITS

Exhibit No.	Exhibit
99.1	Quarterly Statement dated October 21, 2016

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

SAP SE
(Registrant)
By:	/s/ Christoph Huetten
	Name:	Dr. Christoph Huetten
	Title:	Chief Accounting Officer
By:	/s/ Christopher Sessar
	Name:	Dr. Christopher Sessar
	Title:	Head of Corporate External Reporting

Date: October 25, 2016

4

EXHIBIT INDEX

Exhibit No.	Exhibit
99.1	Quarterly Statement dated October 21, 2016

5

EX-99.1

Exhibit 99.1

SAP Q3 2016 Quarterly Statement

SAP Raises Outlook After Strong Third Quarter

¡ Cloud and software revenue up 8% (IFRS) and up 9% (non-IFRS at constant currencies)

¡ Cloud revenue up 28% (IFRS) and up 29% (non-IFRS at constant currencies)

¡ Operating profit down 9% (IFRS) and up 1% (non-IFRS at constant currencies)

¡ Operating cash flow up 52% in the third quarter and up 12% year-to-date

¡ SAP S/4HANA is leading the digital transformation with more than 4,100 customers

Cloud Subscriptions &		Share of	Total Revenue
Support Revenue		Predictable Revenue
in € millions		in percent	in € millions
IFRS	Non-IFRS	2016	IFRS	Non-IFRS
769	769	64%	5,375	5,375
+28%	+28% (+29% cc)	+1 p.p.	+8%	+8% (+8% cc)

  “Strong customer adoption of the SAP portfolio is driving results beyond expectations. The S/4HANA innovation cycle is the fastest in our history and is catalyzing the performance of all SAP cloud solutions. We are a growth company and confidently raise our guidance for the full year.”   Bill McDermott, CEO     “In the third quarter we demonstrated continued momentum and strong execution. Year to date we are tracking to the upper end of all outlook metrics set at the beginning of the year. Paired with a robust pipeline, this gives us the confidence that we will deliver yet another strong fourth quarter.”   Luka Mucic, CFO  

SAP Q3 2016 Quarterly Statement 1

Walldorf, Germany – October 21, 2016

SAP SE (NYSE: SAP) today announced its financial results for the third quarter and nine months ended September 30, 2016.

Business Highlights

Financial Highlights

Third quarter IFRS cloud subscriptions and support revenue grew 28% year-over-year to €769 million. Non-IFRS cloud subscriptions and support revenue rose 28% year-over-year (29% at constant currencies) to €769 million. New cloud bookings¹ were up 24% (24% at constant currencies) in the third quarter and reached €265 million.

SAP’s 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 64% of total revenue in the third quarter 2016, up 1 percentage point.

SAP is outpacing its main competitor in cloud and software revenue growth. IFRS cloud and software revenue was €4.45 billion, an increase of 8%. Non-IFRS cloud and software revenue was €4.46 billion, an increase of 8% (9% at constant currencies).

IFRS operating profit was down 9% to €1.10 billion reflecting an increase in stock based compensation expense following the strong appreciation of SAP’s share price in the third quarter. Non-IFRS operating profit was up 1% to €1.64 billion. IFRS earnings per share decreased 19% to €0.61. Non-IFRS earnings per share decreased 7% to €0.91. This decline was due to higher stock based compensation expense (IFRS only) and lower non-operating and financial income.

For the nine months ended September 30, operating cash flow was €3.63 billion (2015: €3.24 billion), an increase of 12% year-over-year, and free cash flow increased 5% year-over-year to €2.96 billion (2015: €2.82 billion).

SAP S/4HANA and SAP HANA Cloud Platform

SAP added more than 400 SAP S/4HANA customers in the quarter, of which approximately 40% are net new SAP customers. Customers continue to embrace the benefits of running a live business on a massively simplified architecture. The SAP HANA Cloud Platform allows customers to extend functionalities, build new fast-paced applications with rapid development tools, and integrate across applications and deployment models. The HANA Cloud Platform is instrumental in the Internet of Things (IoT) revolution by providing connectivity to a large variety of devices and machines. With SAP IoT technology, customers like Trenitalia, Italy’s largest train company, are connecting transportation vehicles and tools to revolutionize asset management with real-time insights from sensors.

Human Capital Management

SAP continues to gain traction with its cloud-based Human Capital Management solutions. SAP delivers total workforce management solutions globally across permanent and contingent labor. SAP is infusing intelligent services like automated matching of resumes to open positions and machine learning to root out bias in the workplace while promoting diversity and inclusion. The customer count for SAP SuccessFactors Employee Central, which is the core of our Human Capital Management offerings, exceeded 1,350 at the end of the third 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 high double-digit year-over-year customer growth in the third 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 17% at constant currencies in the third quarter.

Approximately 2.4 million connected companies trade over $840 billion of commerce on the Ariba network, more than 44 million end users process travel and expenses effortlessly with Concur and customers managed over 2.8 million flexible workers in approximately 130 countries with the Fieldglass platform over the past 12 months.

Regional Revenue Performance

The Company had a strong performance in the EMEA region, with an increase in cloud and software revenue of 6% (IFRS) and 8% (non-IFRS at constant currencies). Cloud subscriptions and support revenue grew 34% (IFRS) and 38% (non-IFRS at constant currencies). In EMEA, SAP had double-digit software licenses revenue growth in Germany, France, UK and South Africa.

¹New 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.

