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SAP SE (SAP) Morgan Stanley Technology, Media & Telecom Conference Call Transcript

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SAP SE (NYSE:SAP) Morgan Stanley Technology, Media & Telecom Conference Call March 4, 2025 6:20 PM ET

Company Participants

Muhammad Alam – Lead Product Engineering

Conference Call Participants

Adam Wood – Morgan Stanley

Adam Wood

Okay. Great. I’ll start this next session off. My name is Adam Wood. I look after European tech research here at Morgan Stanley. Very pleased to have Muhammad Alam, who’s a member of the Executive Board of SAP, responsible for product and engineering. Muhammad, thank you very much for joining us here in San Francisco. Really appreciate it.

Muhammad Alam

It’s a pleasure to be here.

Adam Wood

I’ll get the boring compliance stuff out of the way. So for important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales representative.

So that done, we can move on to, hopefully, more interesting things. I wanted to start off, you joined SAP about 3 years ago after 17 or so years at Microsoft, and you ended up running Dynamics there. So it gives you quite a big insight into this landscape. So maybe could you talk a little bit around what did you see at SAP, the thought process that led you to make that change? What was the excitement about coming to SAP that got you to make that move?

Muhammad Alam

Yes. No, happy to share. I mean, I think it was a long contemplation process, about 8 months, I think, it took me to decide. And I have to give kudos to SAP for being that patient with me. But there’s 3 things that ultimately led me to decide to join SAP. I think the first thing, sort of having spent all my career in business applications initially starting with consulting with Ernst & Young and Capgemini, doing SAP and Oracle and

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