Charles Phillips: Infor at full year of growth

After a full year under the strategies put in place by the new management under CEO Charles Phillips, Infor has grown considerably. The company reports a 17% annual organic license growth in the past year, with the most recent quarter receiving 16% organic license growth on November 2011. It also reports improved EBITDA margins at 27%, with new customer additions and support subscriptions acceleration.

From Charles Phillips

At the second fiscal quarter, Infor reports growth in its enterprise resource planning business—representing the core of the company’s services—by up to 25% compared with last year. This strong financial performance is the acme of the major internal transformation the company has undergone within the past year, driven as it was by major investments in industry-specific business applications. The company now has 2,500 new customers and expanded its relations with 12,000 of its current customers.

From Charles Phillips

These and other changes were spearheaded by Charles Phillips; Infor has, in the first few months of his management, been turned upside down with its resources shifted toward engineering, hiring 500 new engineers in the process. The company has also moved to New York City’s “Silicon Alley.” Other improvements include a new product line—Infor10—and a strategic partnership with Salesforce.com, a leader in enterprise cloud computing software.

From Charles Phillips

For Charles Phillips, Infor is up for an exciting new year as 2012 offers more opportunities for growth. More information can be accessed on Twitter.