10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTERLY PERIOD ENDED OCTOBER 31, 2015

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM                      TO                     

Commission file number: 333-183494-06

INFOR, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	01-0924667
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)
641 AVENUE OF THE AMERICAS NEW YORK, NEW YORK	10011
(Address of principal executive offices)	(Zip Code)

(646) 336-1700

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ¨    No  x

Note: The registrant is a voluntary filer and is not subject to the filing requirements. However, the registrant has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	x	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ¨    No  x

The number of shares of our common stock outstanding on December 8, 2015, was 1,000, par value $0.01 per share.

INFOR, INC.

Form  10-Q

Index

PART I.	FINANCIAL INFORMATION	4
Item 1.	Financial Statements (unaudited)	4
	Condensed Consolidated Balance Sheets at October 31, 2015 and April 30, 2015	4
	Condensed Consolidated Statements of Operations for the three and six months ended October 31, 2015 and 2014	5
	Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended October 31, 2015 and 2014	6
	Condensed Consolidated Statements of Cash Flows for the six months ended October 31, 2015 and 2014	7
	Notes to Condensed Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	43
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	60
Item 4.	Controls and Procedures	61
PART II.	OTHER INFORMATION	61
Item 1.	Legal Proceedings	61
Item 1A.	Risk Factors	61
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	61
Item 3.	Defaults Upon Senior Securities	61
Item 4.	Mine Safety Disclosures	61
Item 5.	Other Information	61
Item 6.	Exhibits	62
	Signatures	63

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Forward-Looking Statements

In addition to historical information, this Quarterly Report on Form 10-Q (Quarterly Report) for the quarter ended October 31, 2015, contains forward-looking statements within the meaning of securities laws. The forward-looking statements are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “forecast,” “project,” “should” and similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among others, statements about our future performance, the continuation of historical trends, the sufficiency of our sources of capital for future needs, the effects of acquisitions, the outcome of pending litigation and the expected impact of recently issued accounting pronouncements. These statements are based on certain assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate in these circumstances. The forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially from those anticipated in the forward-looking statements; including those that are discussed under Risk Factors in documents we have filed with the U.S. Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K/T for our fiscal year ended April 30, 2015, filed with the SEC on June 26, 2015 (our Form 10-K/T), and those that may be discussed in this Quarterly Report under Part II, Item 1A, Risk Factors.

Given these risks and uncertainties, you are cautioned not to place undue reliance on the forward-looking statements included in this Quarterly Report. The forward-looking statements included in this Quarterly Report reflect management’s opinions only as of the date hereof. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, whether as a result of new information, future events or otherwise. Readers should carefully review the risk factors described in our Form 10-K/T and in other documents that we file from time to time with the SEC including our Quarterly Reports on Form 10-Q.

Change in Fiscal Year

Unless otherwise indicated, references to our fiscal year mean the fiscal year ended on April 30 of such year. As disclosed in our Current Report on Form 8-K filed with the SEC on April 23, 2014, we have changed our fiscal year end to April 30 effective beginning with our fiscal year 2015. In addition, in transitioning to our new fiscal year end, we reported fiscal 2015 as the 11-month transition period of June 1, 2014 through April 30, 2015. Any reference to fiscal 2015 means the 11-month transition period. See Note 1, Nature of Business and Basis of Presentation — Fiscal Year, for further information.

Available Information

We announce material information, including press releases, analyst presentations and financial information regarding the Company (as defined below), through a variety of means, including the Company’s website (www.infor.com), the Investors subpage of our website (www.infor.com/company/infor-investors-relations/), our blog (blogs.infor.com), press releases, filings with the SEC, public conference calls and social media, including the Company’s Twitter account (twitter.com/infor) and Facebook page (www.facebook.com/infor), in order to achieve broad, non-exclusionary distribution of information to the public. The Investors subpage is accessible by clicking on the tab labeled “Company” on our website home page. We also use these channels to expedite public access to time-critical information regarding the Company in advance of or in lieu of distributing a press release or a filing with the SEC disclosing the same information. Therefore, investors should look to these channels for important and time-critical information. In addition, we make available on the Investors subpage of our website (under the link “Investor News”), free of charge, our annual reports on Form 10-K and quarterly reports on Form 10-Q as soon as practicable after we electronically file such reports with the SEC. We encourage investors, the media and others interested in the Company to review the information we post on these various channels, as such information could be deemed to be material information.

Additionally, the public may read and copy any of the materials we file with the SEC at the SEC’s Public Reference Room at 100 F Street, NE, Room 1580, Washington, D.C. 20549. Information on the operation of the Public Reference Room may be obtained by calling the SEC at (800) SEC-0330. Our electronically filed reports can also be obtained on the SEC’s internet site at http://www.sec.gov.

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PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

INFOR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in millions, except share amounts which are actuals)

(unaudited)

	October 31, 2015			April 30, 2015
ASSETS
Current assets:
Cash and cash equivalents	$	499.0		$	526.7
Accounts receivable, net		326.8			338.0
Prepaid expenses		126.8			113.9
Income tax receivable		47.3			49.6
Other current assets		22.4			17.8
Deferred tax assets		38.9			30.8
Total current assets		1,061.2			1,076.8
Property and equipment, net		100.0			81.8
Intangible assets, net		1,001.1			731.0
Goodwill		4,366.0			4,045.8
Deferred tax assets		65.0			72.8
Other assets		54.3			40.3
Total assets	$	6,647.6		$	6,048.5
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	66.1		$	62.4
Income taxes payable		33.6			33.5
Accrued expenses		398.6			339.1
Deferred tax liabilities		1.4			1.1
Deferred revenue		777.5			867.0
Current portion of long-term obligations		0.1			0.1
Total current liabilities		1,277.3			1,303.2
Long-term debt, net		5,683.7			5,226.7
Deferred tax liabilities		167.3			107.0
Other long-term liabilities		204.5			208.4
Total liabilities		7,332.8			6,845.3
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests		127.8			—
Stockholders’ deficit:
Common stock, $0.01 par value; 1,000 shares authorized; 1,000 shares issued and outstanding at October 31, 2015 and April 30, 2015		—			—
Additional paid-in capital		1,190.4			1,209.1
Receivable from stockholders		(36.9	)		(35.3	)
Accumulated other comprehensive (loss) income		(302.2	)		(240.6	)
Accumulated deficit		(1,674.3	)		(1,730.0	)
Total Infor, Inc. stockholders’ deficit		(823.0	)		(796.8	)
Noncontrolling interests		10.0			—
Total stockholders’ deficit		(813.0	)		(796.8	)
Total liabilities, redeemable noncontrolling interests and stockholders’ deficit	$	6,647.6		$	6,048.5

The accompanying Notes are an integral part of the Condensed Consolidated Financial Statements.

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INFOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions)

(unaudited)

	Three Months Ended October 31,						Six Months Ended October 31,
	2015			2014			2015			2014
Revenues:
Software license fees and subscriptions	$	139.9		$	132.8		$	260.9		$	324.8
Product updates and support fees		354.3			372.0			710.9			745.7
Software revenues		494.2			504.8			971.8			1,070.5
Consulting services and other fees		169.1			180.8			331.8			368.3
Total revenues		663.3			685.6			1,303.6			1,438.8
Operating expenses:
Cost of software license fees and subscriptions(1)		39.6			29.0			70.8			62.6
Cost of product updates and support fees (1)		63.1			65.5			124.8			132.3
Cost of consulting services and other fees (1)		140.0			138.5			278.8			285.0
Sales and marketing		106.5			119.6			207.9			247.3
Research and development		99.7			104.3			198.9			206.3
General and administrative		46.7			46.1			90.9			106.5
Amortization of intangible assets and depreciation		58.7			61.3			115.4			126.4
Restructuring costs		6.4			3.8			8.2			11.3
Acquisition-related and other costs		9.6			(1.4	)		11.6			(0.7	)
Total operating expenses		570.3			566.7			1,107.3			1,177.0
Income from operations		93.0			118.9			196.3			261.8
Other expense, net:
Interest expense, net		78.5			88.0			151.1			176.7
Other (income) expense, net		10.8			(2.0	)		(26.4	)		(34.1	)
Total other expense, net		89.3			86.0			124.7			142.6
Income before income tax		3.7			32.9			71.6			119.2
Income tax provision		6.5			19.8			16.9			32.6
Net income (loss)		(2.8	)		13.1			54.7			86.6
Net loss attributable to noncontrolling interests		(1.0	)		—			(1.0	)		—
Net income (loss) attributable to Infor, Inc.	$	(1.8	)	$	13.1		$	55.7		$	86.6

(1) Excludes amortization of intangible assets and depreciation which are separately stated below.

The accompanying Notes are an integral part of the Condensed Consolidated Financial Statements.

5

INFOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in millions)

(unaudited) 

	Three Months Ended October 31,						Six Months Ended October 31,
	2015			2014			2015			2014
Net income (loss)	$	(2.8	)	$	13.1		$	54.7		$	86.6
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax		2.4			(80.0	)		(62.4	)		(137.3	)
Change in defined benefit plan funding status, net of tax		—			0.6			0.2			1.5
Unrealized gain (loss) on derivative instruments, net of tax		—			(2.5	)		0.6			(3.0	)
Total other comprehensive income (loss)		2.4			(81.9	)		(61.6	)		(138.8	)
Comprehensive income (loss)		(0.4	)		(68.8	)		(6.9	)		(52.2	)
Noncontrolling interests comprehensive income (loss)		(1.0	)		—			(1.0	)		—
Comprehensive income (loss) attributable to Infor, Inc.	$	0.6		$	(68.8	)	$	(5.9	)	$	(52.2	)

The accompanying Notes are an integral part of the Condensed Consolidated Financial Statements.

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INFOR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in millions)

(unaudited)

	Six Months Ended
	October 31,
	2015			2014
Cash flows from operating activities:
Net income	$	54.7		$	86.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		115.4			126.4
Provision for doubtful accounts, billing adjustments and sales allowances		9.4			10.3
Deferred income taxes		(15.5	)		(24.5	)
Non-cash gain on foreign currency		(26.1	)		(34.0	)
Non-cash interest		12.3			13.3
Equity-based compensation expense		3.2			13.0
Other		0.9			0.7
Changes in operating assets and liabilities (net of effects of acquisitions):
Prepaid expenses and other assets		(12.2	)		(5.0	)
Accounts receivable, net		36.5			(26.1	)
Income tax receivable/payable		3.0			22.4
Deferred revenue		(104.1	)		(102.9	)
Accounts payable, accrued expenses and other liabilities		38.0			(19.7	)
Net cash provided by operating activities		115.5			60.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		(549.3	)		(30.1	)
Change in restricted cash		—			19.0
Purchases of property, equipment and software		(28.8	)		(20.3	)
Net cash used in investing activities		(578.1	)		(31.4	)
Cash flows from financing activities:
Dividends paid		(17.0	)		(42.7	)
Loans to stockholders		(1.6	)		(0.2	)
Payments on capital lease obligations		(1.3	)		(1.4	)
Proceeds from issuance of debt		495.0			—
Payments on long-term debt		(17.1	)		(71.6	)
Deferred financing fees		(16.5	)		—
Other		(0.8	)		(8.5	)
Net cash provided by (used in) financing activities		440.7			(124.4	)
Effect of exchange rate changes on cash and cash equivalents		(5.8	)		(23.2	)
Net decrease in cash and cash equivalents		(27.7	)		(118.5	)
Cash and cash equivalents at the beginning of the period		526.7			447.1
Cash and cash equivalents at the end of the period	$	499.0		$	328.6

The accompanying Notes are an integral part of the Condensed Consolidated Financial Statements.

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INFOR, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

1. Nature of Business and Basis of Presentation

Infor, Inc. is one of the largest providers of enterprise software and services in the world. We provide industry-specific and other enterprise software products and related services, primarily to large and medium-sized enterprises in the manufacturing, healthcare, distribution, public sector, automotive, service industries, equipment services, management and rental (ESM&R), consumer products and retail and hospitality industries. We serve a large, diverse and sophisticated customer base across three geographic regions: the Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific (APAC). Our software and services offerings help our customers automate and integrate their critical business processes, which enables them to better manage their suppliers, partners, customers and employees, as well as their business operations generally. Our industry-specific approach allows us to focus on specialized software programs that take less time and cost to tailor to target customers’ specific needs during periods of implementation and upgrade. We believe our products and services provide a lower relative total cost of ownership for customers than the offerings of larger competing vendors.

We specialize in and target specific industries, or verticals, and have industry-specific business units that leverage our industry-oriented products and teams. Augmenting our vertical-specific applications, we have horizontal software applications including our customer relationship management (CRM), enterprise asset management (EAM), enterprise resource planning, financial management, human capital management (HCM), performance management, product lifecycle management, property management systems, central reservations systems, supplier relationship management and supply chain management (SCM) suites which, in addition to our proprietary light-weight middleware solution ION^®, are integrated with our enterprise software applications and sold across different verticals. In addition to providing software products, we provide on-going support and maintenance services for our customers through our subscription-based annual maintenance and support programs. We also help our customers implement and use our applications more effectively through our consulting services.

Unless otherwise indicated or the context requires otherwise, hereafter any reference to Infor, we, our, us or the Company refers to Infor, Inc. and its consolidated subsidiaries.

Basis of Presentation

Our Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP) as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) and consider the various staff accounting bulletins and other applicable guidance issued by the SEC. Our Condensed Consolidated Financial Statements include the accounts of Infor, Inc. and our wholly-owned and majority-owned subsidiaries operating in the Americas, EMEA and APAC. All significant intercompany accounts and transactions have been eliminated.

The unaudited Condensed Consolidated Financial Statements and Notes are presented as permitted by FASB requirements for quarterly reports and do not contain all the information and disclosures included in our annual financial statements and related notes as required by GAAP. The Condensed Consolidated Balance Sheet data as of April 30, 2015, and other amounts presented herein as of April 30, 2015, or for the year then ended, were derived from our audited financial statements. The accompanying Condensed Consolidated Financial Statements reflect all adjustments, in the opinion of management, necessary to fairly state our financial position, results of operations and cash flows for the periods presented. These adjustments consist of normal and recurring items. The results of operations for our interim periods are not necessarily indicative of results to be achieved for any future interim period or for our full fiscal year. The accompanying interim Condensed Consolidated Financial Statements should be read in conjunction with our consolidated financial statements and related notes for the fiscal year ended April 30, 2015, included in our Form 10-K/T.

Noncontrolling Interest

We consolidate our majority-owned subsidiaries and reflect redeemable noncontrolling interests and noncontrolling interests on our Condensed Consolidated Balance Sheets for the portion of those entities that we do not own as mezzanine equity on our Condensed Consolidated Balance Sheets and as a component of consolidated equity separate from the equity attributable to Infor, Inc.’s stockholders, respectively. The redeemable noncontrolling interests’ and noncontrolling interests’ share in our net earnings are included in net income (loss) attributable to noncontrolling interests in our Condensed Consolidated Statements of Operations and their portion of comprehensive income (loss) is included in comprehensive income (loss) attributable to noncontrolling interests in our Condensed Consolidated Statements of Comprehensive Income (Loss).

8

All noncontrolling interests with redemption features, such as put options, that are not solely within our control (redeemable noncontrolling interests) are reported as mezzanine equity on our Condensed Consolidated Balance Sheet, between liabilities and equity, at the greater of redemption value or initial carrying value. The redeemable noncontrolling interests that we are reporting relate to an 18.52% interest in GT Nexus, Inc. (GT Nexus) that Infor does not own. See Note 3, Acquisitions. The noncontrolling interests that we are reporting relate to a minority interest held in an international subsidiary acquired in the GT Nexus Acquisition (as defined below).

The following is a summary of the changes in the redeemable noncontrolling interests for the periods indicated:

	Three Months Ended October 31,			Six Months Ended October 31,
(in millions)	2015			2015
Beginning of period	$	—		$	—
Increase due to business combination		125.0			125.0
Net loss attributable to redeemable noncontrolling interests		(1.1	)		(1.1	)
Redemption value adjustment		3.9			3.9
End of period	$	127.8		$	127.8

Business Segments

We view our operations and manage our business as three reportable segments: License, Maintenance, and Consulting. We determine our reportable operating segments in accordance with the provisions in the FASB guidance on segment reporting, which establishes standards for, and requires disclosure of, certain financial information related to reportable operating segments and geographic regions. See Note 16, Segment and Geographic Information.

Use of Estimates

The preparation of financial statements in accordance with GAAP requires us to make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are based upon information available to us at the time that they are made and are believed to be reliable. These estimates, judgments and assumptions can affect the reported amounts of our assets and liabilities as of the date of the financial statements as well as the reported amounts of our revenues and expenses during the periods presented. On an on-going basis we evaluate our estimates and assumptions, including, but not limited to, those related to revenue recognition, allowance for doubtful accounts and sales returns, fair value of equity-based compensation, fair value of acquired intangible assets and goodwill, fair value of contingent consideration related to our acquisitions, useful lives of intangible assets and property and equipment, income taxes, restructuring obligations, contingencies and litigation, and fair value of derivative financial instruments. We believe these estimates and assumptions are reasonable under the circumstances and they form a basis for making judgments about the carrying values of our assets and liabilities that are not readily apparent from other sources. Differences between these estimates, judgments or assumptions and actual results could materially impact our financial statements. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application.

Fiscal Year

Our fiscal year is from May 1 through April 30 and the second quarter of each fiscal year is from August 1 through October 31. Unless otherwise stated, references to the years 2016 and 2015 relate to our fiscal years ended April 30, 2016 and 2015, respectively. References to future years also relate to our fiscal years ending April 30.

Prior to fiscal 2015, our fiscal year had historically been from June 1 through May 31. Beginning in the first quarter of fiscal 2015, we changed our fiscal year end from May 31 to April 30. This change was effective beginning June 1, 2014, the start of our fiscal year 2015, which ended on April 30, 2015. As a result of this change, for fiscal year 2015 we reported an eleven month transition period from June 1, 2014 to April 30, 2015. Beginning with the first quarter of our fiscal year 2015, we reported our quarterly results in our Quarterly Reports on Form 10-Q based on our new fiscal calendar. Accordingly, as a result of the change in our fiscal year end, our results for the six months ended October 31, 2014 included the results of May 2014, the last month of our previously reported fiscal year 2014.

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2. Summary of Significant Accounting Policies

A detailed description of our significant accounting policies can be found in our financial statements for our fiscal year ended April 30, 2015, which are included in our Form 10-K/T. The following Notes should be read in conjunction with such policies and other disclosures contained therein.

Revenue Recognition

We generate revenues primarily by licensing software and Software-as-a-Service (SaaS) subscriptions, providing software support and product updates, and providing consulting services to our customers. We record all revenues in accordance with the guidance provided by ASC 985-605, Software — Revenue Recognition, and ASC 605, Revenue Recognition. Revenue is recorded net of applicable taxes.

Our software license fees and subscriptions revenues are primarily from sales of perpetual software licenses granting customers use of our software products and access to software products through our SaaS subscription offerings. Software license fees are recognized when the following criteria are met: 1) there is persuasive evidence of an arrangement, 2) the software product has been delivered, 3) the fees are fixed or determinable, and 4) collectability is reasonably assured. SaaS subscription revenues are recognized over the contract term once the software is made available through our SaaS offerings. SaaS subscription revenues are included in software license fees and subscriptions revenues in our Condensed Consolidated Statements of Operations and were approximately $53.5 million and $26.8 million in the second quarter of fiscal 2016 and 2015, respectively, and $93.0 million and $52.9 million in the first six months of fiscal 2016 and 2015, respectively.

Our product updates and support services entitle our customers to receive, for an agreed upon period, unspecified product upgrades (when and if available), release updates, regulatory updates and patches, as well as support services including access to technical information and technical support staff. The term of product updates and support services is typically twelve months. The product updates and support fees are recorded as product updates and support fees revenue in our Condensed Consolidated Statements of Operations and recognized ratably over the term of the agreement.

We also provide software-related services, including systems implementation and integration services, consulting, training, custom modification and application managed services. Consulting services are generally provided under time and materials contracts. Revenues are recognized as the services are provided and are recorded as consulting services and other fees revenue in our Condensed Consolidated Statements of Operations. Consulting services and other fees also include revenues related to education, hosting services and Inforum, our customer event.

Allowances for Doubtful Accounts, Cancellations and Billing Adjustments

We have established an allowance for estimated billing adjustments and an allowance for estimated amounts that will not be collected. We record provisions for billing adjustments as a reduction of revenue and provisions for doubtful accounts as a component of general and administrative expense in our Condensed Consolidated Statements of Operations.

The following is a rollforward of our allowance for doubtful accounts:

(in millions)
Balance, April 30, 2015	$	11.9
Provision		5.2
Write-offs and recoveries		(4.8	)
Currency translation effect		(0.3	)
Balance, October 31, 2015	$	12.0

Sales Allowances

We do not generally provide a contractual right of return. However, in the course of arriving at practical business solutions to various claims arising from the sale of our products and delivery of our solutions, we have allowed for sales allowances. We record a provision against revenue for estimated sales allowances on license and consulting revenues in the same period the related revenues are recorded or when current information indicates additional allowances are required. The balance of our sales reserve is reflected in deferred revenue on our Condensed Consolidated Balance Sheets.

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The following is a rollforward of our sales reserve:

(in millions)
Balance, April 30, 2015	$	7.3
Provision		4.2
Write-offs		(3.0	)
Balance, October 31, 2015	$	8.5

Foreign Currency

The functional currency of our foreign subsidiaries is typically the applicable local currency. The translation from the respective foreign currencies to United States Dollars (U.S. Dollar) is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income statement accounts using a weighted average exchange rate during the applicable period. Gains or losses resulting from such translation are included as a separate component of accumulated other comprehensive income. Gains or losses resulting from foreign currency transactions are included in foreign currency gain or loss except for the effect of exchange rate fluctuations on long-term intercompany transactions considered to be a long-term investment, which are accumulated and credited or charged to other comprehensive income.

Transaction gains and losses are recognized in our results of operations based on the difference between the foreign exchange rates on the transaction date and on the reporting date. We recognized a net foreign exchange loss of $10.8 million and a net foreign exchange gain of $2.0 million for the three months ended October 31, 2015 and 2014, respectively. In the first six months of fiscal 2016 and 2015, we recognized net foreign currency exchange gains of $26.1 million and $34.0 million, respectively. The foreign currency exchange gains and losses are included as a component of other (income) expense, net, in the accompanying Condensed Consolidated Statements of Operations.

Certain foreign currency transaction gains and losses are generated from our intercompany balances that are not considered to be long-term in nature and will be settled between subsidiaries. These intercompany balances are a result of normal transfer pricing transactions among our various operating subsidiaries, as well as certain loans initiated between subsidiaries. We also recognize transaction gains and losses from revaluing our debt denominated in Euros and held by subsidiaries whose functional currency is the U.S. Dollar. See Note 11, Debt.

Recent Accounting Pronouncements — Not Yet Adopted

In May 2014, the FASB issued guidance on the principles for revenue recognition. This guidance is a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The new rules establish a core principle that requires the recognition of revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services. This guidance was to be effective for annual reporting periods beginning after December 15, 2016 (our fiscal 2018) and early adoption was not permitted. In August 2015, the FASB deferred the effective date by one year, to December 15, 2017, for annual reporting periods beginning after that date (our fiscal 2019). The FASB also decided to allow early adoption of the standard, but not before the original effective date of December 15, 2016. Initial adoption may be accounted for either retrospectively to each prior reporting period presented, or retrospectively with the cumulative effect of the initial application recognized at the date of adoption. We are currently evaluating how this guidance will affect our revenue recognition, which transition approach we will use upon adoption, and the impact it may have on our financial position, results of operations or cash flows.

