SAP Announces First Quarter 2019 Results

SAP Announced its first quarter results on www.sap.com. The results continue to show growth for SAP HANA and SAP S/4HANA. This growth mirrors Approyo's growth and accolades throughout 2019 and align with our vision as the premier SAP Platform as a service partner.

Business Performance - Financial Highlights First Quarter 2019
In the first quarter, new cloud bookings were up 32% (26% at constant currencies). Cloud revenue grew 45% year over year to €1.56 billion (IFRS), up 48% (non-IFRS) and 41% (non-IFRS at constant currencies). Software license revenue was up 4% year over year to €650 million (IFRS), up 4% (non-IFRS) and 1% (non-IFRS at constant currencies). New cloud and software order entry was up 17% (13% at constant currencies) year over year in the first quarter. Cloud and software revenue grew 16% year over year to €5.04 billion (IFRS), up 16% (non-IFRS) and 12% (non-IFRS at constant currencies). Total revenue grew 16% year over year to €6.09 billion (IFRS), up 16% (non-IFRS) and 12% (non-IFRS at constant currencies).

SAP’s rapidly expanding cloud business together with solid growth in support revenue continued to drive the share of more predictable revenue, which grew by one percentage point year-over-year to 72% in the first quarter.

As previously indicated, the IFRS operating profit in the first quarter was impacted by recognizing the expected cost of SAP’s 2019 restructuring (€886 million) as well as higher acquisition-related charges and share-based compensation primarily due to the Qualtrics acquisition.

This resulted in an IFRS operating loss of -€136 million (Q1 2018: operating profit of €1,025 million). In contrast, Non-IFRS profit was up 19% at €1,467 million (up 13% at constant currencies). Earnings per share were -€0.10 (IFRS) (Q1 2018: €0.59) and up 24% at €0.90 (non-IFRS). Operating cash flow for the first three months was €2.80 billion, up 9% year-over-year. Free cash flow increased 10% year-over-year to €2.37 billion. At the end of the first quarter, net liquidity was -€6.19 billion. Segment Performance First Quarter 2019

SAP’s three reportable segments “Applications, Technology & Services”, “Business Network” and “Customer and Experience Management” showed the following performance.

Applications, Technology & Services (AT&S)
In the first quarter, segment revenue in AT&S was up 12% to €4.99 billion year-over-year (up 9% at constant currencies).

SAP S/4HANA
SAP S/4HANA is at the core of the Intelligent Enterprise. With S/4HANA, customers automate more and more of their business processes
enabling employees to focus on higher-value tasks. It detects patterns, predicts outcomes and suggests actions empowering companies
across all industries to reinvent their business models for the digital economy.
This quarter, SAP S/4HANA Cloud was named as a Leader in The IDC MarketScape: Worldwide SaaS and Cloud-enabled Operational ERP

Applications 2019 Vendor Assessment. IDC recognizes SAP S/4HANA Cloud as an intelligent ERP that enables various business processes such as idea to design, procure to pay, plan to production, order to cash, offer to project, and core finance.

S/4HANA adoption grew to more than 10,900 customers, up 30% year over year. In the first quarter, over 40% of the additional S/4HANA
customers were net new.

View the complete Q1 results at: https://www.sap.com/docs/download/investors/2019/sap-2019-q1-statement.pdf

What to do at the 2019 SAP SAPPHIRE NOW and ASUG Annual Conference

The 2019 SAP SAPPHIRE NOW and ASUG Annual Conference is coming up in just a week away. You probably already started to fill out your agenda but we wanted to give you an idea about what our team is most looking forward to at SAP SAPPHIRE NOW.

Network with Experts
The adage “It’s not what you know, but who you know” has never been more important. Successful leaders rely on a strong network of experts, peers, and visionaries to create their success and grow. SAPPHIRE NOW and ASUG Annual Conference presents an unparalleled event to grow your network in just three short days. It’s an opportunity to join a true community of experts, share your story, and gain new knowledge to pave your path forward. To help you, SAP added new networking zones and digital opportunities where you can make new connections and carry conversations forward.

Plus our team will be at the event! Follow us on social media for updates throughout the event.

