The top line for the most recently ended year was $2.76 billion, an increase of 1.6 percent from $2.72 billion the prior year. Infor cut costs in most areas, except one, research and development as the company kept its pledge to increase investment in product development. Spending in that category reached $391.8 million, up 11.3 percent from $351.9 million, a year earlier. Infor honored another promise—turning business over to its channel, as it reported that revenue from consulting services and other fees dropped by 1.9 percent. The reason for the drop here was company’s expanding its system integrator channel. Without providing additional detail, Phillips said 134 new channel partners were added in the fourth quarter.