In September 2015, the FASB issued updated guidance simplifying the accounting for measurement-period adjustments relating to business combinations. This guidance requires that an acquirer recognize post-close measurement adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Prior to the issuance of the standard, entities were required to retrospectively apply adjustments made to provisional amounts recognized in a business combination. The updated guidance is to be applied prospectively effective for annual and interim periods beginning after December 15, 2015 (our fourth quarter of fiscal 2016), and early adoption is permitted. We are currently evaluating how this guidance will affect our accounting for business combinations.

As of the date of this Quarterly Report, there were no other recent accounting standard updates that we have not yet adopted that we believe would have a material impact on our financial position, results of operations or cash flows.

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3. Acquisitions

Fiscal 2016

On September 18, 2015, we acquired a majority ownership stake of 81.48% in GT Nexus, for $550.0 million, net of cash acquired (GT Nexus Acquisition). GT Nexus is a cloud-based supply chain management firm based in Oakland, California. GT Nexus is the cloud platform that some of the world’s largest companies, across many sectors, including manufacturing and retail, use to monitor and orchestrate their global supply chains including automation of sourcing, trade finance and logistics operations. The GT Nexus Acquisition complemented and further expanded our global SCM offerings. The results of operations of GT Nexus have been included in our results of operations from the date of the GT Nexus Acquisition. GT Nexus contributed revenues of $13.1 million and net loss of $5.8 million related to their operations in the second quarter of fiscal 2016.

The total consideration for the GT Nexus Acquisition was funded through the issuance of our 5.75% senior secured notes due 2020 (see Note 11, Debt – Senior Secured Notes), together with cash on hand and equity issued to certain shareholders and management of GT Nexus. Transaction and merger related integration costs of $10.6 million associated with the GT Nexus Acquisition were expensed as incurred and are reflected in our results of operations for the six months ended October 31, 2015, in acquisition-related and other costs. In addition, in the second quarter of fiscal 2016, we took certain actions relating to GT Nexus’ operations to eliminate redundancies, improve our operational efficiency and reduce our operating costs. We may take additional actions in future periods related to GT Nexus as we integrate its operations. See Note 10, Restructuring Charges. The excess of the consideration transferred over the fair values of the net assets acquired and liabilities assumed was recorded as goodwill, which represents operating efficiencies expected to be realized.

The following table summarizes our allocation of the GT Nexus purchase consideration:

(in millions)
Cash	$	14.8
Accounts receivable		36.5
Other current assets		13.9
Identified intangible assets:
Existing technology		93.3
Existing customer relationships		273.5
Tradenames		5.9
Other non-current assets		9.0
Goodwill		369.9
Deferred revenue		(11.3	)
Current liabilities assumed		(32.6	)
Long-term liabilities assumed		(87.7	)
Noncontrolling interests		(10.2	)
Total fair value of net assets acquired		675.0
Less fair value of redeemable noncontrolling interests		(125.0	)
Purchase consideration	$	550.0

Our estimates of fair value and resulting allocation of purchase price related to the GT Nexus Acquisition are preliminary as of October 31, 2015. We are in the process of finalizing the valuation of certain assets and liabilities, primarily income tax liabilities, and as a result the final allocation of the adjusted purchase price may differ from the information presented in these Condensed Consolidated Financial Statements. As of October 31, 2015, based on our current estimation of fair values, the gross contractual accounts receivable at the acquisition date was $37.1 million and our best estimate of the contractual cash flows not expected to be collected at that date was $0.6 million. The acquired intangible assets relating to GT Nexus’ existing technology, existing customer relationships and tradenames are being amortized over their weighted average estimated useful lives of approximately three years, six years and three years, respectively. We have determined that the goodwill arising from the GT Nexus Acquisition will not be deductible for tax purposes.

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As explained above, we acquired an 81.48% majority stake in GT Nexus. The redeemable noncontrolling interests have redemption features, both call options exercisable by the Company and put options exercisable by the redeemable noncontrolling interest holders. Given that the noncontrolling interests are redeemable at the option of the holders, they are reported in the mezzanine section between liabilities and equity on our Condensed Consolidated Balance Sheets. The redeemable noncontrolling interests are puttable at a redemption price of $150.0 million on the first anniversary of the acquisition date. Therefore, we are accreting the redeemable noncontrolling interests, using the effective interest method, from the acquisition date fair value to the redemption value over a one-year period. Accretion adjustments to the carrying value of the redeemable noncontrolling interests are considered deemed dividends and are recorded against additional paid-in capital.

GT Nexus has a wholly-owned subsidiary, Platform Settlement Services, LLC (PSS), which is a bankruptcy-remote special purpose entity. PSS was established for the purpose of facilitating the settlement of transactions between GT Nexus customers and their supply chain providers. PSS acts as a collection and paying agent, receiving funds from customers and forwarding to appropriate credit parties. PSS is a custodian of the cash received from its customers and has no legal ownership rights to the funds held in such custodial accounts. Therefore, the Company does not report any cash in transit in the bank accounts of PSS at period end, nor any cash movements during a reporting period, in our Condensed Consolidated Financial Statements. The balance of cash in transit in custodial accounts held by PSS at October 31, 2015, was $16.5 million.

Fiscal 2015

On September 2, 2014, we acquired the assets of Saleslogix, a division of privately held Swiftpage, Inc., for approximately $30.1 million, net of cash acquired. Based in Scottsdale, Arizona, Saleslogix is a provider of SaaS CRM software accessible via mobile devices, desktops, and laptops. The acquisition of Saleslogix complemented our CRM product offerings and added additional sales and service functionality to our industry-focused Infor CloudSuites in the CRM market. The operating results related to this acquisition have been included in our Condensed Consolidated Financial Statements from the acquisition date.

We recorded approximately $13.4 million of identifiable intangible assets and $18.2 million of goodwill related to our acquisition of Saleslogix. The acquired intangible assets relating to Saleslogix’s existing technology and customer relationships are being amortized over their weighted average estimated useful lives of approximately five and seven years, respectively. We have determined that the goodwill arising from this acquisition will be deductible for tax purposes.

Contingent Consideration

The purchase consideration related to one of our pre-fiscal 2015 acquisitions includes additional contingent cash consideration payable to the sellers if certain future performance conditions are met as detailed in the applicable agreement. The change in the estimated fair value of the contingent consideration, during the contingency period through settlement, is recorded in our results of operations in the period of such change and is included in acquisition-related and other costs in our Consolidated Statements of Operations. As of April 30, 2015, we estimated that no further payments would be required under the contingent consideration arrangement due to the probability of meeting such results and reduced our contingent consideration liability to $0.0 million. In the first quarter of fiscal 2016, we renegotiated the provisions of the applicable contingent consideration agreement with the sellers. As a result of these negotiations, we agreed to an additional one-year contingency period that runs through fiscal 2016 and redefined certain of the contingency conditions. Based on the renegotiated agreement, we estimated the fair value of the remaining contingent consideration to be $0.6 million as of October 31, 2015. The potential undiscounted amount of future payments that we may be required to make related to the contingent consideration arrangement is between $0.0 and $10.0 million.

4. Goodwill

The change in the carrying amount of our goodwill by reportable segment for the period indicated was as follows:

(in millions)	License			Maintenance			Consulting			Total
Balance, April 30, 2015	$	931.5		$	2,851.7		$	262.6		$	4,045.8
Goodwill acquired		336.5			—			33.4			369.9
Currency translation effect		(10.2	)		(36.3	)		(3.2	)		(49.7	)
Balance, October 31, 2015	$	1,257.8		$	2,815.4		$	292.8		$	4,366.0

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Goodwill acquired during fiscal 2016 relates to the GT Nexus Acquisition in the current quarter. See Note 3, Acquisitions.

In accordance with the FASB guidance related to goodwill and other intangible assets, we are required to assess the carrying amount of our goodwill for potential impairment annually or more frequently if events or a change in circumstances indicates that impairment may have occurred. We conduct our annual impairment test in the second quarter of each fiscal year as of September 30. We believe that our reportable segments are also representative of our reporting units for purposes of our goodwill impairment testing.

We conducted our most recent annual impairment assessment in the second quarter of fiscal 2016. We chose to perform a Step 1 goodwill impairment assessment as of September 30, 2015. This assessment did not indicate any potential impairment for any of our reporting units and no further testing was required. We believe there was no impairment of our goodwill and no indication of potential impairment existed as of October 31, 2015. We have no accumulated impairment charges related to our goodwill.

5. Fair Value

Fair Value Hierarchy

The FASB has established guidance on financial assets and liabilities and nonfinancial assets and liabilities that are recognized at fair value on a recurring basis and guidance for nonfinancial assets and liabilities that are recognized at fair value on a nonrecurring basis. This guidance defines fair value, establishes a framework for measuring fair value and establishes a fair value hierarchy which requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to measure fair value.

The three levels of the fair value hierarchy are as follows:

Level 1 —	Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 —	Inputs other than the quoted prices in active markets that are observable either directly or indirectly including: quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
Level 3 —	Unobservable inputs that are supported by little or no market data, are significant to the fair values of the assets or liabilities, and require the reporting entity to develop its own assumptions.

We measure certain of our financial assets and liabilities at fair value. The following table summarizes the fair value of our financial assets and liabilities that were accounted for at fair value on a recurring basis, by level within the fair value hierarchy, as of October 31, 2015 and April 30, 2015:

	October 31, 2015
	Fair Value Measurements Using Inputs Considered as
(in millions)	Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	—	$	—	$	0.6	$	0.6
Derivative instruments		—		19.8		—		19.8
Total	$	—	$	19.8	$	0.6	$	20.4

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	April 30, 2015
	Fair Value Measurements Using Inputs Considered as
(in millions)	Level 1		Level 2		Level 3		Fair Value
Assets
Cash equivalents	$	27.0	$	—	$	—	$	27.0
Total	$	27.0	$	—	$	—	$	27.0
Liabilities
Derivative instruments	$	—	$	20.8	$	—	$	20.8
Total	$	—	$	20.8	$	—	$	20.8

Cash equivalents include funds held in money market instruments, are reported at their current carrying value which approximates fair value due to the short-term nature of these instruments, and are included in cash and cash equivalents on our Condensed Consolidated Balance Sheets. Our money market instruments are valued using quoted market prices and are included in Level 1 inputs.

Contingent consideration relates to one of our fiscal 2013 acquisitions. The estimated fair value of the contingent consideration was based primarily on our estimates of meeting the applicable contingency conditions as per the terms of the applicable agreement. These include estimates of revenue growth rates and our assessment of the probability of meeting such results, with the probability-weighted earn-out then discounted to estimate fair value. As these are unobservable inputs, the contingent consideration is included in Level 3 inputs. The contingent consideration liability is included in accrued expenses on our Condensed Consolidated Balance Sheets. See Note 3, Acquisitions.

Derivative instruments consist of interest rate swaps entered into to hedge our market risk relating to possible adverse changes in interest rates. The fair value of the interest rate swaps is estimated as the net present value of projected cash flows based upon forward interest rates at the balance sheet date. The models used to value the interest rate swaps are based primarily on readily observable market data, such as LIBOR forward rates, for all substantial terms of the interest rate swap contracts and the credit risk of the counterparties. As such, these derivative instruments are included in Level 2 inputs. See Note 15, Derivative Financial Instruments.

We have had no transfers of assets/liabilities into or out of Levels 1, 2 or 3 during fiscal 2016 or fiscal 2015. The following table reconciles the change in our Level 3 assets/liabilities for the periods indicated:

	Fair Value
	Measurements Using
	Significant
	Unobservable Inputs
(in millions)	Level 3
Balance, April 30, 2015	$	—
Total (gain) loss recorded in earnings		0.6
Balance, October 31, 2015	$	0.6

In addition to the financial assets and liabilities included in the above table, certain nonfinancial assets and liabilities are to be measured at fair value on a nonrecurring basis in accordance with applicable GAAP. In general, nonfinancial assets including goodwill, other intangible assets and property and equipment are measured at fair value when there is an indication of impairment and are recorded at fair value only when any impairment is recognized. As of October 31, 2015, we had not recorded any impairment related to such assets and had no other material nonfinancial assets or liabilities requiring adjustments or write-downs to their current fair value.

