There were several financial results announcements this week, with IFS and Workwave revealing growth. Other results came from Rockwell Automation and Visma. Workday officially opened its second office in Ireland as it continues growing its presence there.
Unit4 announced the availability of AppStudio, further extending its low-code capabilities for its ERP solution.
Enterprise Times also interviewes Jeroen De Paepe, co-founder of Archisnapper, now owned by Deltek.
Appointments
The Access Group announced the appointment of Teté Soto as Chief Marketing Officer.
Business
Infor announced that it had achieved the Amazon Web Services (AWS) Manufacturing and Industrial Competency designation for Infor CloudSuite Industrial and other SaaS solutions.
MRPeasy announced that it now has 300 small manufacturing clients in the UK and 1300 worldwide. Sara Duff, UK Business Development Manager at MRPeasy, commented, “It’s not a secret that UK manufacturers, especially small and medium-sized ones, are in a precarious position right now due to both global and local economic circumstances.
“But data also shows that small manufacturers are increasingly turning to inventory management and production planning software such as MRPeasy to make their processes more efficient and cost-effective. Reaching 300 clients in the UK only confirms this and we are very happy to provide this support to UK small manufacturers.”
Rimini Street celebrated its commitment to expanding and improving quality and information security processes, and a decade after another perfect ISO-27001 and ISO-9001 audit with zero non-conformities.
Rockwell Automation Inc signed a Memorandum of Understanding to form a partnership with leading global robot manufacturer Doosan Robotics and its parent company Doosan Corporation, both Seoul-based entities and members of the historic summit in Washington, D.C., commemorating the 70th anniversary of the U.S. – South Korea alliance.
SAP announced the opening of a new office at 135 Townsend Street in the SoMa neighbourhood of San Francisco.
Customer
Sonepar Czech Republic, a distributor of electrical installation products, solutions and services, will use Infor CloudSuite Distribution Enterprise, a comprehensive cloud solution designed specifically for distribution companies.
Iren, a multi-utility group operating in electricity, gas, district heating, environmental services, integrated water services, and renewables, is deploying Infor WMS (Infor Warehouse Management System) to help automate the logistics processes for its business units whilst optimising inventory.
Almacenes Siman, a Central American retailer with stores across Guatemala, Costa Rica, Nicaragua and El Salvador, has migrated its legacy procurement solution to the Oracle Procurement cloud.
Innovate Consulting, a full business management consultancy, has selected and deployed the Pandle accounting system to help run its business Pandle revealed in an interview with Robert Dover, owner of Innovate Consulting.
SAP announced an expansion of its strategic relationship with HP Inc. HP has invested in the RISE with SAP solution to support its focus on driving digital transformation, portfolio optimization and operational efficiency.
Greater Austin Merchants Cooperative Association (GAMA), representing the convenience, gas, and wholesale distribution industries, has selected SAP S/4HANA Cloud, public edition, to support its business transformation and help future-proof the organization.
Financial Reports
Microsoft
Microsoft Corp announced the following results for the quarter ended March 31, 2023, as compared to the corresponding period of last fiscal year:
- Revenue was $52.9 billion and increased 7% (up 10% in constant currency)
- Operating income was $22.4 billion and increased 10% (up 15% in constant currency)
- Net income was $18.3 billion and increased 9% (up 14% in constant currency)
- Diluted earnings per share were $2.45 and increased 10% (up 14% in constant currency)
Satya Nadella, chairman and chief executive officer of Microsoft, commented, “The world’s most advanced AI models are coming together with the world’s most universal user interface – natural language – to create a new era of computing. Across the Microsoft Cloud, we are the platform of choice to help customers get the most value out of their digital spend and innovate for this next generation of AI.”
Rockwell Automation
Rockwell Automation, the firm behind Plex, published its Q2 2023 results and updated its forecast. Revenue sales were up 25.8% year over year to $2,275 million, and total ARR rose 15%. Its revenue guidance increased from 10-14% to 12.5% to 16.5%.
Blake Moret, Chairman and CEO, commented, “We had another quarter of outstanding performance on both top line and bottom line, with sales up over 25% year over year. Our strong sales and margin growth reflect the continued improvement in component availability and our strong execution to deliver critical solutions to our customers.”
Visma
Visma announced the results for Q1 2023 and saw its ARR attain more than €2 billion. Total revenue for the quarter was €571 million, up 19% year over year. EBITDA rose 17% year over year to €148 million.
Merete Hverven, CEO of Visma, commented, “Demand for mission-critical software continues to show resilience through an uncertain period for the global economy, and we are seeing a healthy contribution of sales growth from both existing and new customers.”
Product
BST Global, a project-based ERP and work management solutions provider serving the world’s leading architecture, engineering and consultancy firms, unveiled the industry’s first suite of AI-powered project intelligence solutions.