SAP Q3 2016 Quarterly Statement 2

In the Americas region, the Company grew cloud and software revenue by 9% (IFRS) and 9% (non-IFRS at constant currencies) and cloud subscriptions and support revenue by 24% (IFRS) and 24% (non-IFRS at constant currencies). In Latin America, despite continued macroeconomic headwinds, SAP had solid double-digit growth in software licenses revenue in Brazil and Mexico.

In the APJ region cloud and software revenue was up 13% (IFRS) and 8% (non-IFRS at constant currencies), with cloud subscriptions and support revenue growing by 50% (IFRS) and 46% (non-IFRS at constant currencies). In APJ, SAP had double-digit software licenses revenue growth in Japan, Malaysia and Singapore and solid software licenses revenue growth in SAP’s Greater China region².

² SAP’s Greater China region includes China, Hong Kong and Taiwan.

SAP Q3 2016 Quarterly Statement 3

Financial Results at a Glance

Third Quarter 20161)
	IFRS						Non-IFRS2)
€ million, unless otherwise stated	Q3 2016		Q3 2015		D in %		Q3 2016		Q3 2015		D in %		D in % const. curr.
New Cloud Bookings3)		N/A		N/A		N/A		265		213		24		24
Cloud subscriptions and support		769		599		28		769		600		28		29
Software licenses and support		3,686		3,523		5		3,687		3,524		5		5
Cloud and software		4,455		4,122		8		4,456		4,124		8		9
Total revenue		5,375		4,985		8		5,375		4,987		8		8
Share of predictable revenue (in %)		64		62		1pp		64		62		1pp
Operating profit		1,103		1,214		–9		1,638		1,616		1		1
Profit after tax		725		895		–19		1,089		1,173		–7
Basic earnings per share (€)		0.61		0.75		–19		0.91		0.98		–7
Number of employees (FTE)		82,426		75,643		9		N/A		N/A		N/A		N/A

First Nine Months 20161)
	IFRS						Non-IFRS2)
€ million, unless otherwise stated	Q1–Q3 2016		Q1–Q3 2015		D in %		Q1–Q3 2016		Q1–Q3 2015		D in %		D in % const. curr.
New Cloud Bookings3)		N/A		N/A		N/A		664		529		26		27
Cloud subscriptions and support		2,166		1,654		31		2,168		1,664		30		32
Software licenses and support		10,497		10,183		3		10,500		10,184		3		5
Cloud and software		12,663		11,837		7		12,668		11,848		7		8
Total revenue		15,339		14,451		6		15,343		14,462		6		8
Share of predictable revenue (in %)		65		63		2pp		65		63		2pp
Operating profit		3,184		2,552		25		4,258		4,066		5		5
Profit after tax		2,108		1,778		19		2,832		2,831		0
Basic earnings per share (€)		1.77		1.49		19		2.37		2.37		0
Number of employees (FTE)		82,426		75,643		9		N/A		N/A		N/A		N/A

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 14 in this Quarterly Statement.

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

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 4

Business Outlook 2016

The Company is raising its outlook for the full year 2016:

– The Company now expects full year 2016 non-IFRS cloud subscriptions and support revenue to be in a range of €3.00 - €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 now expects full year 2016 non-IFRS cloud and software revenue to increase by 6.5% - 8.5% at constant currencies (2015: €17.23 billion).

– The Company now expects full-year 2016 non-IFRS operating profit to be in a range of €6.5 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 September 2016 levels for the rest of the year, the Company expects its non-IFRS cloud and software revenue growth rate to experience a currency impact in a range of -3 to -1 percentage points for the fourth quarter and the full year 2016 and its non-IFRS operating profit growth rate to experience a currency impact in a range of -2 to 0 percentage points for the fourth quarter and the full year 2016.

Additional Information

General Remarks About this Quarterly Statement

Until 2015, 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. Starting in 2016, we issue a quarterly statement for each of the four fiscal quarters. Additionally, we issue a half year report and a full year integrated report 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 Friday, October 21st 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 335,000 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)

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 Q3 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		Q3 2016
Revenues
Cloud subscriptions and support (IFRS)		503		552		599		631		2,286		677		720		769
Cloud subscriptions and support (non-IFRS)		509		555		600		632		2,296		678		721		769
% change – yoy		131		129		116		76		109		33		30		28
% change constant currency – yoy		95		92		90		60		82		33		33		29
Software licenses (IFRS)		696		979		1,014		2,146		4,835		609		1,040		1,034
Software licenses (non-IFRS)		696		979		1,015		2,146		4,836		609		1,042		1,034
% change – yoy		12		2		7		15		10		–13		6		2
% change constant currency – yoy		1		–7		4		11		4		–10		10		2
Software support (IFRS)		2,454		2,531		2,509		2,600		10,093		2,564		2,598		2,653
Software support (non-IFRS)		2,454		2,531		2,509		2,600		10,094		2,564		2,598		2,653
% change – yoy		17		17		12		11		14		5		3		6
% change constant currency – yoy		7		7		6		6		7		5		6		6
Software licenses and support (IFRS)		3,150		3,510		3,523		4,745		14,928		3,172		3,639		3,686
Software licenses and support (non-IFRS)		3,150		3,510		3,524		4,745		14,930		3,173		3,640		3,687
% change – yoy		16		13		11		13		13		1		4		5
% change constant currency – yoy		5		3		6		9		6		2		7		5
Cloud and software (IFRS)		3,653		4,062		4,122		5,377		17,214		3,850		4,359		4,455
Cloud and software (non-IFRS)		3,659		4,065		4,124		5,378		17,226		3,851		4,361		4,456
% change – yoy		24		21		19		18		20		5		7		8
% change constant currency – yoy		12		9		12		13		12		6		11		9
Total revenue (IFRS)		4,497		4,970		4,985		6,342		20,793		4,727		5,237		5,375
Total revenue (non-IFRS)		4,502		4,972		4,987		6,343		20,805		4,728		5,239		5,375
% change – yoy		22		20		17		16		18		5		5		8
% change constant currency – yoy		10		8		10		11		10		6		9		8
Share of predictable revenue (IFRS, in %)		66		62		62		51		60		69		63		64
Share of predictable revenue (non-IFRS, in %)		66		62		62		51		60		69		63		64
Profits
Operating profit (IFRS)		638		701		1,214		1,700		4,252		813		1,269		1,103
Operating profit (non-IFRS)		1,056		1,394		1,616		2,282		6,348		1,104		1,516		1,638
% change		15		13		19		7		13		5		9		1
% change constant currency		–2		1		15		3		5		4		11		1
Profit after tax (IFRS)		413		469		895		1,278		3,056		570		813		725
Profit after tax (non-IFRS)		697		960		1,173		1,670		4,501		763		979		1,089
% change		5		2		16		6		8		9		2		–7
Margins
Cloud subscriptions and support gross margin (IFRS, in %)		55.3		56.5		57.9		51.8		55.3		57.5		57.0		56.7
Cloud subscriptions and support gross margin (non-IFRS, in %)		65.1		65.7		68.8		63.0		65.6		66.3		65.2		64.9
Software and support gross margin (IFRS, in %)		82.8		84.0		85.0		86.1		84.7		84.2		86.1		85.4
Software and support gross margin (non-IFRS, in %)		85.1		86.1		86.7		87.7		86.6		85.9		87.4		87.4
Cloud and software gross margin (IFRS, in %)		79.0		80.3		81.1		82.1		80.8		79.5		81.3		80.5
Cloud and software gross margin (non-IFRS, in %)		82.3		83.3		84.1		84.8		83.8		82.4		83.7		83.5
Gross margin (IFRS, in %)		66.8		69.0		70.7		72.4		70.0		67.0		70.4		69.4
Gross margin (non-IFRS, in %)		70.6		72.4		73.6		75.6		73.3		69.7		72.7		72.7
Operating margin (IFRS, in %)		14.2		14.1		24.3		26.8		20.5		17.2		24.2		20.5
Operating margin (non-IFRS, in %)		23.5		28.0		32.4		36.0		30.5		23.4		28.9		30.5

SAP Q3 2016 Quarterly Statement 6

€ millions, unless otherwise stated	Q1 2015		Q2 2015		Q3 2015		Q4 2015		TY 2015		Q1 2016		Q2 2016		Q3 2016
AT&S Segment1) – Cloud subscriptions and support gross margin (in %)		50		51		56		51		52		54		52		51
AT&S Segment1) – Gross margin (in %)		71		73		74		77		74		70		73		74
AT&S Segment1) – Segment margin (in %)		34		39		43		46		41		34		40		40
SAP BN Segment2) – Cloud subscriptions and support gross margin (in %)		75		75		77		72		75		75		76		77
SAP BN Segment2) – Gross margin (in %)		68		68		71		65		68		67		68		68
SAP BN Segment2) – Segment margin (in %)		18		16		24		20		19		16		18		20
Key Profit Ratios
Effective tax rate (IFRS, in %)		13.6		26.4		27.1		22.4		23.4		23.3		28.9		28.4
Effective tax rate (non-IFRS, in %)		22.3		27.8		28.0		25.1		26.1		26.2		29.6		29.7
Earnings per share, basic (IFRS, in €)		0.35		0.39		0.75		1.07		2.56		0.48		0.68		0.61
Earnings per share, basic (non-IFRS, in €)		0.58		0.80		0.98		1.40		3.77		0.64		0.82		0.91
Order Entry
New Cloud Bookings		117		199		213		344		874		145		255		265
Deferred cloud subscriptions and support revenue (IFRS, quarter end)		793		789		782		957		957		953		1,003		1,081
Orders – Number of on-premise software deals (in transactions)		12,037		13,504		14,027		17,871		57,439		12,884		14,468		13,048
Share of software orders greater than € 5 million (in % of total software order entry)		23		24		24		31		27		17		29		26
Share of software orders greater than € 1 million (in % of total software order entry)		49		41		44		34		40		48		38		40
Liquidity and Cash Flow
Net cash flows from operating activities		2,366		410		466		397		3,638		2,482		439		707
Purchase of intangible assets and property, plant, and equipment (without acquisitions)		–139		–137		–148		–212		–636		–168		–237		–261
Free cash flow		2,227		273		317		184		3,001		2,313		202		446
% of total revenue (IFRS)		50		5		6		3		14		49		4		8
% of profit after tax (IFRS)		539		58		35		14		98		406		25		61
Group liquidity, gross		5,333		4,180		4,608		3,559		3,559		5,853		4,347		4,388
Group debt		–10,524		–10,432		–10,428		–9,174		–9,174		–9,080		–8,593		–8,134
Group liquidity, net		–5,191		–6,251		–5,820		–5,615		–5,615		–3,227		–4,245		–3,746
Days’ sales outstanding (DSO, in days)3)		67		68		69		71		71		72		73		74
Financial Position
Cash and cash equivalents		4,635		3,923		3,844		3,411		3,411		5,743		4,206		4,112
Goodwill		22,896		22,300		22,222		22,689		22,689		21,922		22,354		22,276
Total assets		43,753		41,088		40,649		41,390		41,390		42,884		41,788		41,601
Equity		22,117		20,801		21,540		23,295		23,295		22,920		22,963		23,764
Equity ratio (total equity in % of total assets)		51		51		53		56		56		53		55		57
Non-Financials
Headcount (quarter end)4)		74,551		74,497		75,643		76,986		76,986		78,230		79,962		82,426
Employee retention (in %, rolling 12 months)		93.3		92.6		91.9		91.8		91.8		92.0		92.6		93.4
Women in management (in %, quarter end)		22.3		22.9		23.2		23.6		23.6		23.6		24.1		24.3
Greenhouse gas emissions (in kilotons)		145		125		110		75		455		120		95		85

