The ERP Minute - Episode 74

Microsoft announced results for the quarter ended December 31, 2022, as compared to the corresponding period of last fiscal year. Microsoft Cloud revenue was $27.1 billion, up 22% year-over-year, with Dynamics products and cloud services revenue increasing 13% with Dynamics 365 revenue growth of 21%. SAP announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. Cloud revenue was up 33% for 2022, with Q4 SAP S/4HANA cloud revenue further accelerating, up 101%. IFS announced its financial results for the full year ending December 31, 2022. Software revenue growth was at 28% year-over-year and cloud revenue growth was up 80% as existing and new customers switch to IFS Cloud. Acumatica has surpassed 10,000 customers as announced at The Acumatica Summit 2023. As we attend the Summit this week, we will provide more updates and news from the conference floor. The EY organization announced a strategic alliance between Appian and Ernst & Young LLP (EY US) to support clients on digital transformation initiatives using the next wave of intelligent automation and process mining.