--- title: "The ERP Minute Episode 115: December 5, 2023" description: ERP news on Workday and Salesforce's financial results for fiscal 2024 Q3, IFS announced the general availability of its second IFS Cloud release for 2023, Infor formed a partnership with ETQ, and AWS announced four new capabilities for AWS Supply Chain. image: https://www.erpadvisorsgroup.com/hubfs/ERPM%20%23115%20Thumbnail.png --- [![ERPlogo](https://www.erpadvisorsgroup.com/hubfs/ERPlogo.svg "ERPlogo")](https://www.erpadvisorsgroup.com) [**](tel:8664998550) [**](mailto:info@erpadvisorsgroup.com) [Schedule a Consultation](https://www.erpadvisorsgroup.com/erp-consultant-consultation) We use cookies to enhance your browsing experience and support our analytics. To manage your preferences, visit our [cookie settings page](https://www.erpadvisorsgroup.com/cookie-preferences). Continue × Cookie Settings # The ERP Minute Episode 115: December 5, 2023 The week kicked off with fiscal 2024 third quarter financial results from Workday and Salesforce. IFS announced the general availability of the second of its twice-yearly IFS Cloud releases for 2023. Infor formed a partnership with ETQ to strengthen environmental, health, and safety solutions. Finally, AWS announced four new capabilities for AWS Supply Chain.   The week kicked off with fiscal 2024 third quarter financial results from Workday and Salesforce. IFS announced the general availability of the second of its twice-yearly IFS Cloud releases for 2023. Infor formed a partnership with ETQ to strengthen environmental, health, and safety solutions. Finally, AWS announced four new capabilities for AWS Supply Chain.   Click here for the full transcript Hi and welcome to episode 115 of The ERP Minute. I’m your host, Rebekah McCabe. The week kicked off with strong financial results from Workday and Salesforce. First, Workday announced results for the fiscal 2024 third quarter ended October 31, 2023. Total revenues were $1.87 billion, an increase of 16.7% from the third quarter of fiscal 2023. Subscription revenues were $1.69 billion, an increase of 18.1% from the same period last year. The total subscription revenue backlog was $18.45 billion, up 30.9% from the same period last year. Then, Salesforce announced results for its third quarter of fiscal 2024 ended October 31, 2023. Third-quarter revenue was $8.72 billion, up 11% year-over-year, with a third-quarter GAAP operating margin of 17.2% and a non-GAAP operating margin of 31.2%. Both of these financial results demonstrate the continued growth within the ERP market, with vendors continuing to innovate and offer new solutions to improve their profit margins every year, especially within their subscription revenue. In other news, IFS announced the general availability of the second of its twice-yearly IFS Cloud releases for 2023. From this release onward, the company’s recently launched AI architecture IFS.ai’s capabilities will be directly woven into all of IFS’s products and industry-specific capabilities. Additionally, IFS has committed the release to focus on three strategic business themes: optimize people, assets, and services, connect global operations, and achieve ESG goals profitably. With IFS.ai, customers can realize even greater value with their ERP. Related, Infor announced that it has formed a partnership with ETQ, part of Hexagon, to strengthen the solution ecosystem for food and beverage, life sciences, chemicals, fashion, and distribution enterprises requiring best-in-class quality management and environmental, health, and safety solutions. The ETQ Reliance offers a quality management system (QMS) to provide capabilities for document control,  corrective and preventative actions, nonconformance management, enterprise risk management, a portfolio of environmental health and safety (EHS) applications, and much more. This solution fits well into Infor’s technology stack and platform to offer industry-specific capabilities that further enhance Infor’s client value. Finally, AWS announced four new capabilities for AWS Supply Chain – combining Amazon’s nearly 30 years of supply chain experience with the resilience, security, and business continuity of an AWS-managed service. Enhancements include AWS Supply Chain Supply Planning, AWS Supply Chain N-Tier Visibility, AWS Supply Chain Sustainability, and Amazon Q, a generative AI-powered assistant in AWS Supply Chain. As AWS continues to cement its place in the ERP market, we will likely continue to see enhanced capabilities meant to deliver more specialized solutions within its already deep platform. Thanks for tuning into The ERP Minute. We are always looking for newsworthy material to share with our listeners, so send us breaking ERP news! Be sure to subscribe to our Apple Podcast, Spotify, and YouTube channels so you never miss an episode. We’ll see you next week. 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