Epicor announced their acquisition of Data Interchange, a UK-based provider of Electronic Data Interchange (EDI) cloud technologies and managed services. Blackbaud kicked off their annual Developers’ Conference. During this event, they highlighted their ongoing investment in Sky API, their open industry standard rest API toolset, the increase of their API endpoints, new self-service tools for technology connectors, including Microsoft Power Platform, the expansion of the Blackbaud Marketplace, and increased importance of multi-factor authentication and easy enabling of single sign-on. Oracle announced their fiscal 2022 fourth quarter and fiscal full year financial results. Total fourth quarter revenue was $11.8 billion, up 5% year-over-year. Total fourth quarter cloud revenue, for IaaS & SaaS, was $2.9 billion, up 19% year-over-year. Fiscal year 2022 total revenues were up 5% to $42.4 billion. Oracle CEO, Safra Catz, stated, “Couple a high growth rate in our cloud infrastructure business with the newly acquired Cerner applications business—and Oracle finds itself in position to deliver stellar revenue growth over the next several quarters.”
Hi and welcome to episode 43 of The ERP Minute. I am your host, Rebekah McCabe.
Epicor announced their acquisition of Data Interchange, a UK-based provider of Electronic Data Interchange (EDI) cloud technologies and managed services.
Epicor continues to extend its reach into the enterprise software value chain with not just having business process automation solutions like ERP but also EDI tools which will help them to continue to reach and offer more innovative solutions in the market. This acquisition is related to adjacent industries that they have solutions in, such as the automotive industry.
Last week, Blackbaud kicked off their annual Developers’ Conference. During this event, they highlighted their ongoing investment in Sky API, their open industry standard rest API toolset, the increase of their API endpoints, new self-service tools for technology connectors, including Microsoft Power Platform, the expansion of the Blackbaud Marketplace, and increased importance of multi-factor authentication and easy enabling of single sign-on.
We see Blackbaud making great investments in their technology platform to drive innovation for its users.
Finally, Oracle announced their fiscal 2022 fourth quarter and fiscal full year financial results. Total fourth quarter revenue was $11.8 billion, up 5% year-over-year. Total fourth quarter cloud revenue, for IaaS & SaaS, was $2.9 billion, up 19% year-over-year. Fiscal year 2022 total revenues were up 5% to $42.4 billion. Oracle CEO, Safra Catz, stated, “Couple a high growth rate in our cloud infrastructure business with the newly acquired Cerner applications business—and Oracle finds itself in position to deliver stellar revenue growth over the next several quarters.”
We would mirror Catz’s statement, that Oracle is in a strong position for significant revenue growth due to their expansion through innovations and acquisitions. We hope to see Oracle continue to apply their substantial resources to developing and providing value to their clients.
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