Q3 2022 QBeyond AG Earnings Call Transcript

Nov 07, 2022 / 03:00PM GMT
Operator

Good afternoon, ladies and gentlemen, and welcome to q.beyond's conference call regarding the third quarter results of 2022. (Operator Instructions)

Let me now give the floor to Mr. Jürgen Hermann. Please go ahead.

Jürgen Hermann - q.beyond AG - CEO & Chairman of Management Board

Thank you very much, and a warm welcome from my side as well. As said, my name is Jürgen Hermann. I'm the CEO of the company. And like always, with me and my support is Arne Thull, our Head of Investor Relations and M&A.

In a certain way, ladies and gentlemen, Q3 came out similar to the last quarter. We could see a strong performance in the Cloud segment and SAP business that was influenced by the overall situation as well as the postponement of projects, especially in the S/4HANA transformation area.

Before we dive into the slides, let me highlight 2 aspects that are, in a certain way, different to the other quarters. First, we stopped the development of Software-as-a-Service products due to our perception that we expect a more prolonged period

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