Infor shows strong growth
Infor closed out 2011 with strong, double digit growth. While the company does not release financial details it claims:
- 17% license growth in the 12 months to 30th November, 2011
- 16% organic licence growth for its second fiscal quarter
- EBITDA margins up to 27%
- Year over year growth in Infor's core ERP business up 25%
The lack of financial insight is frustrating, especially since we do not know what impact these improvements had on Infor's rumored debt mountain. However, the company appears to be benefiting from a fresh focus that saw it add 2,500 net new customers during 2011 and expand its reach among 12,000 existing customers.
As part of the press release, Infor reminded the market that it is not just another rollup play:
Infor added more than 500 software engineers in 2011 and announced plans to hire an additional 75 developers in its Innovation Center, which will be housed at the company's new headquarters in New York City. Infor shipped 69 new products, 1904 new features and 2001 customer enhancement requests – up more than 70 percent from the previous year.
It also reminded us that Infor has created a strategic partnership with Salesforce.com that includes a multi-million dollar investment into Infor. Details of development progress were not revealed.
Expect to hear me talk more about Infor in the coming year. They are shaping up to become interesting again as they provide more lightweight integrations to third party applications like SAP and, of course, Salesforce.com