Cloud key as Infor reports triple-digit growth
- 24 July, 2015 02:02
Infor has announced strong results for its fiscal 2015, built on the back of accelerated cloud growth.
According to the industry cloud company, software license fees and subscriptions revenue increased 12 per cent, with SaaS revenue up more than 60 per cent in fiscal 2015, compared to the same period last year.
Furthermore, SaaS bookings increased more than 300 per cent as more than 45 million users now access Infor applications in the cloud in 96 different countries.
“The growth Infor is experiencing marks an inflection point for the company, where the heavy investments we’ve made in cloud software that meets unique industry needs with an elegant user experience are paying dividends,” says Charles Phillips, CEO, Infor.
“Infor is well-positioned to accelerate growth as more companies eschew the monolithic era of legacy software vendors in favour of flexible, secure cloud applications with the last-mile functionality they need without the costly customisation they don’t.”
During fiscal 2015, Infor added approximately 2,900 new customers, including approximately 500 competitive wins against legacy vendors SAP and Oracle.
New customers and go-lives in the year include Wyndham Hotels, Ferrari, San Francisco Municipal Transport Agency, Hershey Entertainment and Resorts, Boskalis, EBSCO, Legacy Health, Best Western International, Kaman Industrial Technologies, and Wagner equipment (CAT).
Infor also added 97 new channel partners to the Infor Partner Network, and saw channel revenue increase 18 per cent.