Sage published its Q3 2023 results last week, with revenue up 10% year over year. Dext announced an updated Xero integration and enabled payment through the Xero App Store. Infor revealed that Project 3 Mobility selected its Infor CloudSuite Automotive solution over SAP and IFS.
Appointments
The Access Group has appointed Pooja Singh as Managing Director of its Global Operation Centres (GO Centres) in APAC, the first of which will be located in Kuala Lumpur, Malaysia.
Business
Jesta I.S., a pioneer in the development of an end-to-end Retail Management Suite, and Crossing Minds, a leading product recommendation platform powered by artificial intelligence (AI) and machine learning (ML), have announced a partnership to bring relevant, personalized product recommendations to omnichannel shoppers worldwide.
Customer
Michelin, the world leader in the mobility sector, has digitally transformed its fulfilment capabilities with Blue Yonder, preparing the company for a large-scale move to SaaS. The manufacturer has successfully implemented Blue Yonder’s SaaS-based Fulfilment solution, part of the Blue Yonder Supply Planning solution.
UK-based Azumi Limited has chosen Oracle MICROS Simphony Cloud Point-Of-Sale (POS) to upscale its restaurant management in selected locations. United BioSource, LLC (UBC), the leading provider of evidence-based research for the biopharma industry, has migrated its safety functions from on-premises to Oracle Argus Cloud Service, a trusted safety case management solution.
India’s Ministry of Education has chosen Oracle Cloud Infrastructure (OCI) to modernize the country’s national education technology platform, ‘Digital Infrastructure for Knowledge Sharing’ (DIKSHA).
Wendy’s, the second-largest quick-service hamburger chain in the U.S., has implemented Oracle Fusion Cloud Applications Suite and moved business-critical workloads to Oracle Cloud Infrastructure (OCI) to increase productivity, expand business insights, and improve the experience it delivers to its growing customer base.
Oracle NetSuite revealed how its ERP solution has powered Regina Andrew’s B2B and B2C eCommerce Channels by centralising business functions and improving inventory management with NetSuite Warehouse Management System (WMS). The firm also uses NetSuite SuiteCommerce Advanced. Ryan Shaltry, Director of Technology, commented, “NetSuite ERP and SuiteCommerce Advanced eliminate a lot of the overhead of maintaining a typical eCommerce site while providing enough functionality to present a seamless experience for both B2B and B2C customers.”
Client First Technologies (CFT) has selected Unanet ERP GovCon to provide the company with the streamlined accounting automation and compliance tools it needs to scale rapidly amid growth.
Financial Reports
Rimini Street
Rimini Street published its fiscal Q2 2023 results. Key figures included the following:
- Revenue was $106.4 million for the 2023 second quarter, up 5.2% from Q2 2022
- S. revenue was $54.0 million, up 0.1% from Q2 2022
- International revenue was $52.4 million, up 10.9% from Q 2022
- Annualized Recurring Revenue was $410.1 million, 3.4% from Q2 2022
- Revenue Retention Rate was 94% for the trailing twelve months ended June 30, 2023
- Gross margin was 63.0% for the 2023 second quarter, down 1% from Q2 2022
Seth A. Ravin, Rimini Street’s Co-Founder, President, CEO and Chairman of the board, commented, “For the second quarter of 2023, we were pleased to achieve the largest second quarter total sales invoicing in North American history, which we believe is one of several data points that indicate our updated sales and marketing go-to-market plan is continuing to gain traction. New client invoicing and pipeline improved sequentially and year over year, and we are seeing continued sales growth across our new, full product portfolio.
“As a global leader in production support for mission-critical systems, we continue to grow our workforce and capabilities to deliver our full solutions portfolio globally, backed by innovation and technology that provides additional leverage for increased profitability with growth. We believe our significantly expanded solutions portfolio will increase sales to new and existing clients, improve subscription renewals and extensions and expand lifetime contract value.”
Product
Odoo announced the enhanced localisation of its ERP solution for Australian customers. It will also provide a new hosted region in Oceania. New features include support for A-NZ PEPPOL BIS Billing 3.0, standardised tax formats, exchange difference accounts, etc.
Oracle Cloud Infrastructure (OCI) has introduced a new Secure Cloud Computing Architecture (SCCA) for the U.S. Department of Defense (DoD). The solution helps make security compliance and cloud adoption for mission-critical workloads easier, faster, and more cost-effective by using a framework of cloud-native services.
OrderWise published an update on what has happened since it was acquired by Forterro a year ago. The company is now working on a cloud-based solution, has improved its support service and has reorganised its development function. It has moved to a quarterly release cycle, and recent updates included enhancements to Sales functionality, new Android HHTs capabilities, and new Purchasing features.
Zoho announced updates to Zoho Calendar. It has simplified event invitations and tracking. These improvements include simplifying responses to invitations and threading responses to group them together.