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 Q3 2016 Quarterly Statement 7

Consolidated Income Statements of SAP Group (IFRS) – Quarter

€ millions, unless otherwise stated	Q3 2016		Q3 2015		D in %
Cloud subscriptions and support		769		599		28
Software licenses		1,034		1,014		2
Software support		2,653		2,509		6
Software licenses and support		3,686		3,523		5
Cloud and software		4,455		4,122		8
Services		920		863		7
Total revenue		5,375		4,985		8
Cost of cloud subscriptions and support		–333		–252		32
Cost of software licenses and support		–537		–528		2
Cost of cloud and software		–870		–780		11
Cost of services		–776		–680		14
Total cost of revenue		–1,646		–1,460		13
Gross profit		3,729		3,525		6
Research and development		–766		–657		17
Sales and marketing		–1,590		–1,269		25
General and administration		–268		–239		12
Restructuring		1		–145		<-100
Other operating income/expense, net		–4		–3		55
Total operating expenses		–4,272		–3,771		13
Operating profit		1,103		1,214		–9
Other non-operating income/expense, net		–43		–26		65
Finance income		32		102		–69
Finance costs		–78		–60		30
Financial income, net		–46		42		<-100
Profit before tax		1,013		1,229		–18
Income tax expense		–288		–333		–14
Profit after tax		725		895		–19
Attributable to owners of parent		730		898		–19
Attributable to non-controlling interests		–5		–2		>100
Earnings per share, basic (in €)1)		0.61		0.75		–19
Earnings per share, diluted (in €)1)		0.61		0.75		–19

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

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 8

Consolidated Statements of Income of SAP Group (IFRS) – Nine Months

€ millions, unless otherwise stated	Q1–Q3 2016		Q1–Q3 2015		D in %
Cloud subscriptions and support		2,166		1,654		31
Software licenses		2,682		2,689		0
Software support		7,815		7,494		4
Software licenses and support		10,497		10,183		3
Cloud and software		12,663		11,837		7
Services		2,675		2,614		2
Total revenue		15,339		14,451		6
Cost of cloud subscriptions and support		–930		–717		30
Cost of software licenses and support		–1,543		–1,631		–5
Cost of cloud and software		–2,474		–2,349		5
Cost of services		–2,282		–2,145		6
Total cost of revenue		–4,756		–4,494		6
Gross profit		10,583		9,957		6
Research and development		–2,184		–2,049		7
Sales and marketing		–4,461		–4,027		11
General and administration		–727		–766		–5
Restructuring		–20		–563		–96
Other operating income/expense, net		–5		0		<-100
Total operating expenses		–12,154		–11,899		2
Operating profit		3,184		2,552		25
Other non-operating income/expense, net		–180		–228		–21
Finance income		105		189		–44
Finance costs		–210		–169		24
Financial income, net		–105		20		<-100
Profit before tax		2,900		2,344		24
Income tax expense		–792		–567		40
Profit after tax		2,108		1,778		19
Attributable to owners of parent		2,118		1,783		19
Attributable to non-controlling interests		–10		–5		98
Earnings per share, basic (in €)1)		1.77		1.49		19
Earnings per share, diluted (in €)1)		1.77		1.49		19

¹⁾ For the nine months ended September 30, 2016 and 2015, the weighted average number of shares was 1,198 million (diluted 1,199 million) and 1,196 million (diluted: 1,197 million), respectively (treasury stock excluded).

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 9

Consolidated Statements of Financial Position of SAP Group (IFRS)

as at September 30, 2016 and December 31, 2015
€ millions	2016		2015
Cash and cash equivalents		4,112		3,411
Other financial assets		501		351
Trade and other receivables		4,824		5,274
Other non-financial assets		636		468
Tax assets		300		235
Total current assets		10,374		9,739
Goodwill		22,276		22,689
Intangible assets		3,730		4,280
Property, plant, and equipment		2,373		2,192
Other financial assets		1,411		1,336
Trade and other receivables		111		87
Other non-financial assets		396		332
Tax assets		391		282
Deferred tax assets		539		453
Total non-current assets		31,227		31,651
Total assets		41,601		41,390
€ millions	2016		2015
Trade and other payables		1,114		1,088
Tax liabilities		249		230
Financial liabilities		1,269		841
Other non-financial liabilities		2,752		3,407
Provisions		192		299
Deferred income		3,373		2,001
Total current liabilities		8,949		7,867
Trade and other payables		113		81
Tax liabilities		448		402
Financial liabilities		7,248		8,681
Other non-financial liabilities		405		331
Provisions		191		180
Deferred tax liabilities		392		448
Deferred income		90		106
Total non-current liabilities		8,888		10,228
Total liabilities		17,837		18,095
Issued capital		1,229		1,229
Share premium		565		558
Retained earnings		20,785		20,044
Other components of equity		2,263		2,561
Treasury shares		–1,101		–1,124
Equity attributable to owners of parent		23,742		23,267
Non-controlling interests		22		28
Total equity		23,764		23,295
Total equity and liabilities		41,601		41,390

