Infor Again Reports Double-Digit License Revenue Growth
Infor, a leading provider of business application software serving more than 73,000 customers, announced on its quarterly Lender Update Friday, December 12, that fiscal 2015 Q2 software license fees and subscriptions revenue increased 15 percent at actual currency rates and 17 percent in constant currency1 compared to its fiscal 2014 recast Q2.
Non-GAAP Q2 license fees and subscription revenue2 increased 14 percent at actual currency rates and 16 percent in constant currency driven by strong license sales and continued momentum in software-as-a-service (SaaS), including triple digit growth in SaaS subscription license bookings. The strong Q2 growth was delivered with operating income margins and Adjusted EBITDA profit margins3 of 17 percent and 28 percent, respectively. Infor added 764 new customers in the quarter.
Year-to-date, software license fees and subscriptions revenue and non-GAAP software license fees and subscriptions revenue increased 19 percent and 18 percent, respectively, and cloud bookings have increased over 200 percent. Sales productivity4 is up 32 percent since the fiscal year began.
"Infor's cloud bookings and the explosive growth in our pipeline marks a turning point in the industry," said Stephan Scholl, president of Field Operations for Infor. "Infor is the first company to deliver industry suites in the cloud, enabling customers to move their mission-critical operations, not just their edge applications, to a standard cloud."
This is the second consecutive quarter of year-over-year triple-digit growth in SaaS bookings for Infor. In March 2014, the company announced Infor CloudSuiteTM, the first group of industry-specific application suites available on Amazon Web Services' (AWS) cloud.
"Infor now has more than 25 million users of its cloud applications, and industry-specific certifications in healthcare, aerospace & defense, and government with AWS," said Pam Murphy, COO of Infor. "We're witnessing a migration to a next generation cloud infrastructure that is more secure and cost-effective than proprietary data centers."
Research and development spending at Infor increased double digits in the first half of fiscal 2015 compared to the first half of fiscal 2014 as the company continues to invest in innovation. Infor has shipped more than 400 new products and 16,000 enhancements in the last three years. At nearly 4,000 developers, Infor has one of the largest engineering organizations dedicated to business applications in the world.
"Companies are quickly re-evaluating the cloud as an option now that Infor has delivered deep micro-vertical functionality in Infor CloudSuite," said Duncan Angove, president of Products and Support of Infor. "Customizations are not consistent with multi-tenant clouds and Infor's investments to deliver last-mile features over the last four years were a precursor to mission-critical applications in the cloud."
Infor employees continue to perform well in all dimensions while also contributing to their communities. Infor has donated more than half a million dollars and 1,400 employee work-days to Habitat for Humanity International, an important customer. Infor has 153 offices in 41 countries, and provides employees up to a week of paid volunteer time to participate in Habitat for Humanity builds in the communities in which they work.
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