A 12.4-percent drop in software license revenue held down Infor’s results for the year ended April 30. Nevertheless, the company rebounded to a profit of $142 million for fiscal 2019, compared to a loss of $192.1 million for fiscal 2018.

Revenue for the recently ended year was $3.17 billion, up 3.3 percent from $3.12 billion the prior year. Executives pointed to the switch from software sales to cloud subscription revenue as producing the result. “It’s a natural evolution of the market,” CEO Charles Phillips said during this week’s earnings webcast. Infor expects license revenue will continue to be volatile and noted this year’s results included fewer large transactions. Subscription revenue reached $645.6 million last year, an increase of 21.3 percent from $532.3 million for fiscal 2018. The number of SaaS transactions for FY19 was up 33.7 percent over 2018 with a 77 percent increase in transactions larger than $1 million. Infor helped the bottom line by cutting operating expenses to $2.76 billion, off 1. 9 percent from $2.81 billion


Last modified on Friday, 28 June 2019
Read 362 times
Rate this item
(0 votes)

Visit other PMG Sites:

Template Settings


For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue


Background Color
Text Color


Background Color


Select menu
Google Font
Body Font-size
Body Font-family
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline