AMERI Holdings, Inc. (NASDAQ: AMRH), a specialized SAP® cloud, digital and enterprise solutions company, today reported its unaudited financial results for the three months and six months ended June 30, 2019.

Second Quarter 2019 vs. First Quarter 2019
• Revenue of $11.0 million compared to $10.7 million;
• Gross profit of $2.4 million compared to $2.1 million;
• Gross margin of 21.6% compared to 20.0%;
• Net loss of $(1.4) million compared to $(1.9) million;
• Loss per share of $(0.03) compared to $(0.04). For the three months ended June 30, 2019 and March 31, 2019, the basic weighted average of common shares outstanding was 50.7 million and 45.2 million, respectively;
• Adjusted EBITDA was $(0.7) million compared to $(0.5) million; and
• Cash and cash equivalent were $1.6 million at June 30, 2019 compared to $1.7 million at March 31, 2019.

Recent Operational Highlights:
• Initiated its first Proof of Concept for client migration to Google’s Cloud Platform;
• Awarded a multi-year managed services contract for SAP application support and management by global technology leader;
• Entered into Master Services Agreement with new automotive industry client;
• Won a multi-year Managed Services contract with Fortune 500 global consumer products company; and
• Delivered on a greenfield S/4HANA implementation for global commodities trading company.

Update on Google Cloud Premier Partner Certification

On July 23, 2019, Ameri100 announced that it continues to pursue Premier Partner status with Google Cloud. The company reported that Google Cloud introduced a completely new partner management program that increased the requirements to achieve Premier status. Concurrently, as an established Google Cloud Partner, the company is actively engaged with Google Cloud to facilitate SAP on-prem customers’ migration to Google Cloud.

About Ameri100

Ameri100 is a fast-growing specialized SAP® cloud, digital and enterprise solutions company which provides SAP® services to customers worldwide. Headquartered in Suwanee, Georgia, Ameri100 has offices in the U.S. and Canada. The Company also has global delivery centers in India. With its bespoke engagement model, the Company delivers transformational value to its clients across industry verticals. For further information, visit www.ameri100.com