Epicor announced it acquired Grow Inc, a no-code, full-stack business intelligence platform. The acquisition complements the Epicor portfolio with analytics capabilities that allow customers to generate actionable insights from their data. Grow Inc. combines data integrations, data warehousing, and visualization into one easy to use platform. On a different note, Sage recently commissioned a study to small and mid-sized businesses. Sage commissioned the study to look at the confidence of SMBs, surveying more than 13,000 businesses across eleven countries worldwide to understand their experience during the COVID-19 pandemic and their outlook for the future. The survey found that 69% of business decision makers feel confident that their company will be successful 12 months from now, compared to 58% that felt confident this time last year. This optimism is starting to filter through into probability, with about 81% of SMBs expecting to be at least somewhat back to pre-pandemic levels of profitability. Finally, 86% of SMBs expect to make a change to become more sustainable in the year ahead. Workday recently announced its full fiscal year, 2022 results. Total revenues were $5.14 billion, an increase of 19.0% from fiscal year, 2021. Subscription revenues were $4.55 billion, an increase of 20% from the prior year. Non-GAAP operating was $1.15 billion and as of January 31, 2022, cash, cash equivalents, and marketable securities were $3.64 billion.
Hi and welcome to Episode 29 of the ERP Minute. I am your host, Rebekah McCabe.
Epicor announced it acquired Grow Inc, a no-code, full-stack business intelligence platform. The acquisition complements the Epicor portfolio with analytics capabilities that allow customers to generate actionable insights from their data. Grow Inc. combines data integrations, data warehousing, and visualization into one easy to use platform.
This is a great move for current and existing Epicor customers, in that having built in business intelligence and analytics tools will truly help customers to leverage their existing ERP investment and get them to the next level.
On a different note, Sage recently commissioned a study to small and mid-sized businesses. Sage commissioned the study to look at the confidence of SMBs, surveying more than 13,000 businesses across eleven countries worldwide to understand their experience during the COVID-19 pandemic and their outlook for the future.
The survey found that 69% of business decision makers feel confident that their company will be successful 12 months from now, compared to 58% that felt confident this time last year. This optimism is starting to filter through into probability, with about 81% of SMBs expecting to be at least somewhat back to pre-pandemic levels of profitability. Finally, 86% of SMBs expect to make a change to become more sustainable in the year ahead.
We are seeing the exact same sentiment within our SMB customers. Our clients are optimistic for the future, they are growing, and they are curious to see what happens next.
Workday recently announced its full fiscal year, 2022 results. Total revenues were $5.14 billion, an increase of 19.0% from fiscal year, 2021. Subscription revenues were $4.55 billion, an increase of 20% from the prior year. Non-GAAP operating was $1.15 billion and as of January 31, 2022, cash, cash equivalents, and marketable securities were $3.64 billion.
These results substantiate that Workday continues to be one of the strongest ERP vendors in the market and is continuing to grow, especially in the Fortune 500, where there is growing interest in expanding their portfolio of solutions. Their CEO Chano Fernandez said that the pipeline for fiscal 2023 is strong and they are looking to continue to invest in people and go-to-market strategies to deliver on their customers’ future needs.
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