• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Infor Reports 10 Percent Growth in Sales

    June 25, 2013 Alex Woodie

    Infor last week divulged some preliminary, non-binding financial results that show steady sales growth for its fourth quarter of 2013, which ended May 31. According to the company, it grew software license fees and subscription revenues by about 10 percent during its quarter compared to the same quarter in 2012.

    The company didn’t divulge much beyond that, except to say that, at constant currency, the growth rate for the fourth quarter will likely be about 9 percent instead of 10, and that non-GAAP license fee and revenue figures will be 9 percent at both constant currency and actual rates. Infor doesn’t have to say much more than that, since it’s not a publicly owned company. But the company has issued publicly owned debt, and is widely thought to be on the path to a potential IPO, which is why Infor releases some financial data.

    The New York City company is giving SAP and Oracle a run for its money by building what it hopes will be a third option to the ERP duopoly. To that end, Infor loves to present statistics about product development.

    The company says it’s spent more than $350 million on research and development in fiscal 2013, and is on track to deliver more than 300 new products and 11,000 new features during the year. That represents an increase of approximately 150 and 100 percent, respectively, from new products and features released in 2012.

    “Infor has introduced more new products and enhancements in the last 18 months than in the previous five years combined,” Infor co-president Duncan Angove says. “This inflection point in market share gains for Infor is a direct consequence of over two years of accelerated and unprecedented investment and the freedom to innovate and move quickly.”

    The company has a variety of irons in its Infor 10x fire, including the Ming.le social interface, the new SoHo UI, mobility, new products built on Salesforce.com, cloud offerings with IBM, and hooks into the hosted RedShift business intelligence offering from Amazon.

    RELATED STORIES

    That Old AS/400 Gets Some Love at Inforum 2013

    Infor Touts Growth, Makes an Acquisition

    Infor CEO Throws Down on ERP Competitors with New SoHo UI

    Infor Exudes Total Confidence at Annual User Confab



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    Maxava

    Migrate IBM i with Confidence

    Tired of costly and risky migrations? Maxava Migrate Live minimizes disruption with seamless transitions. Upgrading to Power10 or cloud hosted system, Maxava has you covered!

    Learn More

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    Profound Logic Software:  Live Webinar: How to Take IBM i Everywhere with Mobile Apps. June 26
    Cybernetics:  Ditch the tape backup? Up to 4.3 TB/hr! Start saving now!
    Abacus Solutions:  Qualified IBM i users eligible for free pair of running shoes

    More IT Jungle Resources:

    System i PTF Guide: Weekly PTF Updates
    IBM i Events Calendar: National Conferences, Local Events, and Webinars
    Breaking News: News Hot Off The Press
    TPM @ The Reg: More News From ITJ EIC Timothy Prickett Morgan

    Take A Survey, Help Gateway Technical College Help You Under Constellation, Friedman Assembles IBM i Assets

    Leave a Reply Cancel reply

Volume 13, Number 18 -- June 25, 2013
THIS ISSUE SPONSORED BY:

Cybernetics
PowerTech
Profound Logic Software
Abacus Solutions
ASNA

Table of Contents

  • Migrate Your 5250 Emulator Settings to ACS 1.1.2
  • VRTech Offers VTL Backup Software for IBM i
  • HiT Bolsters DBMoto Data Engine with Support for HP Vertica
  • Cilasoft Sales Boosted by Security Migrations
  • ARCAD Keeps Customized JDE World Environments on the Straight and Narrow
  • Symtrax Touts Dashboard Control and Flexibility with StarQuery
  • RJS Taps Partner to Build Document Security into WebDocs
  • UCG Lauded for Test Work by VAULT400 Customer
  • Xperia Taps SIS for SaaS, HA Hosting
  • Infor Reports 10 Percent Growth in Sales

Content archive

  • The Four Hundred
  • Four Hundred Stuff
  • Four Hundred Guru

Recent Posts

  • Public Preview For Watson Code Assistant for i Available Soon
  • COMMON Youth Movement Continues at POWERUp 2025
  • IBM Preserves Memory Investments Across Power10 And Power11
  • Eradani Uses AI For New EDI And API Service
  • Picking Apart IBM’s $150 Billion In US Manufacturing And R&D
  • FAX/400 And CICS For i Are Dead. What Will IBM Kill Next?
  • Fresche Overhauls X-Analysis With Web UI, AI Smarts
  • Is It Time To Add The Rust Programming Language To IBM i?
  • Is IBM Going To Raise Prices On Power10 Expert Care?
  • IBM i PTF Guide, Volume 27, Number 20

Subscribe

To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

Pages

  • About Us
  • Contact
  • Contributors
  • Four Hundred Monitor
  • IBM i PTF Guide
  • Media Kit
  • Subscribe

Search

Copyright © 2025 IT Jungle