Infor Again Reports Double-Digit License Revenue Growth in Q2
Infor shows strong momentum in fiscal 2015 with cloud bookings up more than 200 percent.
Infor 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, the company reported on its quarterly lender update Dec. 12.
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, Infor president of field operations. "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."
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