Cloud growth over 300% and 500 wins over SAP and Oracle helped fuel Infor's strong results for its fiscal 2015.
Software license fees and subscriptions revenue increased 12%, with SaaS revenue up more than 60% in fiscal 2015, compared to the same period last year. SaaS bookings increased more than 300% as more than 45 million users now access Infor applications in the cloud in 96 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," said Infor CEO Charles Phillips. "Infor is well positioned to accelerate growth as more companies eschew the monolithic era of legacy software vendors in favor of flexible, secure, cloud applications with the last-mile functionality they need without the costly customization 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 focused on upgrading its large install base through an expanded ecosystem of system integrators, including new agreements with HCL Technologies and Ciber. The company continued momentum with its UpgradeX program, and completed upgrades at customers including San Antonio Water System, and Kansas City Water Services. Infor added 97 new channel partners to the Infor Partner Network, and saw channel revenue increase 18%.