--- title: "The ERP Minute Episode 37: May 3, 2022" description: This week's ERP news on Microsoft's mixed reality features, IFS's first quarter results, Sage's brand refresh, & Qlik's Academic Program growth in India. image: https://www.erpadvisorsgroup.com/hubfs/ERPM%20%2337%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 37: May 3, 2022 Microsoft recently reported on advancements to their comprehensive ecosystem of mixed reality solutions, including Microsoft HoloLens 2, Microsoft Dynamics 365 Remote Assist, and Microsoft Dynamics 365 Guides to empower teams to cooperate more effectively and reduce time-to-care. IFS delivered exceptional first quarter performance with Annual Contract Value (ACV) bookings up 78% and recurring revenue up 45%. Cloud revenue was up 67% year on year, share of recurring revenue is now at 70% of total revenue, and software revenue growth is up 25% year on year. Sage announced a complete brand refresh. This new look and feel will come through Sage Membership Masterclass proposition for customers, new sporting partnerships benefitting customers and communities, new services in the digital network, including Accounting and Compliance as a Service, and a new advertising campaign featuring the Sage customers. Qlik has expanded the Qlik Academic Program to over 700 universities and educational institutions across India. Qlik is investing in the growth of data literacy across the globe. Investing in students and the next generation is as smart move from Qlik who understands the need for education to ensure the future success of the analytics market.     Microsoft recently reported on advancements to their comprehensive ecosystem of mixed reality solutions, including Microsoft HoloLens 2, Microsoft Dynamics 365 Remote Assist, and Microsoft Dynamics 365 Guides to empower teams to cooperate more effectively and reduce time-to-care. IFS delivered exceptional first quarter performance with Annual Contract Value (ACV) bookings up 78% and recurring revenue up 45%. Cloud revenue was up 67% year on year, share of recurring revenue is now at 70% of total revenue, and software revenue growth is up 25% year on year. Sage announced a complete brand refresh. This new look and feel will come through Sage Membership Masterclass proposition for customers, new sporting partnerships benefitting customers and communities, new services in the digital network, including Accounting and Compliance as a Service, and a new advertising campaign featuring the Sage customers. Qlik has expanded the Qlik Academic Program to over 700 universities and educational institutions across India. Qlik is investing in the growth of data literacy across the globe. Investing in students and the next generation is as smart move from Qlik who understands the need for education to ensure the future success of the analytics market.   Click here for the full transcript Hi and welcome to episode 37 of The ERP Minute at our brand-new office! I am your host, Rebekah McCabe. Microsoft recently reported on advancements to their comprehensive ecosystem of mixed reality solutions, including Microsoft HoloLens 2, Microsoft Dynamics 365 Remote Assist, and Microsoft Dynamics 365 Guides to empower teams to cooperate more effectively and reduce time-to-care. The adoption of mixed reality across all industries is a gamechanger in the way that business is conducted. Training can be streamlined like never before and production will be able to advance beyond what could have been imagined just years ago. We look forward to the unimaginable ways that mixed reality will enhance the ERP experience for users. IFS delivered exceptional first quarter performance with Annual Contract Value (ACV) bookings up 78% and recurring revenue up 45%. Cloud revenue was up 67% year on year, share of recurring revenue is now at 70% of total revenue, and software revenue growth is up 25% year on year. We continue to see IFS grow in the North American ERP market, even in our own selections. With the new investment from Hg, IFS will most likely continue to fuel this growth into the future. Last week, Sage announced a complete brand refresh. This new look and feel will come through Sage Membership Masterclass proposition for customers, new sporting partnerships benefitting customers and communities, new services in the digital network, including Accounting and Compliance as a Service, and a new advertising campaign featuring the Sage customers. Sage is making a big move and we see this as just the beginning. The rebrand is heavily in line with the industry’s Small and Mid-Size business focus at just the right time, as SMBs pour investments into ERPs, not to mention many legacy Sage customers are looking to invest in cloud solutions. In ERP philanthropic news, Qlik has expanded the Qlik Academic Program to over 700 universities and educational institutions across India. Qlik is investing in the growth of data literacy across the globe. Investing in students and the next generation is as smart move from Qlik who understands the need for education to ensure the future success of the analytics market. 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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