Last week, Grosfillex revealed how Infor AI and Infor Birst combined to deliver an AI-powered customer grading process, helping to increase revenues by 10% and sales productivity by 83%.
Certinia unveiled updates to its Services-as-a-business platform, including new features for its ERP solution. Epicor announced the promotion of Joe Ayers to Executive Vice President and Chief Financial Officer. Andrew Longland, Managing Director of HIT Technology, a SYSPRO partner, gave a tip about setting up a VAR.
Business
Intuit announced a global QuickBooks brand platform, “Business Differently,” focused on reaching the growing population of solopreneur small business owners. This new multi-channel campaign debuts this week in the US. It introduces an industry-leading 5.00% APY — over 70 times the US average — with QuickBooks Money, a new subscription-free payments and banking solution.
AccessPay, the leading corporate-to-bank integration provider, has announced that it has become a Sage Recommended Solution. Enabling customers across the world to increase the frequency and accuracy of their reconciliation processes and mitigate error-based risks.
SAP SE expanded its integration with financial services company PayPal. Through the creation of a digital payments plug-in for the PayPal Braintree platform built on the SAP Business Technology Platform (SAP BTP).
Customer
Smaken av Grimstad AS, Norway’s leading provider of canned and preserved fresh produce, has gone live with Infor CloudSuite Food & Beverage in eight weeks.
Europe’s largest ventilation company, Systemair (STO: SYSR ), is moving its core business system to Infor CloudSuite Manufacturing. Aiming at smoother integration of newly acquired companies and developing new types of products and services.
Habia, a leading global manufacturer of wires, cables and cable harnesses, has chosen to upgrade its existing IFS enterprise resource planning (ERP) software to the latest IFS Cloud solution.
NOTE AB, one of the leading contract manufacturers in northern Europe, has selected IFS Cloud. This is a strategic move to streamline and automate business processes, deliver enhanced visibility over its operations, and continue to drive growth.
NetSuite shared how R1 Companies, New Mexico’s largest real estate brokerage, moved from QuickBooks to NetSuite in 2020. And hasn’t looked back.
Myers-Holum, Inc., an award-winning consulting firm and leader in delivering NetSuite, Stripe, Boomi, and Google Cloud Platform solutions, consolidated its internal systems on NetSuite. The project saw NetSuite replace QuickBooks for accounting, Salesforce for CRM, and Mavenlink (now Kantata) for project execution, time, and expenses in early 2023.
Rimini Street announced that santec has selected Rimini Consult for SAP. This will provide professional services and guidance for the strategic separation of the company into 4 corporations. santec is a Japanese headquartered global photonics company and a leading manufacturer of tunable lasers, optical test and measurement products, advanced optical components, and biophotonics.
Financial Reports
Oracle announced its Q2 financial results. Total quarterly revenues were up 5% year-over-year in USD and up 4% in constant currency to $12.9 billion. Cloud services and license support revenues were up 12% in USD and up 11% in constant currency to $9.6 billion. Cloud license and on-premise license revenues were down 18% in USD and down 19% in constant currency to $1.2 billion.
Oracle CEO Safra Catz commented, “Demand for our Cloud Infrastructure and Generative AI services is increasing at an astronomical rate. As a measure of that demand, Oracle’s total Remaining Performance Obligations (RPO) climbed to over $65 billion — exceeding annual revenue. Our cloud businesses are now at nearly a $20 billion-dollar annual revenue run rate, and cloud services demand continues to grow at unprecedented levels. Business is good and getting better.”
Despite the growth, the results were below analyst expectations, and shares have fallen by roughly 10% over the last week.
Oracle Chairman and CTO Larry Ellison remains bullish noting, “Oracle is in the process of expanding 66 of our existing cloud datacenters — and building 100 new cloud datacenters — to meet growing demand. We can build our new datacenters very rapidly and operate them inexpensively because they are all highly automated with identical high-performance RDMA networks and the same set of autonomous services.
“In the next few months, we are turning on 20 new Oracle cloud datacenters collocated with and connected to Microsoft Azure. Simultaneously we are building dozens of new datacenters in countries all over the world. Demand is over the moon.”
Product
The Oracle Database@Azure service is now generally available in the Microsoft Azure East US region. Oracle will operate and manage Oracle Exadata Database Service. This is the first of several planned Oracle database services to run on Oracle Cloud Infrastructure (OCI) in Azure datacenters.
Oracle announced the opening of a second Oracle Cloud Region in Chile, This will make it the first hyperscaler to have two regions in the country.
