ATLANTA - Jan 03, 2012
Infor, a leading provider of business application software serving more than 70,000 customers, reported 17 percent license growth for the twelve months ended November 2011. The company also reported 16 percent organic license growth for its second fiscal quarter, which ended November 2011. EBITDA margins improved to 27 percent, and new customer additions and support subscriptions accelerated. Growth in Infor's core ERP business in the second fiscal quarter was up 25 percent over the previous year. This strong financial performance caps an exciting year of transformation driven by major investments in industry-specific business applications.
"Infor now has one of the largest engineering organizations in the world dedicated to innovating in business applications," said Charles Phillips, CEO of Infor. "Business processes have become more complex and dynamic while most of the software industry's investment drifted to infrastructure. Customers are responding to Infor's tidal wave of new industry features, consumer-grade user interfaces, and Infor10 pre-integrated suites. Infor plans to continue a disruptive strategy of delivering release after release of deep industry features that eliminate cumbersome customizations, productize geographic localizations, and provide in context business intelligence with projects measured in months and not years."
The last 12 Months at Infor:
Enhanced Product Offerings & Strategic Partnerships:
"As we look to the future, 2012 will be just as exciting for Infor," added Phillips. "We have a strong, motivated team, a market looking for new alternatives, and a customer-centric strategy that is working well and generating growth."
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Infor is a leading provider of business software and services, helping more than 70,000 customers in 164 countries improve operations and drive growth. To learn more about Infor, please visit www.infor.com.
U.S.A. and Canada
Phone:+1 646 336 1731
Phone:+54 11 4010 8079
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Phone:+44 121 615 8189
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