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Quarterly Statement Published / Digital Business of the Future is Moving Ahead

3-month sales up 12% / License revenues up 28% / Strong gains in earnings

Filderstadt, 09 February 2017 – All for One Steeb AG today published its (unaudited) quarterly statement for the period 1 October to 31 December 2016 as scheduled.

Digital transformation is progressively reshaping the world of established key industries as well. More than 60% of IT budgets are projected to flow into digitalisation, according to the investment survey that the DSAG (German-speaking SAP User Group) published in late January 2017. And, everyone could feel how truly upbeat the atmosphere is during the All for One Steeb Mittelstandsforum that was held in November 2016 in Ulm, where more than 700 visitors had the opportunity of experiencing live and first hand the different digitalisation scenarios within every business department.

Without a digital core in the form of an entirely new generation of business software – SAP S/4HANA on the basis of the SAP HANA in-memory database – it is unlikely that any pervasive transformation to a real-time enterprise can be accomplished successfully. Cloud computing is yet another key element of digital transformation, notes the IDC in a preliminary release it published in late January 2017 about its »Cloud Computing in Germany« study. The study itself, which the IDC market research analysts prepared with the support of All for One Steeb, will be available in mid-February 2017.

All of this opens up the prospect of a huge digitalisation potential for All for One Steeb as the Number 1 in the SAP midmarket segment with the largest customer base in such sectors as the machinery and equipment manufacturing, automotive, and consumer goods industries, and which we expect will be a source of significant growth opportunities for many years to come. This is why All for One Steeb is following SAP’s lead and continuing to invest heavily in its customers’ cloud transformation while carefully expanding its service portfolio.