Story image

Infor rides the cloud computing wave

10 Mar 16

Infor is successfully transitioning to a cloud business model, according to the company’s Q3 financial results. For the third quarter of its fiscal 2016, ended January 31, total revenues increased 7% in constant currency compared to Q3 in fiscal 2015, with software licence fees and subscriptions revenues up 27% in constant currency over the same period.

Non-GAAP total revenues increased 7% in constant currency compared to Q3 in fiscal 2015, with non-GAAP software licence fees and subscriptions revenues up 32% in constant currency over the same period. Infor also experienced strong growth for Infor Consulting Services (ICS). Infor added more than 600 new customers in the quarter.

“Q3 was another strong quarter for Infor with ongoing growth in our business as we continue to set the standard for successfully transitioning to a cloud business model,” says Charles Phillips, Infor CEO.

“Infor’s investments in product, brand building, consulting services enablement, and salesforce coverage continue to pay off as reflected in our new sales deal pipeline which, propelled by SaaS, is at the highest levels in company history as we enter our fourth quarter,” he says. 

The retail and healthcare verticals each continue to grow with strong performance in the quarter supported by high SaaS bookings growth in Financial Services and GT Nexus, which saw the best performance in SaaS bookings in its history this quarter, the first full quarter after GT Nexus was acquired by Infor in September 2015.

Infor also announced a $25 million investment in retail analytics provider Predictix in Q3, continuing the company’s push to deliver much-needed innovation to an industry facing continued disruption.

As part of the agreement, Infor will become a reseller of Predictix, deploying, managing and supporting the applications in the Infor cloud, and will infuse Predictix into development of Infor CloudSuite Retail, a new suite of enterprise applications delivered in the cloud and designed for retail businesses.

Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Review: Blue Mic’s Satellite headphones are good but...
Blue Mic’s newest wireless headphones deliver on sound, aesthetic, and comfort - but there is a more insidious issue at hand.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
Forcepoint and Chillisoft - “a powerful combination”
Following Chillisoft’s portfolio expansion by signing on Forcepoint, the companies’ execs explain how this is a match made in cybersecurity heaven.
David Hickling in memoriam: “Celebrate the life and the music it made”
Dave was a well-respected presence in the IT channel and his recent death was felt by all the many people who knew him as a colleague and a friend.