INFOR PREVIEWS 2Q GROWTH

Charles Phillips, InforPro forma software license growth for the second quarter ended November 30 is expected to be 8 percent to 9 percent greater than last year, Infor said this week. The software company made the statement in an SEC filing, reporting that CEO Charles Phillips had issued the guidance in a conference call with banks and financial institutions that are existing or potential lenders. Phillips also said GAAP license revenue for the most recently end period is expected to be 11 percent to 12 percent higher than a year earlier.

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