Showing posts with label SAP Partner. Show all posts
Showing posts with label SAP Partner. Show all posts

Friday, February 1, 2019

SAP Releases Q4 and 2018 Results

SAP Announces Preliminary Fourth Quarter and Full Year 2018 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.

SAP Hits or Exceeds All Raised Outlook Metrics - Targets More Than 3x Cloud Revenue by 2023

  • Cloud Subscription and Support Revenue Up 32% (IFRS) and Up 38% (Non-IFRS at Constant Currencies)  in FY 2018 
  • Cloud Backlog Increased 30%, Exceeding €10 Billion at Year-End  
  • Cloud and Software Revenue Up 5% (IFRS) and Up 10% (Non-IFRS at Constant Currencies) in FY 2018
  • Cloud and Software Order Entry Exceeds €10 Billion, Up 14% at Constant Currencies in FY 2018
  • Operating Profit Up 17% (IFRS) and Up 10% (Non-IFRS at Constant Currencies) in FY 2018  
  • Guiding for Up to 39% Non-IFRS Cloud Subscription and Support Revenue Growth and Up to 10% Non-IFRS Cloud and Software Revenue Growth in 2019 at Constant Currencies  
  • Guiding for Up to 11.5% Non-IFRS Operating Profit Growth in 2019 at Constant Currencies – Faster Than  Total Revenue Growth
  • Targeting More Than €35 Billion in Total Revenue by 2023 

Full Year 2018 Highlights:
Even after multiple guidance raises during the year SAP met or exceeded all of its 2018 outlook metrics.

For the full year new cloud bookings were €1.81 billion, up 25% (up 28% at constant currencies). Cloud subscriptions and support backlog increased 30%, reaching €10 billion at year-end. Cloud subscriptions and support revenue was €4.99 billion (IFRS) or €5.21 billion (non-IFRS at constant currencies), achieving the full year outlook (€5.15 to €5.25 billion non-IFRS at constant currencies). Software revenue decreased 5 % year over year to €4.65 billion (IFRS), flat year over year (non-IFRS at constant currencies). New cloud and software license order entry exceeded €10 billion and grew by 14% at constant currencies year over year in the full year. Cloud and software revenue was €20.62 billion (IFRS) or €21.58 billion (non-IFRS at constant currencies), exceeding the full year outlook (€21.15 to €21.35 billion non-IFRS at constant currencies). Total revenue was €24.71 billion (IFRS) or €25.96 billion (non-IFRS at constant currencies), exceeding the full year outlook (€25.20 to €25.50 billion 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. The total of non-IFRS cloud subscriptions & support revenue and non-IFRS software support revenue was 65% of non-IFRS total revenue for the full year 2018, up 2 percentage points.

For the full year, operating profit was €5.71 billion (IFRS) or €7.48 billion (non-IFRS at constant currencies), achieving the full year outlook (€7.425 to €7.525 billion non-IFRS at constant currencies). Earnings per share increased 2% to €3.42 (IFRS) and decreased 2% to €4.35 (non-IFRS).

Operating cash flow for the full year was €4.30 billion, a decrease of 15% year over year. Free cash flow decreased 25% year over year to €2.84 billion. At year end, net liquidity was –€2.49 billion.

Fourth Quarter 2018 highlights
In the fourth quarter, new cloud bookings were €736 million, up 25% (23% at constant currencies). Cloud subscriptions and support revenue grew 41% year over year to €1.41 billion (IFRS), up 40% (non-IFRS at constant currencies). Software revenue grew 1% year over year to €2.09 billion (IFRS), up 8% (non-IFRS at constant currencies). New cloud and software license order entry grew 18% at constant currencies year over year. Cloud and software revenue grew 9% year over year to €6.32 billion (IFRS), up 11% (non-IFRS at constant currencies). Total revenue grew 9% year over year to €7.43 billion (IFRS), up 13% (non-IFRS at constant currencies).

In the fourth quarter operating profit increased by 22% year over year to €2.40 billion (IFRS), up 8% (non-IFRS at constant currencies). Earnings per share decreased 8% to €1.41 (IFRS) and decreased 15% to €1.51 (non-IFRS).

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.

S/4HANA adoption grew to approximately 10,500 customers, up 33% year over year. In the fourth quarter, more than 40% of the additional S/4HANA customers were net new.

