SAP SE O.N. (NYSE:SAP) Q3 2019 Earnings Conference Call - Final Transcript
Oct 21, 2019 • 08:00 am ET
economic, social and environmental objectives. We want to help ensure that smart integration of Impact measurement and valuation will ultimately become standard practice. To this end, SAP is a founding member of the Value Balancing Alliance, a non-profit organization that helps businesses measure the overall societal [Phonetic] impact and dependencies.
We aim to lead by example, continuing to steer sustainability holistically in our own operations. Employee retention was down slightly to 93.3% in Q3 year-over-year. We have made great progress in women, in management, which is now at 26.3%, up from 25.9% year-over-year and obviously with Jen, SAP has named the first female Co-CEO of a Dutch [Phonetic] company. In Q3 our carbon emissions were 65 kilotons which is slightly higher than we anticipated. Despite this, we expect that our emissions in 2019 will stay stable at a minimum. We remain committed to our goal of becoming carbon-neutral by 2025.
So to summarize, we delivered an exceptional quarter across revenue, profit and cash flow. We achieved double-digit growth in cloud revenue, double-digit growth in cloud and software revenue, double-digit growth in total revenue, double-digit growth in operating profit, substantial operating margin expansion, double-digit growth in earnings per share and triple-digit growth in free cash flow. We reiterate our 2019 outlook with great confidence and we are on track to reach our mid-term ambitions.
With that, thank you very much and we will now be happy to take your questions.
Thank you, sir.
Thank you. Operator, we can now start the Q&A session.