Management remarks
Call period: 2026 Q2 · 2026-07-24
Guidance: Christian Klein: So we are very confident to hit our guidance for the year despite the volatility we still see and we had in -- especially in Q1.Demand and orders: Dominik Asam: Current cloud backlog reached almost EUR 23 billion, up 26%, benefiting from the first-time inclusion of Reltio, which only contributed less than 1 percentage point to the constant currency growth rate.Margins: Dominik Asam: Our IFRS cloud gross margin in Q2 was 74.3% and non-IFRS was 74.6%, down 0.7 percentage points year-over-year at constant currencies.Analyst Q&A
Analyst Michael Briest asked: A question on the R&D side of things. So headcount looks to be up 3% year-on-year and the costs 14%. In Q1, the numbers were 2% and 2%. And I know Gina was talking about some sort of compensation structure change. Can you elaborate on whether there's been some either targeted or sort of significant increase in rates for the R&D staff? Management Christian Klein answered: Good question, Michael. I mean, first of all, in the last 12 months, indeed, we still invested into new job profiles in R&D, data scientists, data engineers, we invested into full stack developers for industry AI. But we will now continuously heavily slow down the hiring for the other profiles because now that the AI productivity is kicking in and indeed, the highest token consumption is in R&D, we see productivity gains of an average of 30%.管理层陈述
电话会期间：2026 Q2 · 2026-07-24
指引：克里斯蒂安·克莱因表示：尽管我们仍面临波动，且尤其在第一季度出现了波动，但我们非常有信心达成全年业绩指引。需求与订单：多米尼克·阿萨姆表示：当前云积压订单规模接近230亿欧元，同比增长26%，得益于首次纳入的Reltio，该部分仅对固定汇率增长率贡献了不到1个百分点。利润率：多米尼克·阿萨姆表示：我们第二季度的IFRS云毛利率为74.3%，非IFRS云毛利率为74.6%，按固定汇率计算同比下降0.7个百分点。分析师问答
分析师迈克尔·布里斯特询问研发相关问题，称研发员工数同比增长3%、成本增长14%，一季度该两项数据仅为2%和2%，且已知吉娜曾提及某种薪酬结构变化，希望了解是否针对研发人员存在针对性或大幅加薪。管理层克里斯蒂安·克莱因回应称，过去12个月公司在研发数据科学家、数据工程师及行业人工智能全栈开发者岗位上进行了投资，目前将大幅放缓其他岗位招聘，因人工智能效能已显现，研发平均效能提升达30%。This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