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As allowed by applicable FASB guidance, we have elected not to apply the fair value option for financial assets and liabilities to any of our currently eligible financial assets or liabilities. As of October 31, 2015 and April 30, 2015, our material financial assets and liabilities not carried at fair value included our cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and long-term debt. These financial instruments are recorded at their carrying values which are deemed to approximate fair value, generally due to their short periods to maturity.

Fair Value of Long-Term Debt

To estimate fair value of our long-term debt for disclosure purposes, we used recent market transactions and related market quotes of the bid and ask pricing of our long-term debt (Level 2 on the fair value hierarchy). At October 31, 2015 and April 30, 2015, the total carrying value of our long-term debt was approximately $5.7 billion and $5.2 billion, respectively, and the estimated fair value of our long-term debt was approximately $5.6 billion and $5.4 billion, respectively.

6. Accounts Receivable, Net

Accounts receivable, net is comprised of the following for the periods indicated:

(in millions)	October 31, 2015			April 30, 2015
Accounts receivable	$	294.1		$	308.4
Unbilled accounts receivable		44.7			41.5
Less: allowance for doubtful accounts		(12.0	)		(11.9	)
Accounts receivable, net	$	326.8		$	338.0

Unbilled accounts receivable represents revenue recognized on contracts for which billings have not yet been presented to customers because the amounts were earned but not contractually billable as of the balance sheet date.

7. Intangible Assets, Net

Our intangible assets, net consist of the following for the periods indicated:

	October 31, 2015						April 30, 2015
(in millions)	Gross Carrying Amounts		Accumulated Amortization		Net (1)		Gross Carrying Amounts		Accumulated Amortization		Net		Estimated Useful Lives (in years)
Customer contracts and relationships	$	1,991.7	$	1,223.4	$	768.3	$	1,735.2	$	1,168.4	$	566.8		2–15
Acquired and developed technology		1,117.5		893.7		223.8		1,029.2		868.5		160.7		2–11
Tradenames		137.9		128.9		9.0		132.6		129.1		3.5		1–20
Total	$	3,247.1	$	2,246.0	$	1,001.1	$	2,897.0	$	2,166.0	$	731.0

(1) Net intangible assets decreased from April 30, 2015 to October 31, 2015 by approximately $5.8 million due to cumulative foreign currency translation adjustments, reflecting movement in the currencies of the applicable underlying entities.

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The following table presents amortization expense recognized in our Condensed Consolidated Statements of Operations, by asset type, for the periods indicated:

	Three Months Ended				Six Months Ended
	October 31,				October 31,
(in millions)	2015		2014		2015		2014
Customer contracts and relationships	$	34.3	$	35.9	$	67.0	$	73.1
Acquired and developed technology		16.1		17.8		32.5		36.2
Tradenames		0.3		0.3		0.4		2.0
Total	$	50.7	$	54.0	$	99.9	$	111.3

The estimated future annual amortization expense related to these intangible assets as of October 31, 2015, was as follows:

(in millions)
Fiscal 2016 (remaining 6 months)	$	110.8
Fiscal 2017		179.8
Fiscal 2018		132.4
Fiscal 2019		115.2
Fiscal 2020		106.5
Fiscal 2021		100.5
Thereafter		255.9
Total	$	1,001.1

8. Accrued Expenses

Accrued expenses consisted of the following for the periods indicated:

(in millions)	October 31, 2015		April 30, 2015
Compensation and employee benefits	$	158.0	$	157.3
Taxes other than income		17.9		25.2
Royalties and partner commissions		51.8		54.5
Litigation		2.0		1.6
Professional fees		7.0		8.2
Subcontractor expense		7.0		7.9
Interest		92.4		22.6
Restructuring		6.5		3.7
Asset retirement obligations		2.9		1.4
Deferred rent		3.3		3.5
Other		49.8		53.2
Accrued expenses	$	398.6	$	339.1

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Included above in other accrued expenses as of October 31, 2015 and April 30, 2015, is approximately $18.0 million and $17.0 million, respectively, pertaining to dividends accrued related to our funding of interest on our affiliate company’s debt. These dividends were settled in the third and first quarters of fiscal 2016, respectively. See Note 17, Related Party Transactions — Dividends Paid to Affiliates.

9. Equity-Based Compensation

We account for equity-based payments, including grants of employee stock options, restricted stock and other equity-based awards, in accordance with ASC 718, Compensation — Stock Compensation, which requires that equity-based payments (to the extent they are compensatory) be recognized in our results of operations based on their fair values and the estimated number of securities we ultimately expect will vest. We utilize the Option-Pricing Method to estimate the fair value of our equity awards. All equity-based payments are based upon equity issued by a parent company of Infor, Inc. Pursuant to applicable FASB guidance related to equity-based awards, we have reflected equity-based compensation expense related to our parent company’s equity grants within our results of operations with an offset to additional paid-in capital.

The following table presents the equity-based compensation expense recognized in our Condensed Consolidated Statements of Operations, by category, for the periods indicated:

	Three Months Ended October 31,				Six Months Ended October 31,
(in millions)	2015		2014		2015		2014
Cost of software license fees and subscriptions	$	—	$	0.2	$	—	$	0.2
Cost of product updates and support fees		—		0.2		0.1		0.6
Cost of consulting services and other fees		—		0.3		—		0.3
Sales and marketing		0.4		1.7		0.7		3.5
Research and development		0.3		1.1		0.6		2.6
General and administrative		1.2		2.3		1.8		5.8
Total	$	1.9	$	5.8	$	3.2	$	13.0

10. Restructuring Charges

We have recorded restructuring charges related to our acquisitions and on occasion to eliminate redundancies, improve our operational efficiency and reduce our operating costs. These cost reduction measures included workforce reductions relating to restructuring our workforce, the exiting of certain leased facilities and the consolidation of space in certain other facilities. In accordance with applicable FASB guidance, our restructuring charges are broken down into acquisition-related and other restructuring costs. These restructuring charges include employee severance costs and costs related to the reduction of office space. No business activities of the companies that we have acquired were discontinued. The workforce reductions were typically from all functional areas of our operations.

Fiscal 2016 Restructuring Charges

During the first six months of fiscal 2016, we incurred restructuring costs of $7.5 million for employee severance costs related to personnel actions across all functions primarily in the Americas and EMEA regions and facilities charges related to exiting or consolidation of space in facilities primarily in the Americas region. We made cash payments of approximately $1.8 million during the first six months of fiscal 2016 related to these actions. We expect to complete the remainder of these actions over the next twelve months.

Fiscal 2016 Acquisition-Related Charges

During the first six months of fiscal 2016, we incurred acquisition-related restructuring costs of $0.9 million related to the operations of GT Nexus that we acquired in the second quarter of fiscal 2016. These restructuring charges included employee severance costs related to redundant positions. During the first six months of fiscal 2016, we did not make any cash payments related to these severance actions. We expect to complete the remainder of these actions over the next twelve months.

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Fiscal 2015 Restructuring Charges

During fiscal 2015, we incurred restructuring costs related primarily to employee severance costs for personnel in our sales and professional services organizations primarily in the EMEA region as well as personnel in our product development organization primarily in the APAC region. During the first six months of fiscal 2016, we recorded restructuring cost reversals of $0.4 million and we made cash payments of approximately $1.3 million related to these actions. The majority of these restructuring activities were completed in fiscal 2015. We expect to complete the remainder of the actions in fiscal 2016.

Previous Restructuring and Acquisition-Related Charges

Prior to fiscal 2015, we had completed certain restructuring activities as well as a series of acquisition-related restructuring actions. During the first six months of fiscal 2016 we recorded $0.2 million in adjustments to these restructuring charges and made net cash payments of $0.9 million. The remaining accruals associated with these prior restructuring charges relate primarily to lease obligations associated with the closure of redundant offices acquired in prior business combinations, as well as contractual payment obligations of severed employees. Actions related to these restructuring activities have been completed.

The following table sets forth the reserve activity related to our restructuring plans for the six-month period ended October 31, 2015. The adjustments to costs in the tables below consist of adjustments to the accrual that were accounted for as an adjustment to current period earnings (Expense) or adjustments to the accrual that were related to the impact of fluctuations in foreign currency exchange rates (Foreign Currency Effect):

					Adjustment to Costs
(in millions)	Balance April 30, 2015		Initial Costs		Expense			Foreign Currency Effect			Cash Payments			Balance October 31, 2015		Total Costs Recognized to Date		Total Expected Program Costs
Fiscal 2016 restructuring
Severance	$	—	$	5.7	$	—		$	(0.1	)	$	(1.8	)	$	3.8	$	5.7	$	5.7
Facilities and other		—		1.8		—			(0.1	)		—			1.7		1.6		1.6
Total fiscal 2016 restructuring		—		7.5		—			(0.2	)		(1.8	)		5.5		7.3		7.3
Fiscal 2016 acquisition-related
Severance		—		0.9		—			—			—			0.9		0.9		0.9
Total fiscal 2016 acquisition-related		—		0.9		—			—			—			0.9		0.9		0.9
Fiscal 2015 restructuring
Severance		2.2		—		(0.4	)		—			(1.3	)		0.5		10.2		10.2
Total fiscal 2015 restructuring		2.2		—		(0.4	)		—			(1.3	)		0.5		10.2		10.2
Previous restructuring
Severance		0.6		—		(0.1	)		—			(0.2	)		0.3		31.4		31.4
Facilities and other		0.3		—		0.1			—			(0.3	)		0.1		2.3		2.3
Total previous restructuring		0.9		—		—			—			(0.5	)		0.4		33.7		33.7
Previous acquisition-related
Severance		0.4		—		—			—			—			0.4		40.5		40.5
Facilities and other		0.4		—		0.2			—			(0.4	)		0.2		4.0		4.0
Total previous acquisition-related		0.8		—		0.2			—			(0.4	)		0.6		44.5		44.5
Total restructuring	$	3.9	$	8.4	$	(0.2	)	$	(0.2	)	$	(4.0	)	$	7.9	$	96.6	$	96.6

The remaining restructuring reserve accruals related to severance and current facilities costs are included in accrued expenses with the long-term facilities cost reserve included in other long-term liabilities on our Condensed Consolidated Balance Sheets.

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The following table summarizes the restructuring charges reflected in our results of operations for the periods indicated for each of our reportable segments including charges related to those functions not allocated to our segments.

	Three Months Ended October 31,					Six Months Ended October 31,
(in millions)	2015		2014			2015		2014
License	$	0.6	$	2.2		$	1.6	$	4.9
Maintenance		0.6		0.5			1.2		1.0
Consulting		1.0		(0.5	)		1.1		4.3
General and administrative and other functions		4.2		1.6			4.3		1.1
Total restructuring costs	$	6.4	$	3.8		$	8.2	$	11.3

11. Debt

The following table summarizes our long-term debt balances for the periods indicated:

	October 31, 2015									April 30, 2015
(in millions)	Principal Amount			Net Amount (1)			Contractual Rate			Principal Amount			Net Amount (1)			Contractual Rate
First lien Term B-3 due June 3, 2020	$	464.3		$	460.2			3.750	%	$	466.7		$	462.2			3.750	%
First lien Term B-5 due June 3, 2020		2,460.3			2,377.6			3.750	%		2,473.0			2,382.0			3.750	%
First lien Euro Term B due June 3, 2020		372.7			367.9			4.000	%		382.3			377.0			4.000	%
6.5% senior notes due May 15, 2022		1,630.0			1,619.0			6.500	%		1,630.0			1,618.4			6.500	%
5.75% senior notes due May 15, 2022		385.2			379.8			5.750	%		393.0			387.2			5.750	%
5.75% senior secured notes due August 15, 2020		500.0			479.3			5.750	%		—			—			—
Deferred financing fees, debt discounts and premiums, net		(128.7	)		—						(118.2	)		—
Total long-term debt		5,683.8			5,683.8						5,226.8			5,226.8
Less: current portion		(0.1	)		(0.1	)					(0.1	)		(0.1	)
Total long-term debt—non-current	$	5,683.7		$	5,683.7					$	5,226.7		$	5,226.7

(1) Debt balances net of applicable unamortized debt discounts, premiums and deferred financing fees.

