Stellar Start to the Year Across Cloud and Core Business – SAP Raises 2019 Operating Profit Outlook

* Cloud Revenue Exceeds €1.5 Billion for the First Time in a Quarter, Up 45% (IFRS), Up 48% (Non-IFRS)

* SAP Now the Leader in Experience Management XM with Qualtrics

* New Cloud and Software Order Entry Up 17%

* Cloud and Software Revenue and Total Revenue Up Double-Digit

* Cloud Gross Margin Accelerates, Up 3 PP (IFRS) and 4 PP (Non-IFRS) Sequentially

* Operating Loss (IFRS) of –€136 Million Due to Previously Announced Restructuring, Operating Profit (Non-IFRS) of €1,467 Million, Up 19%

* Increased Focus on Operational Excellence – Targeting on Average 1 Percentage Point of Non-IFRS Operating Margin Expansion per Year from 2018 through 2023; SAP to Host Special Capital Markets Day on November 12, 2019

WALLDORF, Germany — SAP SE (NYSE: SAP) today announced its financial results for the first quarter ended March 31, 2019.