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 10

Consolidated Statements of Cash Flows of SAP Group (IFRS)

€ millions	Q1–Q3 2016		Q1–Q3 2015
Profit after tax		2,108		1,778
Adjustments to reconcile profit after taxes to net cash flows from operating activities:
Depreciation and amortization		932		965
Income tax expense		792		567
Financial income, net		105		–20
Decrease/increase in sales and bad debt allowances on trade receivables		61		111
Other adjustments for non-cash items		8		–12
Decrease/increase in trade and other receivables		290		197
Decrease/increase in other assets		–351		–212
Decrease/increase in trade payables, provisions, and other liabilities		–583		–248
Decrease/increase in deferred income		1,402		1,216
Interest paid		–145		–111
Interest received		57		60
Income taxes paid, net of refunds		–1,048		–1,049
Net cash flows from operating activities		3,628		3,241
Business combinations, net of cash and cash equivalents acquired		–54		–13
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		–54		253
Purchase of intangible assets or property, plant, and equipment		–666		–424
Proceeds from sales of intangible assets or property, plant, and equipment		48		46
Purchase of equity or debt instruments of other entities		–559		–1,709
Proceeds from sales of equity or debt instruments of other entities		457		1,042
Net cash flows from investing activities		–773		–793
Dividends paid		–1,378		–1,316
Proceeds from reissuance of treasury shares		24		58
Proceeds from borrowings		401		1,745
Repayments of borrowings		–1,394		–2,520
Transactions with non-controlling interests		3		0
Net cash flows from financing activities		–2,345		–2,033
Effect of foreign currency rates on cash and cash equivalents		192		101
Net decrease/increase in cash and cash equivalents		702		516
Cash and cash equivalents at the beginning of the period		3,411		3,328
Cash and cash equivalents at the end of the period		4,112		3,844

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 11

Segment Reporting (IFRS)

Applications, Technology & Services

€ millions, unless otherwise stated			Q3 2016		Q3 2015		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support		353		359		244		45		47
Software licenses		1,013		1,017		1,001		1		2
Software support		2,626		2,639		2,482		6		6
Software licenses and support		3,639		3,656		3,482		4		5
Cloud and software		3,992		4,014		3,727		7		8
Services		824		828		800		3		4
Total segment revenue		4,816		4,843		4,526		6		7
Cost of cloud subscriptions and support		–171		–171		–108		59		59
Cost of software licenses and support		–461		–464		–453		2		2
Cost of cloud and software		–632		–635		–560		13		13
Cost of services		–635		–643		–613		4		5
Total cost of revenue		–1,268		–1,278		–1,173		8		9
Segment gross profit		3,548		3,565		3,353		6		6
Other segment expenses		–1,598		–1,616		–1,420		13		14
Segment profit		1,950		1,948		1,933		1		1
Margins
Cloud subscriptions and support gross margin (in %)		51		52		56		–4pp		–4pp
Gross margin (in %)		74		74		74		–0pp		–0pp
Segment margin (in %)		40		40		43		–2pp		–2pp
SAP Business Network
€ millions, unless otherwise stated			Q3 2016		Q3 2015		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support		404		405		347		17		17
Software licenses		0		0		0		0		0
Software support		6		5		8		–31		–31
Software licenses and support		5		5		8		–31		–32
Cloud and software		410		410		355		15		16
Services		75		75		57		32		32
Total segment revenue		485		486		412		18		18
Cost of cloud subscriptions and support		–94		–94		–79		19		20
Cost of software licenses and support		0		0		0		0		0
Cost of cloud and software		–94		–95		–79		19		20
Cost of services		–61		–62		–41		47		49
Total cost of revenue		–155		–156		–120		29		30
Segment gross profit		330		329		292		13		13
Other segment expenses		–235		–238		–194		21		23
Segment profit		95		92		98		–3		–7
Margins
Cloud subscriptions and support gross margin (in %)		77		77		77		–1pp		–1pp
Gross margin (in %)		68		68		71		–3pp		–3pp
Segment margin (in %)		20		19		24		–4pp		–5pp

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 12

Applications, Technology & Services

€ millions, unless otherwise stated			Q1–Q3 2016		Q1–Q3 2015		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support		969		986		660		47		49
Software licenses		2,629		2,682		2,647		–1		1
Software support		7,738		7,839		7,416		4		6
Software licenses and support		10,367		10,521		10,063		3		5
Cloud and software		11,336		11,507		10,723		6		7
Services		2,454		2,499		2,406		2		4
Total segment revenue		13,789		14,006		13,130		5		7
Cost of cloud subscriptions and support		–461		–466		–313		47		49
Cost of software licenses and support		–1,383		–1,402		–1,400		–1		0
Cost of cloud and software		–1,845		–1,869		–1,713		8		9
Cost of services		–1,983		–2,032		–1,880		6		8
Total cost of revenue		–3,828		–3,900		–3,593		7		9
Segment gross profit		9,961		10,106		9,537		4		6
Other segment expenses		–4,701		–4,794		–4,456		5		8
Segment profit		5,261		5,311		5,081		4		5
Margins
Cloud subscriptions and support gross margin (in %)		52		53		53		–0pp		0pp
Gross margin (in %)		72		72		73		–0pp		–0pp
Segment margin (in %)		38		38		39		–1pp		–1pp