Great Keynote speakers
We profiled some of our favorite keynote speakers in a different blog post. In addition to those great speakers, SAPPHIRE NOW features many different experts on the show floor and in various other sessions talking about everything SAP. Take some time to check these out.

Visit Approyo the "Coolest"SAP SAPPHIRE NOW Party on Tuesday, May 7
Approyo and Worksoft invite you to join us for an evening of fun, appetizers, drinks and more during the 2019 SAP SAPPHIRE NOW conference.

You're invited to the Ice Bar in Orlando on Tuesday May 7, just a few short blocks away from the convention center.

Explore the show floor
One of our favorite activities is to explore the show floor. Our team doesn't ahve a booth this year but we will spend most of our time during the week on the show floor talking to the exhibitors and checking out some of the latest and greatest technology. Also check out some of our partners on the floor including Worksoft!

See LADY GAGA Live on Thursday, May 9, 2019
No explanation needed for this one! rammy and Golden Globe winner and Academy Award-nominated Lady Gaga is a one-of-a kind artist and performer. She has amassed an outstanding 33 million global album sales and 229 million in song consumption, making her one of the best-selling musicians of all time.

Gaga is also one of the biggest living forces in social media with over 60 million likes on Facebook, over 77 million followers on Twitter and over 31 million followers on Instagram.

Her fifth studio album “Joanne” was released in October 2016 and debuted at #1 on the Billboard Top 200, marking her 4th consecutive #1 album - the first female to do so in the 2010s. In 2015, Gaga starred in the fifth installment of the Ryan Murphy FX drama, “American Horror Story: Hotel.” The role earned her a 2016 Golden Globe award for Best Actress in a Mini-Series or TV Film. Gaga headlined the 2017 Pepsi Zero Sugar Super Bowl LI Half Time show. Her 13-minute solo performance amassed 117.5 million viewers. In September 2017, she released her Chris Moukarbel directed documentary “Lady Gaga: Five Foot Two” via Netflix.

Gaga most recently starred alongside Bradley Cooper in the Warner Brothers remake of the classic film, “A Star is Born,” released October 2018. Her performance so far has led her to a 2019 Golden Globe nomination and Critics’ Choice nomination for Best Actress in a Motion Picture. She won a Golden Globe for Best Original Song for “Shallow,” that she co-wrote and performed for the film, and has also received string of 2019 Grammy nominations including Song of the Year, Record of the Year, Best Pop Duo/Group performance and Best Song Written For Visual Media for “Shallow” as well.

Approyo expands team, adds Sean Gilmour as new CTO

​Approyo, a leading enterprise SAP HANA Solutions Provider headquartered in Milwaukee announces the addition of Sean Gilmour as CTO.

Mr. Gilmour joins Approyo with decades of expertise. Most recently he led the Global Applications and Big Data Practice for Dell EMC.

“I have been working on and around SAP for almost 7 years now, and wanted to take it to the next level,” says Sean Gilmour. “I believe Approyo to be one of the top SAP partners globally. I am thrilled to help them continue to grow and doing what I love, says Gilmour.

Gilmour resides in the San Francisco, CA area and will be working directly with our clients, partners and team to help grow the Approyo footprint in the United States and around the globe.

“I would personally like to welcome Sean to the team,” says Chris Carter, CEO of Approyo. “Having worked with and known him for many years, it is a pleasure to have an executive of his caliber and experience inside the organization as we continue to grow. His experience, knowledge, partnerships, as well as his level of technical expertise, are second to none in our SAP ecosystem, which will mean great growth,” says Carter.

Approyo Named to ChannelE2E Top 100 Vertical Market MSPs

Approyo has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list and research (http://www.channelE2E.com/top100) for 2019. The annual list and research identify and honor the top 100 managed services providers (MSPs) in healthcare, government, financial services, manufacturing, legal, not-for-profit and additional vertical markets.

The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2018 and January 2019 readership survey, and ChannelE2E’s vertical market industry coverage. MSPs featured throughout the list and research leverage deep vertical market expertise to drive annual recurring revenues (ARR) in specific market segments.

