IFS reports substantial growth


Despite consolidation in the enterprise software industry, IFS, a global enterprise applications company, announced strong quarter-on-quarter growth. License revenue for IFS Americas more than doubled for the first half of 2006, compared to the same period in 2005; maintenance and support revenue increased 20%, and earnings before interest and taxes (EBIT) were up 80%, according to the company.

IFS, with 2,600 employees worldwide, offers component-based enterprise resource planning (ERP) software based on a service-oriented architecture. Fueling the growth, a variety of mid-market manufacturers—including QuadTech, Channel Technologies, Nucor Steel, Minco, Rampart Global, Chief Industries, and Cleaver-Brooks—contracted with IFS during the first half of 2006. IFS also announced the signing of a contract with Oracle USA Inc. to provide the maintenance, repair, and overhaul (MRO) portion of an integrated logistics system that Oracle is delivering to the U.S. Air Force.

According to Simon Jacobson, research analyst for AMR Research, as the mid-market continues to consolidate and standardize on business systems, leveraging a service-oriented architecture (SOA) "will foster more effective change management, easing the transition from multiple vendor platforms to a single one. This will potentially lessen the disruptive costs of modifying or even replacing an existing architecture."

Click here for more details from the company.

— Renee Robbins , editorial director, Control Engineering

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me