SAP Business Network

€ millions, unless otherwise stated			Q1–Q3 2016		Q1–Q3 2015		D in %		D in %
	Actual Currency		Constant Currency		Actual Currency		Actual Currency		Constant Currency
Cloud subscriptions and support		1,166		1,171		981		19		19
Software licenses		0		0		0		0		0
Software support		20		20		25		–19		–20
Software licenses and support		20		20		24		–19		–19
Cloud and software		1,185		1,191		1,006		18		18
Services		218		220		174		25		26
Total segment revenue		1,404		1,411		1,180		19		20
Cost of cloud subscriptions and support		–278		–281		–238		17		18
Cost of software licenses and support		0		0		–1		0		–47
Cost of cloud and software		–278		–281		–238		17		18
Cost of services		–177		–180		–130		36		39
Total cost of revenue		–455		–461		–368		24		25
Segment gross profit		949		950		812		17		17
Other segment expenses		–694		–704		–584		19		21
Segment profit		255		245		228		12		8
Margins
Cloud subscriptions and support gross margin (in %)		76		76		76		0pp		0pp
Gross margin (in %)		68		67		69		–1pp		–1pp
Segment margin (in %)		18		17		19		–1pp		–2pp

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 13

  Reconciliation from Non-IFRS Numbers to IFRS Numbers

€ millions, unless otherwise stated									Q3 2016						Q3 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		769		0		769		6		775		599		1		600		28		28		29
Software licenses		1,034		0		1,034		3		1,037		1,014		1		1,015		2		2		2
Software support		2,653		0		2,653		13		2,666		2,509		0		2,509		6		6		6
Software licenses and support		3,686		0		3,687		17		3,703		3,523		1		3,524		5		5		5
Cloud and software		4,455		1		4,456		23		4,479		4,122		2		4,124		8		8		9
Services		920		0		920		4		924		863		0		863		7		7		7
Total revenue		5,375		1		5,375		27		5,402		4,985		2		4,987		8		8		8
Operating Expense Numbers
Cost of cloud subscriptions and support		–333		63		–270						–252		65		–187		32		44
Cost of software licenses and support		–537		71		–465						–528		61		–468		2		–1
Cost of cloud and software		–870		135		–735						–780		126		–655		11		12
Cost of services		–776		45		–732						–680		19		–661		14		11
Total cost of revenue		–1,646		179		–1,466						–1,460		144		–1,316		13		11
Gross profit		3,729		180		3,909						3,525		147		3,671		6		6
Research and development		–766		86		–679						–657		25		–632		17		8
Sales and marketing		–1,590		214		–1,376						–1,269		77		–1,191		25		16
General and administration		–268		56		–211						–239		8		–230		12		–8
Restructuring		1		–1		0						–145		145		0		<-100		NA
Other operating income/expense, net		–4		0		–4						–3		0		–3		55		55
Total operating expenses		–4,272		534		–3,738		–39		–3,777		–3,771		400		–3,372		13		11		12
Profit Numbers
Operating profit		1,103		535		1,638		–12		1,625		1,214		402		1,616		–9		1		1
Other non-operating income/expense, net		–43		0		–43						–26		0		–26		65		65
Finance income		32		0		32						102		0		102		–69		–69
Finance costs		–78		0		–78						–60		0		–60		30		30
Financial income, net		–46		0		–46						42		0		42		<-100		<-100
Profit before tax		1,013		535		1,548						1,229		402		1,631		–18		–5
Income tax expense		–288		–171		–459						–333		–124		–457		–14		0
Profit after tax		725		364		1,089						895		278		1,173		–19		–7
Attributable to owners of parent		730		364		1,094						898		278		1,176		–19		–7
Attributable to non-controlling interests		–5		0		–5						–2		0		–2		>100		>100
Key Ratios
Operating margin (in %)		20.5				30.5				30.1		24.3				32.4		–3.8pp		–1.9pp		–2.3pp
Effective tax rate (in %)3)		28.4				29.7						27.1				28.0		1.3pp		1.6pp
Earnings per share, basic (in €)		0.61				0.91						0.75				0.98		–19		–7

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 Q3 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”.

³⁾ The difference between our IFRS and non-IFRS effective tax rate in Q3 2016 and Q3 2015 mainly results from tax effects of acquisition-related charges and share-based payment expenses.