In fiscal 2015 we early adopted the FASB guidance related to simplifying the presentation of debt issuance costs and changed the presentation of our deferred financing fees related to our term loans and senior notes from an asset to a direct deduction from the carrying amount of our long-term debt, consistent with the presentation of debt discounts and premiums. The unamortized balance of our deferred financing fees is included above in deferred financing fees, debt discounts and premiums, net, for the periods indicated.

The weighted average contractual interest rate at October 31, 2015 and April 30, 2015 was 4.80% and 4.80%, respectively. The effective interest rate of each of our debt obligations is not materially different from the contractual interest rate.

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The following table summarizes our future repayment obligations related to the principal debt balances for all of our borrowings as of October 31, 2015:

(in millions)
Fiscal 2016 (remaining 6 months)	$	—
Fiscal 2017		2.0
Fiscal 2018		26.7
Fiscal 2019		34.2
Fiscal 2020		34.2
Fiscal 2021		3,700.2
Thereafter		2,015.2
Total	$	5,812.5

Credit Facilities

On April 5, 2012, we entered into a secured credit agreement with Infor (US), Inc. as borrower and a syndicate of certain banks and other financial institutions as lenders which consists of a secured revolving credit facility and a secured term loan facility (the Credit Agreement), which was subsequently amended. See Note 12, Debt, in notes to the consolidated financial statements for the fiscal year ended April 30, 2015, included in our Form 10-K/T, for a description of each amendment.

The credit facilities are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries, and are secured by liens on substantially all of the borrower’s assets and the assets of the guarantors. Under the Credit Agreement, we are subject to a financial maintenance covenant that is applicable only for the revolving credit facility and then only for those fiscal quarters in which we have significant borrowings under the revolving credit facility outstanding as of the last day of such fiscal quarter. This covenant would require us to maintain a total leverage ratio not to exceed certain levels as of the last day of any such fiscal quarter. We are subject to certain other customary affirmative and negative covenants as well.

Revolver

The secured revolving credit facility (the Revolver) has a maximum availability of $150.0 million. We have made no draws against the Revolver and no amounts are currently outstanding. However, $10.3 million of letters of credit have reduced the amount available under the Revolver to $139.7 million. Pursuant to the Credit Agreement, there is an undrawn line fee of 0.50% and the Revolver matures on March 31, 2017. Amounts under the Revolver may be borrowed to finance working capital needs and for general corporate purposes. While we have made no draws against the Revolver, interest on any future Revolver borrowings will be based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, or an alternate base rate, plus a margin of 1.75% per annum.

Term Loans

On January 2, 2014, we entered into a $2,550.0 million term loan (the Tranche B-5 Term Loan). Interest on the Tranche B-5 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with a LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-5 Term Loan matures on June 3, 2020.

On June 3, 2013, we entered into a $483.0 million term loan (the Tranche B-3 Term Loan). Interest on the Tranche B-3 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with an Adjusted LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-3 Term Loan matures on June 3, 2020.

On June 3, 2013, we entered into a €350.0 million term loan (the Euro Tranche B Term Loan). Interest on the Euro Tranche B Term Loan is based on a fluctuating rate of interest determined by reference to an Adjusted LIBOR rate, plus a margin of 3.0% per annum, with an Adjusted LIBOR floor of 1.0%. The Euro Tranche B Term Loan matures on June 3, 2020.

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Interest on the term loans borrowed under the secured term loan facility (the Term Loans) is payable quarterly, in arrears. Quarterly principal payment amounts are set for each of the Term Loans with balloon payments at the applicable maturity dates. The Term Loans are subject to mandatory prepayments in certain situations.

Senior Notes

Our 6.500% and 5.750% Senior Notes (the Senior Notes) bear interest at the applicable rates per annum, which is payable semi-annually in cash in arrears, on May 15 and November 15 each year. The Senior Notes mature on May 15, 2022. The Senior Notes are general unsecured obligations of Infor (US), Inc. and are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries. Under the indenture governing the Senior Notes, we are subject to certain customary affirmative and negative covenants.

In connection with the issuance of the Senior Notes, we entered into registration rights agreements with the initial purchasers of the Senior Notes. Under the registration rights agreements, we agreed to file with the SEC a registration statement with respect to an offer to exchange the Senior Notes for a new issue of substantially identical notes no later than 365 days after the date of the original issuance of the notes on April 1, 2015.

First Lien Senior Secured Notes

On August 25, 2015, in connection with the GT Nexus Acquisition, we issued $500.0 million in aggregate principal amount of 5.750% first lien senior secured notes (the Senior Secured Notes) at an issue price of 99.000% plus accrued interest, if any, from August 25, 2015. The Senior Secured Notes mature on August 15, 2020, and bear interest at the applicable rate per annum that is payable semi-annually in cash in arrears, on February 15 and August 15 each year, beginning on February 15, 2016. The Senior Secured Notes were redeemable by Infor on or prior to November 25, 2015, at a redemption price equal to 100% of the principal amount of the notes plus accrued and unpaid interest, if any, to such redemption date.

The Senior Secured Notes are first lien senior secured obligations of Infor (US), Inc. and are fully and unconditionally guaranteed on a senior secured basis by Infor, Inc., and certain of our existing and future wholly owned domestic subsidiaries. Under the indenture governing the Senior Secured Notes, we are subject to certain customary affirmative and negative covenants.

Net proceeds from the issuance of our Senior Secured Notes, after expenses, of approximately $478.5 million were used to fund the GT Nexus Acquisition, including related transaction fees and expenses.

Deferred Financing Fees, Debt Discounts and Premiums

As of October 31, 2015 and April 30, 2015, deferred financing fees, net of amortization, related to our Term Loans, Senior Notes, and Secured Senior Notes of $110.0 million and $102.4 million, respectively, were reflected on our Condensed Consolidated Balance Sheets as a direct reduction in the carrying amount of our long-term debt. For the three months ended October 31, 2015 and 2014, we amortized $5.0 million and $5.2 million, respectively, in deferred financing fees which are included in interest expense, net in our Condensed Consolidated Statements of Operations. For the first six months of fiscal 2016 and 2015, we amortized $9.5 million and $10.3 million, respectively, in deferred financing fees.

In addition, we have recorded debt discounts, net of premiums and accumulated amortization, of $18.7 million and $15.8 million as of October 31, 2015 and April 30, 2015, respectively, as a direct reduction of the carrying amount of our long-term debt.

Affiliate Company Borrowings

In addition to the debt held by Infor and its subsidiaries discussed above, certain affiliates of the Company have other borrowings which are not reflected in our Condensed Consolidated Financial Statements for any of the periods presented. These affiliate company borrowings are described below.

Holding Company PIK Notes

On April 8, 2014, Infor Software Parent, LLC (HoldCo), an indirect holding company of Infor, Inc., and its direct subsidiary Infor Software Parent, Inc., issued $750.0 million in aggregate principal amount of 7.125%/7.875% Senior Contingent Cash Pay Notes (the HoldCo Notes) with net proceeds, after expenses, of approximately $737.8 million. The HoldCo Notes mature on May 1, 2021, and bear interest at the applicable rates per annum that is payable semi-annually in arrears, on May 1 and November 1 each year.

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Interest is payable entirely in cash, unless certain conditions are satisfied, in which case interest on the HoldCo Notes may be paid by increasing the principal amount of the HoldCo Notes or by issuing new notes (PIK interest), or through a combination of cash and PIK interest. Interest on the notes, if paid in cash, will accrue at a rate of 7.125% per annum. PIK interest on the notes will accrue at a rate of 7.875% per annum. As of October 31, 2015 and April 30, 2015, the total balance outstanding related to the HoldCo Notes was $750.0 million. We may from time-to-time service interest payments related to the HoldCo Notes. Any payment of interest that we may pay will be funded primarily through dividend distributions from Infor to HoldCo. See Note 17, Related Party Transactions – Dividends Paid to Affiliates.

The HoldCo Notes are HoldCo’s general unsecured senior obligations and are guaranteed only by HoldCo’s direct subsidiary, Infor Lux Bond Company (Lux Bond Co), and are not guaranteed by any of HoldCo’s other subsidiaries including Infor. The HoldCo Notes rank equally in right of payment with any future unsecured indebtedness of HoldCo, will be effectively subordinated to any future secured indebtedness of HoldCo to the extent of the value of the collateral securing such indebtedness, and will be structurally subordinated to all of the existing and future indebtedness and other liabilities of HoldCo’s subsidiaries, including Infor’s borrowings under its senior secured credit facilities and the Senior Notes.

12. Income Taxes

Income taxes have been provided in accordance with ASC 740, Income Taxes. The effective tax rate for the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. Our effective tax rate may fluctuate as a result of changes in the forecasted annual income level and geographical mix of our operating earnings as well as a result of acquisitions, changes in liabilities recorded for unrecognized tax benefits, changes in the valuation allowances for deferred tax assets, tax settlements with U.S. and foreign tax authorities, and the impact from changes in enacted tax laws.

Our income tax provision and overall effective tax rates were as follows for the periods indicated:

	Three Months Ended October 31,						Six Months Ended October 31,
(in millions, except percentages)	2015			2014			2015			2014
Income tax provision	$	6.5		$	19.8		$	16.9		$	32.6
Effective income tax rate		175.7	%		60.2	%		23.6	%		27.3	%

Our provision for income taxes differs from the tax computed at the U.S. federal statutory rate primarily due to certain earnings considered as indefinitely reinvested in foreign operations, states taxes, and foreign earnings taxed at lower income tax rates than in the U.S.

The change in our effective tax rate for the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015 was primarily driven by a reduction in the amount of unrecognized tax benefits, a reduction in the valuation allowances for various foreign deferred tax assets, an increase in foreign earnings subject to U.S. taxes, an increase in nondeductible taxable income, and an increase in the proportion of earnings subject to lower foreign tax rates.

The change in our effective tax rate for the first six months of fiscal 2016 compared to the corresponding period of fiscal 2015 was primarily driven by a decrease in the amount of unrecognized tax benefits, an increase in the valuation allowances for various foreign deferred tax assets, an increase in foreign earnings subject to U.S. taxes, a reduction in the amount of nondeductible taxable income, and an increase in the proportion of foreign earnings subject to lower tax rates.

During the upcoming twelve months ending October 31, 2016, we expect a net reduction of approximately $28.2 million of unrecognized tax benefits, primarily due to the expiration of statutes of limitation in various jurisdictions.

Our net deferred tax assets were $103.9 million and $103.6 million as of October 31, 2015 and April 30, 2015, respectively. We believe it is more likely than not that the net deferred tax assets will be realized in the foreseeable future. Realization of our net deferred tax assets is dependent upon our generation of sufficient taxable income in future years in appropriate jurisdictions to obtain benefit from the reversal of temporary differences, net operating loss carryforwards and tax credit carryforwards. The amount of net deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income change.

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13. Comprehensive Income (Loss)

Comprehensive income (loss) is the change in equity of a business enterprise from non-stockholder transactions impacting stockholders’ deficit that are not included in the statement of operations and are reported as a separate component of stockholders’ deficit. Other comprehensive income (loss) includes the change in foreign currency translation adjustments, changes in defined benefit plan obligations, and unrealized gain (loss) on derivative instruments.

We report accumulated other comprehensive income (loss) as a separate line item in the stockholders’ deficit section of our Condensed Consolidated Balance Sheets. We report the components of comprehensive income (loss) on our Condensed Consolidated Statements of Comprehensive Income (Loss).

