Infor said it spent more than $350 million for R&D during the last year will is on track to deliver more than 300 new products during the calendar year. The preliminary results include no revenue or earnings numbers and the company’s press release devoted most of its space to listing the major products rolled out during the last year. Although its stock is not publicly traded, Infor has been a public reporting company for 10 months.
INFOR SAYS Q4 REVENUE UP 10 PERCENT
Infor expects to report that revenue for the fourth quarter ended May 31 will be about 10-percent higher than a year ago. That increase was calculated in constant currencies with the increase in actual currencies up about 9 percent. Preliminary results also show a roughly 9 percent increase in both constant currency and actual rates for non-GAAP software license fees and subscription revenue for the last quarter of fiscal 2013.