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 15

€ millions, unless otherwise stated									Q1–Q3 2016						Q1–Q3 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		2,166		2		2,168		23		2,191		1,654		9		1,664		31		30		32
Software licenses		2,682		2		2,685		54		2,739		2,689		1		2,690		0		0		2
Software support		7,815		0		7,815		102		7,917		7,494		0		7,494		4		4		6
Software licenses and support		10,497		3		10,500		156		10,656		10,183		1		10,184		3		3		5
Cloud and software		12,663		4		12,668		179		12,847		11,837		11		11,848		7		7		8
Services		2,675		0		2,675		47		2,723		2,614		0		2,614		2		2		4
Total revenue		15,339		4		15,343		226		15,569		14,451		11		14,462		6		6		8
Operating Expense Numbers
Cost of cloud subscriptions and support		–930		181		–749						–717		162		–555		30		35
Cost of software licenses and support		–1,543		170		–1,373						–1,631		207		–1,424		–5		–4
Cost of cloud and software		–2,474		352		–2,122						–2,349		369		–1,979		5		7
Cost of services		–2,282		74		–2,208						–2,145		111		–2,034		6		9
Total cost of revenue		–4,756		426		–4,330						–4,494		480		–4,014		6		8
Gross profit		10,583		430		11,013						9,957		491		10,448		6		5
Research and development		–2,184		135		–2,049						–2,049		133		–1,917		7		7
Sales and marketing		–4,461		405		–4,056						–4,027		268		–3,759		11		8
General and administration		–727		83		–644						–766		60		–706		–5		–9
Restructuring		–20		20		0						–563		563		0		–96		NA
Other operating income/expense, net		–5		0		–5						0		0		0		<-100		<-100
Total operating expenses		–12,154		1,069		–11,085		–217		–11,302		–11,899		1,504		–10,396		2		7		9
Profit Numbers
Operating profit		3,184		1,073		4,258		10		4,268		2,552		1,514		4,066		25		5		5
Other non-operating income/expense, net		–180		0		–180						–228		0		–228		–21		–21
Finance income		105		0		105						189		0		189		–44		–44
Finance costs		–210		0		–210						–169		0		–169		24		24
Financial income, net		–105		0		–105						20		0		20		<-100		<-100
Profit before tax		2,900		1,073		3,973						2,344		1,514		3,858		24		3
Income tax expense		–792		–350		–1,142						–567		–461		–1,027		40		11
Profit after tax		2,108		724		2,832						1,778		1,053		2,831		19		0
Attributable to owners of parent		2,118		724		2,842						1,783		1,053		2,836		19		0
Attributable to non-controlling interests		–10		0		–10						–5		0		–5		98		98
Key Ratios
Operating margin (in %)		20.8				27.8				27.4		17.7				28.1		3.1pp		–0.4pp		–0.7pp
Effective tax rate (in %)3)		27.3				28.7						24.2				26.6		3.1pp		2.1pp
Earnings per share, basic (in €)		1.77				2.37						1.49				2.37		19		0

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.

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”.

SAP Q3 2016 Quarterly Statement 16

³⁾ The difference between our IFRS and non-IFRS effective tax rate in the first nine months of 2016 mainly results from tax effects of acquisition-related charges and share-based payment expenses. The difference between our IFRS and non-IFRS effective tax rate in the first nine months of 2015 mainly results from tax effects of acquisition-related charges, restructuring and share-based payment expenses.

Due to rounding, numbers may not add up precisely.

SAP Q3 2016 Quarterly Statement 17

Non-IFRS Adjustments – Actuals and Estimates

€ millions	Estimated Amounts for Full Year 2016		Q3 2016		Q1–Q3 2016		Q3 2015		Q1–Q3 2015
Operating profit (IFRS)				1,103		3,184		1,214		2,552
Revenue adjustments		<20		1		4		2		11
Adjustment for acquisition-related charges		670 to 720		168		504		183		554
Adjustment for share-based payment expenses		770 to 840		368		545		72		386
Adjustment for restructuring		30 to 50		–1		20		145		563
Operating expense adjustments				534		1,069		400		1,504
Operating profit adjustments				535		1,073		402		1,514
Operating profit (Non-IFRS)				1,638		4,258		1,616		4,066

Non-IFRS Adjustments by Functional Areas

€ millions	Q3 2016												Q3 2015
	IFRS		Acquisition- related		SBP1)		Restruc- turing		Non-IFRS		IFRS		Acquisition- Related		SBP1)		Restruc- turing		Non-IFRS
Cost of cloud and software		–870		98		36		0		–735		–780		116		10		0	–655
Cost of services		–776		3		42		0		–732		–680		6		12		0	–661
Research and development		–766		3		84		0		–679		–657		3		22		0	–632
Sales and marketing		–1,590		67		147		0		–1,376		–1,269		57		21		0	–1,191
General and administration		–268		–3		59		0		–211		–239		1		7		0	–230
Restructuring		1		0		0		–1		0		–145		0		0		145	0
Other operating income/expense, net		–4		0		0		0		–4		–3		0		0		0	–3
Total operating expenses		–4,272		168		368		–1		–3,738		–3,771		183		72		145	–3,372
1) Share-based Payments
€ millions	Q1–Q3 2016												Q1–Q3 2015
	IFRS		Acquisition- related		SBP1)		Restruc- turing		Non-IFRS		IFRS		Acquisition- Related		SBP1)		Restruc- turing		Non-IFRS
Cost of cloud and software		–2,474		293		58		0		–2,122		–2,349		325		42		0	–1,979
Cost of services		–2,282		9		65		0		–2,208		–2,145		48		63		0	–2,034
Research and development		–2,184		7		128		0		–2,049		–2,049		34		102		0	–1,917
Sales and marketing		–4,461		190		214		0		–4,056		–4,027		144		122		0	–3,759
General and administration		–727		4		79		0		–644		–766		2		58		0	–706
Restructuring		–20		0		0		20		0		–563		0		0		563	0
Other operating income/expense, net		–5		0		0		0		–5		0		0		0		0	0
Total operating expenses		–12,154		504		545		20		–11,085		–11,899		554		386		563	–10,396

