Hi and welcome to episode 24 of The ERP Minute. I’m your host Erica Windle.
Oracle achieved FedRAMP High Provisional Authority to Operate from the Joint Authorization Board for an expanded set of Oracle Cloud Infrastructure services. We see Oracle getting such certifications as a unique advantage over other ERP vendors. Oracle can commit to stringent certifications at the infrastructure level as them owning their infrastructure, versus other vendors that depend on public cloud providers to do so on their behalf.
In other news, Epicor announced that it has acquired JMO Business Systems, a premier provider of warehouse management systems, and other solutions for the automotive aftermarket. This is the third acquisition that Epicor has made within the past 12 months, substantiating their move into micro-verticals through buying best of breed solutions.
Next up, Infor announced the new Infor Marketplace, a selection of solutions that can augment and enhance customers’ existing Infor software solutions. Infor continues to make strides to compete with other prevalent cloud-based organizations, as having a marketplace is vital to doing so.
IFS announced its financial results for the full year ending December 31, 2021. The company saw a 22% growth in software revenue, with cloud revenue growing strong at a 105% increase year over year. This growth indicates IFS is continuing to make major strides to become more prevalent as a software solution even in North America.
Finally, Microsoft announced its results for Q2 revealing growth across the board, including a 32% increase in general cloud revenue, its Dynamics business grew 45% as compared to the same period last year. We expect Microsoft Dynamics cloud revenue to continue to grow as legacy GP, SL, NAV, and AX customers are looking to migrate soon as Microsoft’s support sunsetting dates are approaching.
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