Total accumulated other comprehensive income (loss) and its components were as follows for the periods indicated:

(in millions)	Foreign Currency Translation Adjustment			Funded Status of Defined Benefit Pension Plan(1)			Derivative Instruments Unrealized Gain (Loss)(2)			Accumulated Other Comprehensive Income (Loss)
Balance, April 30, 2015	$	(211.5	)	$	(16.3	)	$	(12.8	)	$	(240.6	)
Other comprehensive income (loss)		(62.4	)		0.2			0.6			(61.6	)
Balance, October 31, 2015	$	(273.9	)	$	(16.1	)	$	(12.2	)	$	(302.2	)

(1) Funded status of defined benefit pension plan is presented net of tax benefit of $4.6 million and $4.6 million as of October 31, 2015 and April 30, 2015, respectively.

(2) Derivative instruments unrealized gain (loss) is presented net of tax benefit of $7.6 million and $8.0 million as of October 31, 2015 and April 30, 2015, respectively.

The components of other comprehensive income (loss), including amounts reclassified out of accumulated other comprehensive income (loss), were as follows for the periods indicated:

(in millions) Three Months Ended	Before-Tax			Income Tax (Expense) Benefit			Net-of-Tax
October 31, 2015
Foreign currency translation adjustment	$	2.4		$	—		$	2.4
Change in funded status of defined benefit plans		—			—			—
Derivative instruments unrealized loss		(2.9	)		1.0			(1.9	)
Reclassification adjustments:
Amortization of derivative instruments unrealized loss		3.0			(1.1	)		1.9
Other comprehensive income (loss)	$	2.5		$	(0.1	)	$	2.4
October 31, 2014
Foreign currency translation adjustment	$	(80.0	)	$	—		$	(80.0	)
Change in funded status of defined benefit plans		0.6			—			0.6
Derivative instruments unrealized loss		(4.1	)		1.6			(2.5	)
Other comprehensive income (loss)	$	(83.5	)	$	1.6		$	(81.9	)

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(in millions) Six Months Ended	Before-Tax			Income Tax (Expense) Benefit			Net-of-Tax
October 31, 2015
Foreign currency translation adjustment	$	(62.4	)	$	—		$	(62.4	)
Change in funded status of defined benefit plans		0.2			—			0.2
Derivative instruments unrealized gain (loss)		(4.9	)		1.9			(3.0	)
Reclassification adjustments:
Amortization of derivative instruments unrealized loss		5.9			(2.3	)		3.6
Other comprehensive income (loss)	$	(61.2	)	$	(0.4	)	$	(61.6	)
October 31, 2014
Foreign currency translation adjustment	$	(137.3	)	$	—		$	(137.3	)
Change in funded status of defined benefit plans		1.6			(0.1	)		1.5
Derivative instruments unrealized gain (loss)		(4.9	)		1.9			(3.0	)
Other comprehensive income (loss)	$	(140.6	)	$	1.8		$	(138.8	)

14. Commitments and Contingencies

Leases

We have entered into cancelable and non-cancelable operating leases, primarily related to rental of office space, certain office equipment and automobiles. Total rent expense for operating leases was $13.1 million and $14.4 million for the three-month periods ended October 31, 2015, and October 31, 2014, respectively. For the first six months of fiscal 2016 and 2015, total rent expense for operating leases was $26.2 million and $28.3 million, respectively.

We have also entered into certain capital lease commitments for buildings, computers and operating equipment and automobiles. Aggregate property acquired through capital leases and the associated depreciation of these assets is included in property and equipment, net on our Condensed Consolidated Balance Sheets. The current portion of capital lease obligations is included in accrued expenses, and the long-term portion of capital lease obligations is included in other long-term liabilities on our Condensed Consolidated Balance Sheets.

Litigation

From time to time, we are subject to litigation in the normal course of business. We accrue for litigation exposure when a loss is probable and estimable. As of October 31, 2015 and April 30, 2015, we have accrued $2.0 million and $1.6 million, respectively, related to current litigation matters. We expense all legal costs to resolve regulatory, legal, tax or other matters in the period incurred.

Patent Infringement Lawsuit by ePlus

On May 19, 2009, ePlus sued Infor (US), Inc. (formerly known as Lawson Software, Inc. (Lawson)), alleging infringement of three separate United States patents. On January 27, 2011, a jury found that Lawson’s S3 Procurement System, when used in combination with certain complementary SCM products we offer that specifically included the Requisition Self Service (RSS) module, infringed two of the ePlus patents. No damages were awarded to ePlus. Following the jury verdict, Lawson developed a design-around product, Requisition Center, which was intended to be a non-infringing replacement product. On May 23, 2011, the Court entered an injunction prohibiting Lawson from licensing, servicing, or supporting in the United States our S3 Procurement System, when used in certain software configurations that included RSS. In September 2011, ePlus moved under the injunction to have Lawson held in contempt, and a civil contempt trial was conducted in April 2013.

Lawson vigorously litigated and defended itself: (a) in its appeal to the United States Court of Appeals for the Federal Circuit from the 2011 judgment of infringement; (b) in the contempt proceedings ePlus had initiated; and (c) in appeals to the Federal Circuit after the District Court declined to vacate the injunction and in regard to its judgment of civil contempt. That defense has so far been successful.

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During these proceedings, every patent claim ePlus had asserted against Lawson has been held to be invalid or not infringed. While Lawson’s appeal of the injunction and civil contempt order was pending before the Federal Circuit, the U.S. Patent and Trademark Office cancelled the sole ePlus patent claim underlying the injunction, and the Federal Circuit affirmed that cancellation. The absence of any valid and infringed patent claim then led to a ruling on July 25, 2014 in favor of Lawson in all respects. Specifically, the Federal Circuit vacated the District Court’s injunction and contempt orders in their entirety (including all damage awards) and remanded the case back to the District Court “with instructions to dismiss.”

On August 25, 2014, ePlus petitioned the Federal Circuit for a panel rehearing, and/or rehearing en banc. On June 18, 2015, the Federal Circuit issued orders disposing of ePlus’s combined petition. First, the panel that heard the appeal granted the petition for rehearing “to clarify the decision.” The panel withdrew the opinions issued on July 25, 2014, and substituted a revised opinion (and dissent) that adhered to the previous ruling, namely vacating the District Court’s injunction and contempt orders in their entirety (including all damage awards) and remanding the case to the District Court “with instructions to dismiss.” Second, the petition for en banc review, which had been referred to the active judges of the Court for consideration, was denied. The Federal Circuit issued its mandate on June 25, 2015. ePlus filed a petition for a writ of certiorari from the United States Supreme Court on November 13, 2015, within the extended deadline it obtained for the filing of the petition. We continue to reasonably expect that the ultimate outcome of the case will be as the Federal Circuit ruled on June 18, 2015.

Other Proceedings

We are subject to various other legal proceedings and the risk of litigation by employees, customers, patent owners, suppliers, stockholders or others through private actions, class actions, administrative proceedings or other litigation. While the outcome of these claims cannot be predicted with certainty, we are of the opinion that, based on information presently available, the resolution of any such legal matters existing as of October 31, 2015, will not have a material adverse effect on our financial position, results of operations or cash flows.

Guarantees

We typically grant our customers a warranty that guarantees that our product will substantially conform to Infor’s current specifications for 90 days from the delivery date. We also indemnify our customers from third-party claims of intellectual property infringement relating to the use of our products. Infor’s standard software license agreements contain liability clauses that are limited in amount. We account for these clauses under ASC 460, Guarantees. We do not have a history of incurring costs to settle claims or paying awards under these indemnification obligations. Accordingly, we have not recorded any liabilities related to these agreements as of October 31, 2015 and April 30, 2015.

15. Derivative Financial Instruments

We have entered into certain interest rate swaps with notional amounts totaling $945.0 million to limit our exposure to floating interest rate risk related to a significant portion of the outstanding balance of our Term Loans. See Note 11, Debt. We entered into these interest rate swaps to mitigate our exposure to the variability of the three-month LIBOR for our floating rate debt. We have designated these instruments as cash flow hedges upon initiation, and we anticipate that these hedges will be highly effective at their inception and on an on-going basis. These interest rate swaps had an effective date of March 31, 2015, with a 30-month term expiring September 29, 2017, and have a 1.25% floor.

The following table presents the fair values of the derivative financial instruments included on our Condensed Consolidated Balance Sheets at the dates indicated:

						Balance Sheet Classification Asset (Liability)			Fair Value at
(in millions, except percentages)	Notional Amount		Derivative Base						October 31, 2015			April 30, 2015
Accounting cash flow hedges:
Interest rate swap	$	425.3		2.4725	%		Accrued expenses		$	(5.2	)	$	(4.7	)
							Other long-term liabilities			(3.6	)		(4.8	)
Interest rate swap		212.6		2.4740	%		Accrued expenses			(2.6	)		(2.3	)
							Other long-term liabilities			(1.9	)		(2.5	)
Interest rate swap		212.6		2.4750	%		Accrued expenses			(2.6	)		(2.4	)
							Other long-term liabilities			(1.9	)		(2.0	)
Interest rate swap		94.5		2.4725	%		Accrued expenses			(1.1	)		(1.1	)
							Other long-term liabilities			(0.9	)		(1.0	)
Total	$	945.0					Total, net asset	(liability)	$	(19.8	)	$	(20.8	)

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The following table presents the before-tax impact of the derivative financial instruments on our other comprehensive income (OCI), accumulated other comprehensive income (AOCI), and our statement of operations for the periods indicated:

	Statement of Operations Location		Three Months Ended October 31,						Six Months Ended October 31,
(in millions)			2015			2014			2015			2014
Accounting cash flow hedges:
Interest rate swaps
Effective portion—gain (loss) recognized in OCI			$	(2.9	)	$	(4.1	)	$	(4.9	)	$	(4.9	)
(Gain) loss reclassified from AOCI into net income		Interest expense, net	$	3.0		$	—		$	5.9		$	—

We have no other derivative instruments designated as accounting hedges and no derivatives that are not designated as hedging instruments. The amounts reflected in the above tables do not include any adjustments to reflect the impact of deferred income taxes. For all periods presented, there were no gains or losses recognized in income related to hedge ineffectiveness.

As of October 31, 2015, approximately $11.5 million of the amounts included in accumulated other comprehensive income (loss) related to our derivative instruments is expected to be reclassified into earnings during the next twelve months. This estimate is based on the effective date of our interest rate swaps and the timing of the occurrence of the hedged forecasted transactions. The maximum term over which we are hedging our exposure to the variability of future cash flows (for all forecasted transactions) is approximately two years.

16. Segment and Geographic Information

We are a global provider of enterprise business applications software and services focused primarily on medium and large enterprises. We provide industry-specific and other enterprise software products and related services to companies in the manufacturing, distribution, healthcare, public sector, automotive, service industries, ESM&R, consumer products & retail and hospitality industries. We serve customers in the Americas, EMEA and APAC geographic regions.

Segment Information

We view our operations and manage our business as three reportable segments: License, Maintenance and Consulting. See Note 1, Nature of Business and Basis of Presentation – Business Segments. It is around these three key sets of business activities that we have organized our business and established budgets, forecasts and strategic objectives, including go-to-market strategies. Within our organization, multiple sets of information are available reflecting various views of our operations including vertical, geographic, product and/or functional information. However, the financial information provided to and used by our chief operating decision-maker (CODM) to assist in making operational decisions, allocating resources and assessing performance reflects revenues, cost of revenues and sales margin for these three segments.

License—Our License segment develops, markets and distributes enterprise software including the following types of software: enterprise HCM, financial management, business intelligence, asset management, enterprise performance management, supply chain management, service management, manufacturing operations, business project management and property management for hospitality companies. License revenues include license fees which primarily consist of fees resulting from products licensed to customers on a perpetual basis. Product license fees result from a customer’s licensing of a given software product for the first time or with a customer’s licensing of additional users for previously licensed products. License revenues also include revenues related to our SaaS offerings.

