Infor experiences 28 percent growth in Q4, expands product line
Infor, a leading provider of business application software serving over 70,000 customers, has posted strong financial results.
For the fourth quarter ending May 31, Infor achieved $130.1 million of total license revenue – growth of 28 percent versus the same quarter last year. Total revenue of $509.8 million for Q4 2011 was 12 percent above Q4 2010 total revenue of $453.7 million. This is the second consecutive quarter of double-digit license growth for Infor and represents continued market share gains in the enterprise applications market.
The accelerated growth was fueled by new products, which resulted in more than 650 new customers in the quarter. “Infor’s recently developed ION integration platform is generating excitement and momentum with our customers,” said Stephan Scholl, executive vice president of Field Operations for Infor. “Our slate of innovative new product and technology releases, combined with our industry-focused approach, is truly separating us from our competitors. ”
Infor saw strong overall growth versus the same quarter last year from a number of strategic product areas and key industries. Major growth drivers in the quarter included:
- Enterprise Resource Planning (ERP) – 35% annual growth
- Business Intelligence and Performance Management – 84% annual growth
- Public Sector – 125% annual growth
- Distribution – 33% annual growth
Infor delivered Infor ION, Infor Workspace and hundreds of product enhancements over the last six months. Since it became available last quarter, many companies have purchased Infor ION, Infor’s unique interoperability platform, to provide common reporting and analysis, workflow, business monitoring, and exception notifications across multiple applications.
Greif, a global leader in industrial packaging, has chosen to standardise on Infor as the company’s preferred applications provider based on the Infor ION platform. Greif will use Infor ION to integrate their existing Infor ERP LN, ERP LX and Infor EAM systems with recently purchased Infor Performance Management, Infor Expense Management and Infor Barcode solutions to improve decision making through increased access to relevant business information.
“The new consumer-grade user interface, enhanced and deep functionality in our target verticals, and out of the box integration are proving to be a winning combination for customers in all geographies,” said Duncan Angove, president, Products, Marketing and Support for Infor. “Speed is a core principle for Infor and we are helping customers adopt new technology, derive value quickly, and move at Infor speed.”
Among the new products and releases Infor has delivered over the past six months are:
- Infor ERP LN
- Infor ERP SyteLine
- Infor ERP VISUAL
- Infor ERP Adage
- Infor FMS SunSystems Enterprise
- Infor EAM
- Infor Performance Management
- Infor Sales & Operations Planning
- Infor CRM Epiphany Shopping Advisor
- Infor Hansen Mobile 311
- Infor Expense Management
Infor has also experienced strong growth of its cloud-based applications, with more than 500,000 users running Infor solutions in a multi-tenant cloud environment. One such customer is Gloucester Engineering, a global leader in plastics extrusion and converting, which selected Infor ERP SyteLine for its manufacturing functionality, scalability, risk reduction and longevity offered through the cloud. In addition to Infor ERP SyteLine, Infor’s cloud offerings include Infor EAM and Infor Expense Management.
In its previous quarter ended February 28, Infor announced a plan to hire 400 additional software engineers. Through May 31, 2011, Infor is on track to complete that expansion by year end.
