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Infor: SaaS Revenue Up 60 Percent in FY2015
Jul. 27, 2015 09:30AM PST
Cloud InvestingPrivate cloud company Infor recently reported results for its fiscal year 2015. The company noted strong growth in Software as a Service (SaaS) revenues, growing 60 percent compared to the previous year. The company also reported a 300 percent increase in SaaS bookings, and stated that more than 45 million users now access Infor cloud applications in 96 countries.
Private cloud company Infor recently reported results for its fiscal year 2015. The company noted strong growth in Software as a Service (SaaS) revenues, growing 60 percent compared to the previous year. The company also reported a 300 percent increase in SaaS bookings, and stated that more than 45 million users now access Infor cloud applications in 96 countries.
As quoted in the press release:
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 successfully 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 percent.
Infor CEO, Charles Phillips, said:
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.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.”