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Maintenance —Our Maintenance segment provides software updates and product support including when-and-if-available upgrades, release updates, regulatory updates and patches, access to our knowledge base and technical support team, technical advice and application management. Generally, these services are provided under annual contracts. Infor’s maintenance agreements are comprehensive customer support programs which entitle customers to various levels of support to meet their specific needs. Infor’s maintenance and customer support offerings are delivered through our global support organization operating from our support centers around the world. Maintenance revenues include product updates and support fees revenues which represent the ratable recognition of fees to enroll and renew licensed products in our maintenance programs. These fees are typically charged annually and are based on the license fees initially paid by the customer. These revenues can fluctuate based on the number and timing of new license contracts, renewal rates and price increases.

Consulting—Our Consulting segment provides software implementation, customization, integration, training and other consulting services related to Infor’s software products. Services in this segment are generally provided under time and materials contracts, and in certain situations, under fixed-fee or maximum-fee contracts. Infor’s consulting offerings range from initial assessment and planning of a project to the actual implementation and post-implementation of a project, including optimizing a customer’s use of our software, as well as training and learning tools designed to help customers become proficient in using Infor’s software quickly and effectively. Consulting services and other revenue include consulting services and other fees revenues from services provided to customers who have licensed Infor’s products.

The measure we use to assess our reportable segments’ operating performance is sales margin. Reportable segment sales margin includes segment revenues net of direct controllable costs. Segment revenues include adjustments to increase revenues that would have been recognized if we had not adjusted certain deferred revenue balances related to acquisitions to their fair values at the time of the acquisition as required by GAAP. Segment costs represent those costs of resources dedicated to each segment, direct sales costs, and allocation of certain operating expenses. Segment costs exclude any allocation of depreciation and amortization related to our acquired intangible assets or restructuring costs.

We do not have any intercompany revenue recorded between reportable segments. The accounting policies for our reportable segments are the same as those used in our consolidated financial statements. We do not assess or report assets or capital expenditures by reportable segment. For disclosure of goodwill by reportable segment see Note 4, Goodwill.

The following table presents financial information for our reportable segments for the periods indicated:

(in millions, except percentages)	Reportable Segment
Three Months Ended	License			Maintenance			Consulting			Total
October 31, 2015
Revenues	$	144.2		$	354.4		$	169.1		$	667.7
Cost of revenues		38.6			63.1			140.0			241.7
Direct sales and marketing costs		88.6			—			—			88.6
Sales margin	$	17.0		$	291.3		$	29.1		$	337.4
Sales margin %		11.8	%		82.2	%		17.2	%		50.5	%
October 31, 2014
Revenues	$	133.0		$	373.3		$	180.9		$	687.2
Cost of revenues		27.9			65.3			138.2			231.4
Direct sales and marketing costs		91.3			—			7.2			98.5
Sales margin	$	13.8		$	308.0		$	35.5		$	357.3
Sales margin %		10.4	%		82.5	%		19.6	%		52.0	%

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(in millions, except percentages)	Reportable Segment
Six Months Ended	License			Maintenance			Consulting			Total
October 31, 2015
Revenues	$	265.2		$	711.4		$	331.8		$	1,308.4
Cost of revenues		68.7			124.7			278.8			472.2
Direct sales and marketing costs		176.6			—			—			176.6
Sales margin	$	19.9		$	586.7		$	53.0		$	659.6
Sales margin %		7.5	%		82.5	%		16.0	%		50.4	%
October 31, 2014
Revenues	$	325.6		$	747.1		$	368.6		$	1,441.3
Cost of revenues		60.1			131.7			284.7			476.5
Direct sales and marketing costs		198.4			—			7.2			205.6
Sales margin	$	67.1		$	615.4		$	76.7		$	759.2
Sales margin %		20.6	%		82.4	%		20.8	%		52.7	%

The following table presents a reconciliation of our reportable segment revenues, net of the reversal of purchase accounting revenue adjustments, and our reportable segment sales margin to total consolidated revenues and consolidated income (loss) before income tax for the periods indicated:

	Three Months Ended October 31,						Six Months Ended October 31,
(in millions)	2015			2014			2015			2014
Reportable segment revenues	$	667.7		$	687.2		$	1,308.4		$	1,441.3
Purchase accounting revenue adjustments (1)		(4.4	)		(1.6	)		(4.8	)		(2.5	)
Total revenues	$	663.3		$	685.6		$	1,303.6		$	1,438.8
Reportable segment sales margin	$	337.4		$	357.3		$	659.6		$	759.2
Other unallocated costs and operating expenses (2)		179.3			173.3			339.7			359.7
Amortization of intangible assets and depreciation		58.7			61.3			115.4			126.4
Restructuring costs		6.4			3.8			8.2			11.3
Income from operations		93.0			118.9			196.3			261.8
Total other expense, net		89.3			86.0			124.7			142.6
Income before income tax	$	3.7		$	32.9		$	71.6		$	119.2

(1) Adjustments to decrease reportable segment revenue for revenue that we would have recognized had we not adjusted acquired deferred revenue as required by GAAP.

(2) Other unallocated costs and operating expenses include certain sales and marketing expenses, research and development, general and administrative, acquisition-related and other costs, equity-based compensation, as well as adjustments for deferred costs recognized related to acquired deferred revenue.

29

Geographic Information

The following table presents our revenues summarized by geographic region, based on the location at which each sale originates, for the periods indicated:

(in millions)	Geographic Region
Three Months Ended	Americas		EMEA		APAC		Total
October 31, 2015
Software license fees and subscriptions	$	97.9	$	33.0	$	9.0	$	139.9
Product updates and support fees		229.0		99.4		25.9		354.3
Software revenues		326.9		132.4		34.9		494.2
Consulting services and other fees		92.5		64.3		12.3		169.1
Total revenues	$	419.4	$	196.7	$	47.2	$	663.3
October 31, 2014
Software license fees and subscriptions	$	85.2	$	37.3	$	10.3	$	132.8
Product updates and support fees		231.5		110.4		30.1		372.0
Software revenues		316.7		147.7		40.4		504.8
Consulting services and other fees		90.9		74.5		15.4		180.8
Total revenues	$	407.6	$	222.2	$	55.8	$	685.6

(in millions)	Geographic Region
Six Months Ended	Americas		EMEA		APAC		Total
October 31, 2015
Software license fees and subscriptions	$	185.5	$	59.0	$	16.4	$	260.9
Product updates and support fees		459.6		198.6		52.7		710.9
Software revenues		645.1		257.6		69.1		971.8
Consulting services and other fees		177.7		129.2		24.9		331.8
Total revenues	$	822.8	$	386.8	$	94.0	$	1,303.6
October 31, 2014
Software license fees and subscriptions	$	201.8	$	93.0	$	30.0	$	324.8
Product updates and support fees		459.5		225.9		60.3		745.7
Software revenues		661.3		318.9		90.3		1,070.5
Consulting services and other fees		179.3		156.6		32.4		368.3
Total revenues	$	840.6	$	475.5	$	122.7	$	1,438.8

The following table presents our long-lived tangible assets, consisting of property and equipment net of accumulated depreciation, summarized by geographic region:

	Geographic Region
(in millions)	Americas		EMEA		APAC		Total
October 31, 2015	$	71.1	$	22.3	$	6.6	$	100.0
April 30, 2015	$	51.1	$	24.6	$	6.1	$	81.8

30

The following table sets forth our revenues by country for the periods indicated:

	Three Months Ended				Six Months Ended
	October 31,				October 31,
(in millions)	2015		2014		2015		2014
United States	$	380.7	$	362.5	$	743.5	$	747.0
All other countries		282.6		323.1		560.1		691.8
Total revenues	$	663.3	$	685.6	$	1,303.6	$	1,438.8

Revenues attributable to the United States, our country of domicile, and foreign countries are based on the country in which the sales originate.

The following table sets forth long-lived tangible assets by country at the dates indicated:

	October 31,		April 30,
(in millions)	2015		2015
United States	$	69.1	$	48.5
All other countries		30.9		33.3
Total long-lived tangible assets	$	100.0	$	81.8

Only those countries in which revenues or long-lived assets exceed 10% of our consolidated revenues or long-lived assets are reflected in the above tables. In those fiscal periods when a country’s revenues or long-lived tangible assets are less than 10% of the consolidated totals, applicable amounts are included in “all other countries.”

17. Related Party Transactions

Sponsor Transactions

Golden Gate Capital and Summit Partners, L.P. (Summit Partners, and together with Golden Gate Capital, the Sponsors) are our largest investors. We have entered into advisory agreements with our Sponsors pursuant to which we have retained them to provide advisory services relating to financing and strategic business planning, acquisitions and investments, analysis and oversight, executive recruiting and certain other services. We recognize these management fees as a component of general and administrative expenses in our Condensed Consolidated Statement of Operations.

The following table sets forth management fees and expenses rendered under the advisory agreements in connection with acquisitions, debt refinancing and other advisory services for the periods indicated:

	Three Months Ended				Six Months Ended
	October 31,				October 31,
(in millions)	2015		2014		2015		2014
Golden Gate Capital	$	1.4	$	1.5	$	2.8	$	3.0
Summit Partners		0.5		0.5		1.0		1.0
Total management fees and expenses	$	1.9	$	2.0	$	3.8	$	4.0

At October 31, 2015, $2.2 million of these fees primarily related to Golden Gate Capital remained unpaid.

31

In connection with the issuance of our Senior Secured Notes in the second quarter of fiscal 2016, we capitalized as deferred financing fees $2.5 million in fees paid to Angel Island Capital Services, LLC, an affiliate of Golden Gate Capital. In addition, we expensed buyer transaction fees of approximately $4.8 million payable to Golden Gate Capital and $1.9 million payable to Summit Partners in connection with the GT Nexus Acquisition. These transaction fees are include in acquisition-related and other costs in our Condensed Consolidated Statement of Operations for the fiscal periods ended October 31, 2015, and are included in other long-term liabilities on our Condensed Consolidated Balance Sheets as of October 31, 2015. We did not capitalize or expense any similar fees in the comparable period last year.

In the normal course of business, we may sell products and services to companies owned by our Sponsors. Sales to companies owned by Golden Gate Capital and Summit Partners are recognized according to our revenue recognition policy as described in Note 2, Summary of Significant Accounting Policies. Sales to Golden Gate Capital-owned companies were approximately $0.4 million and $0.6 million in the three months and six months ended October 31, 2015, respectively, and $0.3 million and $0.6 million in the comparable periods of fiscal 2015. We had no sales to companies owned by Summit Partners in the first six months of fiscal 2016 or the corresponding prior period.

We have made an immaterial amount of payments to companies owned by Golden Gate Capital and Summit Partners for products and services in the current quarter and first six months of fiscal 2016 and in the comparable periods of fiscal 2015.

Due to/from Affiliates

Infor, through certain of our subsidiaries, had net receivables from our affiliates, primarily HoldCo and Lux Bond Co, of $36.9 million and $35.3 million as of October 31, 2015 and April 30, 2015, respectively. These receivables arose primarily due to our payment of deferred financing fees and interest related to Lux Bond Co’s debt and are included in receivable from stockholders in the equity section on our Condensed Consolidated Balance Sheets.

Infor has entered into a Tax Allocation Agreement with GGC Software Parent, Inc., an affiliate of Lux Bond Co (the Tax Allocation Agreement). The Company is included in the GGC Software Parent, Inc. consolidated federal income tax return and the Tax Allocation Agreement sets forth the obligation of Infor and our domestic subsidiaries with regard to preparing and filing tax returns and allocating tax payments under the consolidated reporting rules of the Internal Revenue Code and similar state and local tax laws governing combined or consolidated filings. The Tax Allocation Agreement provides that each domestic subsidiary that is a member of the consolidated, unitary or combined tax group will pay its share of the taxes of the group.

Prior to the second quarter of fiscal 2015, payments of amounts recorded under the terms of the Tax Allocation Agreement were generally recorded as a decrease in our receivable from stockholders. In the first six months of fiscal 2015, we recorded payments of $5.0 million related to the Tax Allocation Agreement as reductions to our receivable from stockholders.