¹⁾ Share-based payments

SAP Q3 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	Q3 2016		Q1–Q3 2016		Q3 2015		Q1–Q3 2015
Cost of cloud and software		0		2		4		64
Cost of services		0		5		35		180
Research and development		1		4		69		178
Sales and marketing		–2		8		33		121
General and administration		0		1		4		20
Restructuring expenses		–1		20		145		563

SAP Q3 2016 Quarterly Statement 19

Revenue by Region (IFRS and Non-IFRS)

€ millions	Q3 2016										Q3 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		182		0		182		6		188		136		0		136		34		34		38
Americas		508		0		508		3		511		411		1		412		24		23		24
APJ		78		0		78		–2		76		52		0		52		50		50		46
Cloud subscriptions and support revenue		769		0		769		6		775		599		1		600		28		28		29
Cloud and software revenue by region
EMEA		1,942		0		1,942		47		1,989		1,833		0		1,834		6		6		8
Americas		1,820		1		1,821		8		1,828		1,675		2		1,677		9		9		9
APJ		693		0		693		–32		661		614		0		614		13		13		8
Cloud and software revenue		4,455		1		4,456		23		4,479		4,122		2		4,124		8		8		9
Total revenue by region
Germany		749		0		749		0		748		687		0		687		9		9		9
Rest of EMEA		1,567		0		1,567		54		1,620		1,518		0		1,518		3		3		7
Total EMEA		2,315		0		2,315		53		2,369		2,205		0		2,205		5		5		7
United States		1,772		1		1,773		4		1,777		1,662		2		1,664		7		7		7
Rest of Americas		462		0		462		6		469		374		0		374		24		24		25
Total Americas		2,234		1		2,235		11		2,246		2,036		2		2,038		10		10		10
Japan		214		0		214		–33		181		171		0		171		25		25		6
Rest of APJ		611		0		611		–4		607		572		0		572		7		7		6
Total APJ		825		0		825		–37		788		744		0		744		11		11		6
Total revenue		5,375		1		5,375		27		5,402		4,985		2		4,987		8		8		8

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

²⁾ Constant currency revenue figures are calculated by translating revenue of the current period using the average exchange rates from the previous year’s respective period instead of the current period. Constant currency period-over-period changes are calculated by comparing the current year’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 Q3 2016 Quarterly Statement 20

€ millions	Q1–Q3 2016										Q1–Q3 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		511		0		512		11		522		365		1		366		40		40		43
Americas		1,450		1		1,451		12		1,463		1,145		8		1,152		27		26		27
APJ		205		0		205		1		206		145		0		146		41		41		41
Cloud subscriptions and support revenue		2,166		2		2,168		23		2,191		1,654		9		1,664		31		30		32
Cloud and software revenue by region
EMEA		5,499		1		5,499		144		5,643		5,145		1		5,146		7		7		10
Americas		5,213		4		5,216		42		5,258		4,870		9		4,879		7		7		8
APJ		1,952		0		1,952		–6		1,946		1,823		0		1,823		7		7		7
Cloud and software revenue		12,663		4		12,668		179		12,847		11,837		11		11,848		7		7		8
Total revenue by region
Germany		2,035		0		2,035		–1		2,034		1,875		0		1,875		9		9		8
Rest of EMEA		4,597		1		4,597		167		4,764		4,402		1		4,403		4		4		8
Total EMEA		6,632		1		6,632		166		6,798		6,277		1		6,278		6		6		8
United States		5,116		4		5,120		13		5,133		4,779		9		4,788		7		7		7
Rest of Americas		1,260		0		1,260		51		1,310		1,184		0		1,184		6		6		11
Total Americas		6,376		4		6,380		64		6,444		5,962		9		5,971		7		7		8
Japan		583		0		583		–62		521		478		0		478		22		22		9
Rest of APJ		1,748		0		1,748		58		1,806		1,734		0		1,734		1		1		4
Total APJ		2,331		0		2,331		–3		2,327		2,212		0		2,212		5		5		5
Total revenue		15,339		4		15,343		226		15,569		14,451		11		14,462		6		6		8

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

²⁾ Constant currency revenue figures are calculated by translating revenue of the current period using the average exchange rates from the previous year’s respective period instead of the current period. Constant currency period-over-period changes are calculated by comparing the current year’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 Q3 2016 Quarterly Statement 21

Employees by Region and Functional Areas

	September 30, 2016					September 30, 2015
Full-time equivalents		EMEA	Americas	APJ	Total		EMEA	Americas	APJ	Total
Cloud and software		6,260	3,996	5,330	15,586		5,986	3,853	4,778	14,617
Services		6,423	4,044	3,921	14,388		6,558	3,769	3,567	13,895
Research and development		10,219	4,704	7,780	22,702		9,399	4,129	6,723	20,251
Sales and marketing		8,425	8,861	4,365	21,651		7,582	7,611	3,836	19,029
General and administration		2,578	1,723	1,012	5,314		2,494	1,665	1,019	5,177
Infrastructure		1,552	785	447	2,784		1,493	789	392	2,674
SAP Group (September 30)		35,458	24,113	22,855	82,426		33,512	21,817	20,315	75,643
Thereof acquisitions 1)		37	68	0	105		0	0	0	0
SAP Group (average first nine months)		34,552	23,193	21,809	79,555		33,466	21,751	19,487	74,705
1) Acquisitions closed between January 1 and September 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 Q3 2016 Quarterly Statement 22