Infor reports double digit license revenue growth

Infor, has 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. This is the second consecutive quarter of year-over-year triple-digit growth in SaaS bookings for Infor. In March 2014, the company announced InforCloudSuite^TM, the first group of industry-specific application suites available on Amazon Web Services’ (AWS) cloud.

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.