IFS reports substantial growth

09/14/2006


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





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