Business Outlook 2019 
Reflecting SAP’s strong cloud and overall business momentum as well as the Qualtrics acquisition with a January 23rd, 2019 closing date, the Company is providing the following 2019 outlook:

  • Non-IFRS cloud subscriptions and support revenue is expected to be in a range of €6.7 − €7.0 billion at constant currencies (2018: €5.03 billion), up 33% – 39% at constant currencies.  
  • Non-IFRS cloud and software revenue is expected to be in a range of €22.4 – €22.7 billion at constant currencies (2018: €20.66 billion), up 8.5% – 10% at constant currencies.  
  • Non-IFRS operating profit is expected to be in a range of €7.7 – €8.0 billion at constant currencies (2018: €7.16 billion), up 7.5% – 11.5% at constant currencies.  
  • In addition, SAP expects total revenues to increase strongly, at a rate slightly lower than operating profit.
  • The comparative numbers for 2018 do not include Qualtrics. Callidus revenue and profits are included in the comparative numbers from the April 5th, 2018 acquisition close date. 
  • While SAP’s full-year 2019 business outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the Company progresses through the year. 

Read the full results: https://www.sap.com/docs/download/investors/2018/sap-2018-q4-statement.pdf

Tuesday, June 19, 2018

Mirror Review Recognizes Approyo as one of the 10 Best SAP Solution Providers of 2018

Mirror Review has listed Approyo among the top SAP solution providers in its latest magazine, “The 10 Best SAP Solution Providers of 2018.”

The magazine has recently published its special issue, in which it has featured the most prominent companies that empower their clients with the most advanced SAP solutions and tools for enterprise operations.

Today, SAP is leading the world with industry expertise in providing high grade enterprise solutions. It is the unique characteristic of SAP that enable a strong digital core and an easy-to-use system that supports innovations planned by companies. Tools provided by SAP are helping businesses transform themselves and take themselves towards success, without jeopardizing the daily business operations.

In this yearly issue, Mirror Review has featured the most promising SAP solutions providers based on their prompt offerings, client testimonials, processes followed for client retention, and the policies they practice for employee contentment. Archana Ghule, Managing Editor of the magazine, commented that Approyo has been the most prominent technology enabler for its clients over the last few years. “The team at Approyo works to stay in-front of changing technology by providing the most effective solutions. They want to take SAP solutions to customers in the quickest and most effective way,” she added.

“We are excited to be part of this great list of companies" said Christopher Carter, CEO of Approyo. "Coming off the heels of a successful week at SAP SAPPHIRE NOW, this achievement continues to validate our success in the SAP and Cloud marketplace.”

View the full profile: http://www.mirrorreview.com/approyo-streamlining-sap-cloud/

The 10 Best Performing SAP Solution Providers list: http://www.mirrorreview.com/the-10-best-sap-solution-providers-of-2018/

About Mirror Review
Mirror Review is a magazine company that unwinds the untold stories of Enterprises and their Founders, VPs, CEOs, CXOs, etc., while focusing on the unique services offered by them. As this is a platform for technologists and business people, the company keeps its audience informed with all current affairs in the market. The magazine company focuses on technology sectors such as Big Data, Cloud, IoT, Mobility, Networking, Security, Software, and Virtualization, and has issued numerous successful projects.

View the blog post on www.approyo.com

Thursday, May 31, 2018

Approyo named one of The 10 Best Performing SAP Solution Providers by Insights Success

Approyo is excited to announce it has been named one of The 10 Best Performing SAP Solution Providers, 2018 by Insights Success.

Insights Success is a platform that focuses distinctively on emerging as well as leading companies, their confrontational style of doing business and way of delivering effective and collaborative solutions to strengthen market share. This magazine talks about leaders and orators from the world of technology, which includes CEOs, ClIOs, VPs, managers and other professionals who had set a benchmark in the revolution of the industry.

“We are honored to be part of this great list of companies" said Christopher Carter, CEO of Approyo. "This achievement continues to validate our success in the SAP and Cloud marketplace.”

"Starting their own business, while knowing all the difficulties, obstacles and competition one will have to face is the greatest challenge the brave entrepreneurs of today are accepting wholeheartedly. One such outstanding influential entrepreneur, who's running his venture while influencing the world is Chris Carter of Approyo," said Archana Ghule, Editor-in-Chief of Insights Success.

