Infor reports Q1 licence revenue at double-digit growth

Infor

Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 73 000 customers in more than 200 countries and territories improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.

Infor customers include:

* 19 of the top 20 aerospace companies
* 10 of the top 10 high tech companies
* 10 of the top 10 pharmaceutical companies
* 22 of the 25 largest U.S. healthcare delivery networks
* 16 of the 20 largest US cities
* 20 of the top 20 automotive suppliers
* 17 of the top 20 industrial distributors16 of the top 20 global retailers
* Four of the top five brewers

Forward-looking statements

This press release contains forward-looking statements that state Infor's intentions, beliefs, expectations, or predictions for the future. Forward-looking statements often include use of the future tense with words such as "will", "may", "intends", "anticipates", "expects" and similar conditional or forward-looking words and phrases. These forward-looking statements are neither promises nor guarantees, but are only predictions and may differ materially from actual future events or results. Such statements are subject to risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Infor undertakes no obligation to update or revise the information contained herein.

Important factors that could cause a material difference between these forward-looking statements and actual events include, among other things: our ability to increase revenues from new licence sales and retain existing customers; whether we are able to complete and deliver products and services within required time frames and budgets to meet increasingly competitive customer demands and performance guaranties; risks inherent in fluctuating international currency exchange rates in light of our global operations and the unpredictable effect of geopolitical world and local events; our ability to manage expenses effectively and maintain profitability; our ability to achieve revenue from products and services that are under development; the competitive environment in which we operate and resulting pricing pressures; and whether the anticipated effects and results of our new product offerings and successful product implementation will be realised. These and other potential risks and uncertainties that relate to Infor and its business and operations are summarised in more detail from time to time in our filings with the United States Securities and Exchange Commission. Please refer to Infor's most recent quarterly and annual reports available through the Web site maintained by the SEC at www.sec.gov for more information on the risk factors that could cause actual results to differ.

Footnotes:

1 In order to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency fluctuations, we compare the percent change in the results from one period to another period using constant currency disclosure. To present this information, results for our entities in the first quarter of fiscal 2015 reporting in currencies other than the US dollar are converted into US dollars at constant exchange rates (i.e. the rates in effect in the recast first quarter of fiscal 2014) rather than the actual exchange rates in effect during the first quarter of fiscal 2015.

2 This press release contains certain financial information determined by methods other than in accordance with generally accepted accounting principles in the United States (GAAP). Non-GAAP software licence fees and subscriptions revenues include pro forma adjustments to increase software license fees and subscriptions revenues that we would have recognised if we had not adjusted acquired deferred revenues to their fair values as required by GAAP. These non-GAAP disclosures have limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of Infor's results as reported under GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Infor's management uses these non-GAAP measures in its analysis of Infor's performance because it believes these measures are material and will be used as a measure of Infor's performance by investors.