Menu
Infor NZ revenues accelerate in 2019 at the expense of profit

Infor NZ revenues accelerate in 2019 at the expense of profit

Costs for Auckland Transport's Infor enterprise asset management roll-out emerge

Shane Ellison, chief executive of Auckland Transport, and Helen Masters, senior vice president, Asia Pacific, Infor, sign a new enterprise asset management software deal this month.

Shane Ellison, chief executive of Auckland Transport, and Helen Masters, senior vice president, Asia Pacific, Infor, sign a new enterprise asset management software deal this month.

Credit: Infor

Global ERP software company Infor reported stellar New Zealand sales for the year ended 30 April, up more than 50 per cent.

The local business of the New York based company recorded revenues of $35.9 million,up from $22.4 million last year, according to accounts filed with the NZ Companies Office.

Cost of sales also rose, however, from $14.1 million to $24.7 million, leaving a gross profit of $11.2 million compared with last year's $8.2 million.

As sales and administration costs also increased by more than $3.5 million, Infor New Zealand recorded a reduced net profit of $2.9 million, down from $3.4 million.

Infor's 2020 financial year appears to have kicked off strongly as well. Earlier this month the company announced a significant win at Auckland Transport, which is rolling out the software to improve enterprise asset management. 

Newly released contract data from Auckland Transport show software licenses for the project to the value of $7.6 million were contracted with Infor on 1 August. 

Another contract, labelled "enterprise asset management solution SOW1", presumably standing for "statement of work", was inked on 9 August for a further $3.8 million.

The data also show a $235,000 contract was signed on 30 August with Caerus Strategies for project management services on the roll-out.

Infor New Zealand's revenue was made up of on-premise licenses ($1.5 million), SaaS licenses ($6.6 million), maintenance and support ($11.5 million), and professional services ($16.3 million).



Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags ERPenterprise softwareEAMenterprise asset managementSupply ChainInfor

Featured

Slideshows

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments