The ERP Minute Episode 49 - July 26th, 2022

Oracle Corp and Microsoft Corp announced the general availability of Oracle Database Service for Microsoft Azure. With this new offering, Microsoft Azure customers can provision, access, and monitor enterprise-grade Oracle Database services in Oracle Cloud Infrastructure. Users will be able to migrate and build new applications on Azure and then connect to Oracle Database services. Sage announced an expanded partnership with Microsoft, including plans to integrate Microsoft Business products, such as Microsoft 365 and Microsoft teams, as embedded services in Sage products and the Sage Digital Network. Deltek recently announced an agreement to acquire TIP Technologies, a provider of quality, compliance, and manufacturing execution solutions. Deltek’s President and CEO, Mike Corkery, said, “This acquisition is a natural evolution of our partnership, and will create a more effortless way for our customers to get the combined benefits of our collective solutions.”  SAP announced its financial results for the second quarter and half-year ended June 20, 2022. Cloud revenue was up 34% to become the largest revenue stream.  SAP S/4HANA's current cloud backlog extends its growth trend, up 100%.  SAP’s cloud backlog exceeded approximately $10.23 billion, up 34%. Planful released strong momentum within its reporting for the first half of 2022. Subscription bookings beat the previous best-ever quarter by more than 20%, while customer expansion bookings surged 41% year-over-year. 

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