However, the company said that growth in non-GAAP software license fees and subscription would be $130.6 million to $132.6 million, or up by 5.2 percent to 6.8 percent over a year earlier. The company said it will also change its fiscal year from a May 31 year-end to April 30, which will results in an 11-month reporting period ending April 30, 2015. Infor also reported that adjusted EBITDA is expected to be in the range of $181.4 million to $185.4 million. The company did not provide any detail on the purpose of the offering.
INFOR EXPECTS SMALL REV HIKE Featured
Infor said it expects to report revenue in the range of $673.2 million to $677. 2 million for the third quarter ended February 31. Those preliminary results would reflect revenue growth of 1.1 percent to 1.7 percent over last year's corresponding period. The company issued the numbers in connection today's launch of an offering of $750 million of Senior Contingent Cash Pay Notes due 2021.