View the full profile: https://www.insightssuccess.com/approyo-evolving-sap-technology/

The 10 Best Performing SAP Solution Providers list: https://www.insightssuccess.com/the-10-best-performing-sap-solution-providers-2018-may2018/

About Insights Success
Insights Success is a forum where top leaders and executives talk and share about their experiences, views, and mantra for success which will help the young and dynamic bloodline of professionals to learn, cater and deliver business needs for customers in order to become futuristic market leaders.

Wednesday, August 30, 2017

FoxConn, Welcome to Wisconsin. An open letter from Wisconsin based CEO Chris Carter

You’ve probably heard the big news by now, Foxconn Technology Group, a global technology and electronics manufacturer, is coming to Wisconsin and creating up to 13,000 jobs. The announcement was made earlier this summer by Wisconsin Governor Scott Walk, President Donald Trump and Foxconn Chairman Terry Gou. And the Wisconsin assembly recently passed a bill supporting the move to Wisconsin.

As an owner of a leading SAP technology company based in Wisconsin, I would like to welcome Foxconn to the great state of Wisconsin. I look forward to forging a partnership with your business and continue to help Wisconsin and out industry grow.

I’ve had the pleasure of working in Wisconsin for over 2 decades and started Approyo here in Wisconsin in 2012. In that short time, I’ve grown Approyo by leaps and bounds, being named the Inc. 5000 list 2 years in a row (2016 and 2017). Seeing an industry leading global company like Foxconn make a commitment to Wisconsin is a great sign that the state is heading in the right direction.

Over the years, I’ve grown to enjoy working and having a business in Wisconsin. Wisconsin offers a great environment for businesses to grow. We have lots of great people who are hungry to work and provide for their families. These people have tremendous values and will be a great addition to any organization out there. I’ve been fortunate enough to find great staff throughout Wisconsin with drive and knowledge to help me and my company grow.

Plus, we have clients throughout the state of Wisconsin that we work with every day to ensure that their SAP environments are running as efficiently as possibly. We can offer award winning SAP solutions throughout the state, country and world, just like you have throughout the years.  Foxconn should have no problem finding qualified individuals and companies like Approyo to work with.
An underrated factor that makes Wisconsin a great place to have a business is the location. Since Wisconsin is situated right in the middle of the country, it is easy to fly to the east coast or west coast at any given time. Plus, we are located within a short drive or train ride to Chicago, which has many other easy transportation options.

Seeing a fellow technology company come to Wisconsin and create so many jobs is exciting. We at Approyo have been fortunate to find very qualified SAP and technology experts to work with in Wisconsin.

I can’t reiterate how exciting it is as a business owner, to have a company like Foxconn choose to come to Wisconsin. As a leading SAP provider we look forward to the opportunity to partner with you and your business leaders.  Our local SAP operations can help your company as it extends its footprint in Wisconsin and across the United States. I look forward to all your success and can’t wait to do business together in Wisconsin.

About the Author:
Mr. Carter works with businesses around the globe, assisting them in their journey to the usage of Big Data in the forms of Hadoop (Cloudera and Hortonwork's) and SAP HANA. At Approyo, we support firms who are looking for knowledge to grow through current business process, where even 1% increase can lead to millions of dollars in business flow. 

Mr. Carter has been in the "Big Data" industry and the SAP industry for almost 25 years, He has been nationally recognized by The American SAP Users Group, SAP, Hadoop World, Cloud Expo and more. 


Tuesday, February 7, 2017

Approyo Achieves SAP Certification for Cloud

Approyo, a leading enterprise SAP HANA Solutions Provider, announced today has achieved SAP Certified in Cloud in partnership with PCM. Approyo is the first North America SAP partner to achieve SAP Certification for SAP HANA Operation Services, Infrastructure Operation Services and Cloud.

Market conditions are changing in the blink of an eye. To thrive in such an environment, companies must have immediate access to relevant raw data, presented in a way that facilitates good decision-making. Using SAP HANA powered by Approyo in a properly certified cloud environment allows companies to access this data and make real-time decisions.

“This latest SAP certification is a tremendous accomplishment for our business, reflecting a significant investment in our SAP services alongside our partner PCM” said Christopher Carter, CEO at Approyo. “We know clients look for SAP certifications when they are researching SAP Partners and we are proud to be able to offer this to our clients.”

Approyo has been providing SAP HANA solutions such as SAP S/4HANA 1610 in the cloud for the last three years. Approyo built an entire platform using the best solutions in the market, allowing clients to move SAP HANA quickly and benefit immediately without the massive upfront cost structure typically seen with those bare metal solutions.

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