
I’m joined here in Walldorf by Co-CEO, Bill McDermott and Luka Mucic, our CFO, who will both make opening remarks on the call today. Thank you all for joining us to discuss SAP’s results for the second quarter 2014. This is Stefan Gruber, SAP Investor Relations. The presentation will be followed by a question-and-answer session.

Throughout today's recorded presentation, all participants will be in a listen-only mode. Welcome to SAP 2014 Second Quarter Earnings Results Conference Call.

Ladies and gentlemen, thank you for standing by.

Philip Winslow - Credit Suisse Securities Robert Enslin – Global Managing Board Member SAP AG ( NYSE: SAP) Q2 2014 Results Earnings Conference Call J8:00 AM ET
