On June 1st, Oracle announced that all required antitrust approvals have been obtained for its proposed acquisition of Cerner, a leading provider of digital information systems used within hospitals and health systems. Oracle completed the acquisition of Cerner as of today, June 7th. Infor announced that it has entered into a technology partnership with Everstream Analytics, the global supply chain insights and risk analytics company, to help organizations better anticipate and navigate supply chain risks and disruptions. Through this partnership, Infor will integrate Everstream’s end-to-end supply chain risk assessment and monitoring data with its Infor Nexus multi-enterprise business network platform. Salesforce announced results for its first quarter fiscal 2023 ended April 30, 2022. First quarter revenue was $7.41 billion, up 24% year-over-year, with Operating Cash Flow at $3.68 billion, up 14% year-over-year.
Hi and welcome to episode 42 of The ERP Minute. I am your host, Rebekah McCabe.
On June 1st, Oracle announced that all required antitrust approvals have been obtained for its proposed acquisition of Cerner, a leading provider of digital information systems used within hospitals and health systems. Oracle completed the acquisition of Cerner as of today, June 7th. This acquisition marks an important achievement for Oracle as it moves from industry business process automation solutions to healthcare applications that millions of providers rely on across the world. Acquiring Cerner makes Oracle one of the main contenders in the multibillion-dollar healthcare industry.
In other news, Infor announced that it has entered into a technology partnership with Everstream Analytics, the global supply chain insights and risk analytics company, to help organizations better anticipate and navigate supply chain risks and disruptions. Through this partnership, Infor will integrate Everstream’s end-to-end supply chain risk assessment and monitoring data with its Infor Nexus multi-enterprise business network platform.
In our opinion, Everstream Analytics’ unique approach to supply chain analytics will help Infor customers who are being heavily impacted by supply chain issues across the globe.
Finally, Salesforce announced results for its first quarter fiscal 2023 ended April 30, 2022. First quarter revenue was $7.41 billion, up 24% year-over-year, with Operating Cash Flow at $3.68 billion, up 14% year-over-year.
Our expectations as Salesforce continues to experience unbelievable growth is that the market should continue to expect, even demand, even more from Salesforce in the future. Their significant resources allow them to drive future innovations and offerings that no other company can bring into fruition.
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.