This year’s research revealed several key MSP market trends. Among the Top 100 Vertical Market MSPs for 2019:

• Honorees generated a combined $699.1 million in vertical market annual recurring revenue (ARR) for 2018, up from $277.3 million in 2017. The surge involved organic growth combined with aggressive merger and acquisition (M&A) activity.
• Honorees are managing nearly one million devices.
• The most successful vertical market MSPs are zeroing in on financial services and healthcare, while manufacturing, legal and not-for-profit vertical activities are accelerating

Approyo was ranked number 23 among the top vertical market MSPs in the Technology industry.

“It is honor to be recognized as a top Managed Service provider by ChannelE2E, says Chris Carter, CEO of Approyo. "This achievement continues to validate our success in the SAP and Cloud marketplace."

“After Nines Inc. congratulates Approyo on this year’s honor,” said Amy Katz, CEO of After Nines Inc. “Through a vertical market focus, top MSPs are generating stronger profit margins and increased customer loyalty, while increasingly attracting acquisition and investor interest from peer MSPs and private equity firms.”

Find the online list and associated report here: http://www.channelE2E.com/top100

Approyo to Showcase Growing SAP HANA and S/4HANA Expertise at the 2019 SAP SAPPHIRE NOW and ASUG Annual Conference

We are pleased to announce our full presence at the 2019 SAPPHIRE NOW and ASUG Annual Conference, the industry’s most important cloud and technology conference for SAP customers. The event takes place May 7th-9th at the Orange County Convention Center in Orlando and is expected to draw more than 20,000 attendees.

As a leader in SAP managed services, migrations and hosting, Approyo will be attending the conference and hosting a networking event for attendees to consult with the company’s technology experts.

Key aspects of Approyo’s presence at this year’s show, include:

• SAPPHIRE NOW and ASUG Annual Conference – The Approyo team, including CEO Chris Carter will be on the show floor talking with experts will be hosting meetings with customers, partners and prospects to discuss SAP Platform as a service, SAP HANA and S/4HANA migrations, digital transformations, and technical managed services. 
• SAP Global Partner Summit – The Approyo team will be on hand for the SAP Global Partner Summit on Monday, May 6. The team will be meeting with partners from around the world, discussing SAP HANA and S/4HANA migrations. 
• Ice Bar Networking Event – Approyo and Worksoft are hosting an exclusive cocktail reception and networking event at Ice Bar Orlando from 8 p.m. to 10 p.m. on Tuesday, May 7th.

“The SAP SAPPHIRE NOW and ASUG Conference is a great opportunity to meet with clients, partners and experts from all over the world to discuss the latest in SAP,” said Chris Carter, CEO at Approyo. “Over the past few years, our company has taken many positive growth steps and we have helped several companies migrate to SAP HANA and S/4HANA in the cloud, we look forward to sharing those experiences.”

New Features and Functionality in SAP HANA

SAP HANA 2 is the business data platform for the intelligent enterprise. Leveraging state-of-the-art database and data management technology, advanced analytical capabilities and intuitive application development tools in the only all-in-one, in-memory-first data platform – SAP HANA 2 frees up valuable resources and human capital for new and innovative application development to meet your business’s strategic objectives.

SAP recently released SAP HANA 2.0 SPS 04. SAP HANA 2.0 SPS 04 includes a mix of new and continuous innovations across the themes of database management, data management, analytical intelligence and application development.

Database enhancements 

• Advanced data and privacy protection including enhanced data anonymization with additional algorithms and configurable retention policies for the audit log. 
• Improvements for high availability/disaster recovery (HA/DR) will further increase system availability and help protect enterprise-critical applications with a new multi-target system replication option that now also supports multiple region-local A/A secondary, a further enhanced time travel option and a “Follow-the-sun” option that optimizes the latency for write transactions by rotating the primary system around the world. 
• SAP HANA now also offers a fast-restart option that is using TMPFS on OS Level to significantly reduce restart times with existing hardware. 
• The new Native Storage Extension allows tables, columns or partitions to be flagged as warm data, residing mainly on disk. Warm data is loaded to an in-memory buffer cache only as required for query processing. 

Data Management enhancements

• Support for federated access to high-availability Hadoop clusters, and a generic adapter framework for Smart Data Access. 
• Smart Data Integration now allows to group multiple agents, provides real-time support for Mainframe DB2 and integration into Web IDE. 
• To enhance the quality of your data SAP now provides geocoding support for India addresses and FIAS compliant address assignments in Russia.
• The Enterprise Architecture Designer now offers support for SAP Big Data Services and Hadoop Hive 2.0 data lakes as well as support for HANA versioned tables. 
• Calculation View modeling via Web IDE now allows to integrate data sources more easily, comes with improved user experience, enhanced support for parallelization and extended variable support for models.

Analytical Intelligence enhancements 

• Increase the execution performance and productivity for data scientists by providing API’s for Python and R as well as a new Gradient Boosting Tree algorithm. 
• New methods for linear referencing, hexagonal grid-based aggregation, labeling tools, new APIs with reduced memory footprint and Data Hub integration will allow you to gain the most insight from geocoding your business data. 
• Improved flexibility, debugging support, new functions and algorithms as well as extended GraphScript capabilities and openCypher support allow more complex analyses and scenarios for your connected data.

Application Development and Tool enhancements  

• View functions for both SQLScript and SQL, SQLScript Debugger and Code Analyzer enhancements and a unit test framework. 
• The Web IDE comes with improved editors, Python support, wizards and dialogs and now allows multiple workspaces and mass import of synonyms. 
• A pending deployment indicator helps developer to keep track of their deployment. 
• The XSA runtime now supports X.509 as well as SPNEGO authentication, supports tenant specific installations and support for symbolic links.
• The HANA Run Time Tools include an enhanced SQL console with session recovery, performance improvements and more flexibility. 
• The catalog browser now supports search across multiple schemas and comes with an improved user experience.

​​
Check out our new Whitepaper "What's new in SAP HANA?" to learn more about additional features and functionality found in the latest release of SAP HANA

Download today

Advantages of implementing a Cloud ERP Solution

For most companies, the big question is not if but when they will adopt cloud computing for the bulk of their IT operations, including the enterprise resource planning (ERP) software they use to manage inventory and product manufacturing.

Rapid deployment 
By using cloud computing, your growing business won’t have to purchase, install and maintain server equipment which can be tedious and time-consuming. The cloud provider will take care of all security and maintenance, saving time to allow you to focus on what your company does best.

Scale upwards
The speed of cloud scalability means that you can quickly evolve your IT infrastructure to be as powerful and expansive as you need it to be the minute an opportunity for growth presents itself. You can scale up immediately and get to work faster as your business increases its headcount and volume of data. Read more about cloud ERP scalability and flexibility here.

Better Business Intelligence
Cloud technology allows organizations to access data remotely without complex technical configuration or robust IT staffing. Over the past two years, the number of organizations deploying business intelligence (BI) in the cloud has doubled. Cloud BI adoption is especially prevalent among sales and marketing departments as they rely on real-time data to understand and improve the customer journey.

When it comes to data access and data storage, cloud ERP has several advantages over on-premise ERP. Cloud technology is more scalable for storing large amounts of data and can provide access to data gathered by IoT technology.

Speed-to-market
No matter what industry you’re in, the market demands fast service, product and service reliability and transaction predictability; crucial factors that can put your business into a disarray if not handled properly. Moving to the cloud allows you to push products to the market much quicker.

Implement Quickly
Investment of new hardware and slower updating is not needed for cloud-based systems that utilizes the web, because updates are implemented without human-interaction.

Non-Physical Servers
Maintenance of hardware is not essential, simply because there is not physical hardware on-site at all. This is a big plus for operations that have to constantly maintain hardware and can instead further their focus on other areas within the production facility.

Agile workforce
With a cloud-based ERP, your staff will be able to access data and make decisions on the fly wherever they are. Since data is not locked up in individual employees’ machines, you can give teams 24/7 access at home, on a plane or event at a client’s location for a meeting. They will have the power to do more and collaborate.

Read the full blog post on www.approyo.com