Beginning in the second quarter of fiscal 2015, certain payments made under the Tax Allocation Agreement have been recorded against affiliate payable, which is included in accounts payable on our Condensed Consolidated Balance Sheets. In the first six months of fiscal 2016 and 2015, we made payments of $8.5 million and $11.7 million, respectively, under the Tax Allocation Agreement, which were recorded against affiliate payable. We had $9.0 million and $6.4 million payable under the Tax Allocation Agreement as of October 31, 2015 and April 30, 2015, respectively.

Dividends Paid to Affiliates

In the first six months of fiscal 2016 we paid dividends to certain of our affiliates totaling $17.0 million related to the funding of semi-annual interest on our affiliate’s debt. In April 2015, HoldCo elected to pay semi-annual interest due related to the HoldCo Notes of approximately $26.7 million in cash (i) with $1.2 million cash on-hand, (ii) with amounts we funded through dividend distributions from Infor to HoldCo of $17.0 million, which were accrued as of April 30, 2015, and (iii) through certain payments made under the Tax Allocation Agreement, totaling $8.5 million. The dividends and amounts due under the Tax Allocation Agreement were paid on May 1, 2015.

In addition, as of October 31, 2015, we had accrued dividends payable of $18.0 million related to our funding of the semi-annual interest on the HoldCo Notes. In October 2015, HoldCo elected to pay the semi-annual interest due on November 2, 2015, related to the HoldCo Notes of approximately $27.3 million in cash (i) with $0.3 million cash on-hand, (ii) with amounts we funded through dividend distributions from Infor to HoldCo of $18.0 million which were accrued as of October 31, 2015, and (iii) through payments made under the Tax Allocation Agreement of $9.0 million. The dividends and amounts due under the Tax Allocation Agreement were paid subsequent to quarter end on November 2, 2015.

32

In the second quarter of fiscal 2015 we paid dividends to certain of our affiliates totaling $42.7 million. In October 2014, HoldCo elected to pay interest due related to the HoldCo Notes of $30.1 million in cash and we funded the semi-annual interest due related to the HoldCo Notes through (i) dividend distributions from Infor to HoldCo of $21.6 million and (ii) payments made under the Tax Allocation Agreement of $8.5 million. In October 2014, we made dividend distributions of approximately $21.1 million to Infor Enterprise Applications, LP, an affiliate of the parent company of Infor, to fund equity distributions to members of our executive management team under certain of their equity awards.

In future periods, we may from time-to-time service additional interest payments related to the HoldCo Notes through further dividend distributions.

18. Supplemental Guarantor Financial Information

The Senior Notes and Senior Secured Notes issued by Infor (US), Inc. are fully and unconditionally guaranteed, except for certain customary automatic release provisions, jointly and severally, by Infor, Inc., its parent company, and substantially all of its existing and future wholly-owned domestic subsidiaries (collectively the Guarantor Subsidiaries). See Note 11, Debt. Its other subsidiaries (collectively, the Non-Guarantor Subsidiaries) are not guarantors of our borrowings. The indentures governing the Senior Notes and Senior Secured Notes limit, among other things, the ability of Infor, Inc. and the Guarantor Subsidiaries to incur additional indebtedness; declare or pay dividends; redeem stock or make other distributions to stockholders; make investments; create liens or use assets as security in other transactions; merge or consolidate, or sell, transfer, lease or dispose of substantially all of our assets; enter into transactions with affiliates; and sell or transfer certain assets.

The following tables set forth requisite financial information of Infor, Inc., Infor (US), Inc., the Guarantor Subsidiaries and Non-Guarantor Subsidiaries including our Condensed Consolidating Balance Sheets as of October 31, 2015 and April 30, 2015, our Condensed Consolidating Statements of Operations and our Condensed Consolidating Statements of Comprehensive Income (Loss) for our fiscal quarters and six-month periods ended October 31, 2015 and 2014, and our Condensed Consolidating Statements of Cash Flows for the six months ended October 31, 2015 and 2014.

33

Condensed Consolidating Balance Sheets

	October 31, 2015
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	56.9		$	—	$	442.1	$	—		$	499.0
Accounts receivable, net		—			139.8			7.3		179.7		—			326.8
Prepaid expenses		—			69.1			18.1		39.6		—			126.8
Income tax receivable		—			32.0			0.5		14.8		—			47.3
Other current assets		—			9.1			1.1		12.2		—			22.4
Affiliate receivable		—			667.3			710.3		43.4		(1,421.0	)		—
Deferred tax assets		—			13.7			4.4		20.9		(0.1	)		38.9
Total current assets		—			987.9			741.7		752.7		(1,421.1	)		1,061.2
Property and equipment, net		—			50.6			10.8		38.6		—			100.0
Intangible assets, net		—			458.2			3.9		539.0		—			1,001.1
Goodwill		—			2,403.1			62.5		1,900.4		—			4,366.0
Deferred tax assets		0.2			—			6.8		65.0		(7.0	)		65.0
Other assets		—			23.5			13.0		17.8		—			54.3
Affiliate receivable		—			725.5			1.4		130.7		(857.6	)		—
Investment in subsidiaries		—			2,104.6			—		—		(2,104.6	)		—
Total assets	$	0.2		$	6,753.4		$	840.1	$	3,444.2	$	(4,390.3	)	$	6,647.6
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	—		$	50.3		$	—	$	15.8	$	—		$	66.1
Income taxes payable		—			—			—		33.6		—			33.6
Accrued expenses		—			212.2			27.1		159.3		—			398.6
Deferred tax liabilities		0.1			—			—		1.4		(0.1	)		1.4
Deferred revenue		—			514.9			18.0		244.6		—			777.5
Affiliate payable		29.6			751.4			590.1		49.9		(1,421.0	)		—
Current portion of long-term obligations		—			0.1			—		—		—			0.1
Total current liabilities		29.7			1,528.9			635.2		504.6		(1,421.1	)		1,277.3
Long-term debt		—			5,683.7			—		—		—			5,683.7
Deferred tax liabilities		—			66.0			—		108.3		(7.0	)		167.3
Affiliate payable		58.3			131.5			0.4		667.4		(857.6	)		—
Other long-term liabilities		—			78.5			15.7		110.3		—			204.5
Losses in excess of investment in subsidiaries		735.2			—			—		—		(735.2	)		—
Total liabilities		823.2			7,488.6			651.3		1,390.6		(3,020.9	)		7,332.8
Redeemable noncontrolling interests		—			—			—		127.8		—			127.8
Total Infor, Inc. stockholders’ equity (deficit)		(823.0	)		(735.2	)		188.8		1,915.8		(1,369.4	)		(823.0	)
Noncontrolling interests		—			—			—		10.0		—			10.0
Total stockholders’ equity (deficit)		(823.0	)		(735.2	)		188.8		1,925.8		(1,369.4	)		(813.0	)
Total liabilities, redeemable noncontrolling interests and stockholders’ equity (deficit)	$	0.2		$	6,753.4		$	840.1	$	3,444.2	$	(4,390.3	)	$	6,647.6

34

	April 30, 2015
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	86.7		$	—	$	440.0	$	—		$	526.7
Accounts receivable, net		—			145.5			7.8		184.7		—			338.0
Prepaid expenses		—			59.1			12.4		42.4		—			113.9
Income tax receivable		—			34.7			0.2		14.6		0.1			49.6
Other current assets		—			5.9			1.3		10.6		—			17.8
Affiliate receivable		—			521.8			597.8		22.1		(1,141.7	)		—
Deferred tax assets		—			13.3			4.4		13.2		(0.1	)		30.8
Total current assets		—			867.0			623.9		727.6		(1,141.7	)		1,076.8
Property and equipment, net		—			35.9			12.6		33.3		—			81.8
Intangible assets, net		—			520.6			5.8		204.6		—			731.0
Goodwill		—			2,400.6			62.5		1,582.7		—			4,045.8
Deferred tax assets		0.2			—			8.0		72.8		(8.2	)		72.8
Other assets		—			17.3			3.9		19.1		—			40.3
Affiliate receivable		—			751.5			1.4		141.5		(894.4	)		—
Investment in subsidiaries		—			1,557.9			—		—		(1,557.9	)		—
Total assets	$	0.2		$	6,150.8		$	718.1	$	2,781.6	$	(3,602.2	)	$	6,048.5
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable	$	—		$	41.3		$	0.1	$	21.0	$	—		$	62.4
Income taxes payable		—			—			—		33.4		0.1			33.5
Accrued expenses		—			151.0			26.2		161.9		—			339.1
Deferred tax liabilities		0.1			—			—		1.1		(0.1	)		1.1
Deferred revenue		—			512.4			15.2		339.4		—			867.0
Affiliate payable		29.5			591.3			485.3		35.6		(1,141.7	)		—
Current portion of long-term obligations		—			0.1			—		—		—			0.1
Total current liabilities		29.6			1,296.1			526.8		592.4		(1,141.7	)		1,303.2
Long-term debt		—			5,226.7			—		—		—			5,226.7
Deferred tax liabilities		—			86.5			—		28.7		(8.2	)		107.0
Affiliate payable		58.6			169.6			0.3		665.9		(894.4	)		—
Other long-term liabilities		—			80.7			10.8		116.9		—			208.4
Losses in excess of investment in subsidiaries		708.8			—			—		—		(708.8	)		—
Total liabilities		797.0			6,859.6			537.9		1,403.9		(2,753.1	)		6,845.3
Redeemable noncontrolling interests															—
Total Infor, Inc. stockholders’ equity (deficit)		(796.8	)		(708.8	)		180.2		1,377.7		(849.1	)		(796.8	)
Noncontrolling interests		—			—			—		—		—			—
Total stockholders’ equity (deficit)		(796.8	)		(708.8	)		180.2		1,377.7		(849.1	)		(796.8	)
Total liabilities, redeemable noncontrolling interests and stockholders’ equity (deficit)	$	0.2		$	6,150.8		$	718.1	$	2,781.6	$	(3,602.2	)	$	6,048.5

35

Condensed Consolidating Statements of Operations

	Three Months Ended October 31, 2015
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Software license fees and subscriptions	$	—		$	81.9		$	1.1		$	56.9		$	—		$	139.9
Product updates and support fees		—			209.1			7.7			137.5			—			354.3
Software revenues		—			291.0			8.8			194.4			—			494.2
Consulting services and other fees		—			78.7			3.9			86.5			—			169.1
Total revenues		—			369.7			12.7			280.9			—			663.3
Operating expenses:
Cost of software license fees and subscriptions		—			25.5			2.0			11.6			0.5			39.6
Cost of product updates and support fees		—			33.1			0.6			28.2			1.2			63.1
Cost of consulting services and other fees		—			57.7			3.4			77.0			1.9			140.0
Sales and marketing		—			54.0			5.4			45.6			1.5			106.5
Research and development		—			53.1			1.8			41.9			2.9			99.7
General and administrative		—			4.1			30.2			20.4			(8.0	)		46.7
Amortization of intangible assets and depreciation		—			34.3			3.2			21.2			—			58.7
Restructuring costs		—			3.3			0.4			2.7			—			6.4
Acquisition-related and other costs		—			8.9			0.3			0.4			—			9.6
Affiliate (income) expense, net		—			47.3			(41.8	)		(5.5	)		—			—
Total operating expenses		—			321.3			5.5			243.5			—			570.3
Income from operations		—			48.4			7.2			37.4			—			93.0
Other expense, net:
Interest expense, net		—			78.5			—			—			—			78.5
Affiliate interest (income) expense, net		—			(8.8	)		—			8.8			—			—
Other (income) expense, net		—			0.7			—			10.1			—			10.8
Total other expense, net		—			70.4			—			18.9			—			89.3
Income (loss) before income tax		—			(22.0	)		7.2			18.5			—			3.7
Income tax provision (benefit)		—			(5.3	)		1.8			10.0			—			6.5
Equity in (earnings) loss of subsidiaries		1.8			(14.9	)		—			—			13.1			—
Net income (loss)		(1.8	)		(1.8	)		5.4			8.5			(13.1	)		(2.8	)
Net income (loss) attributable to noncontrolling interests		—			—			—			(1.0	)		—			(1.0	)
Net income (loss) attributable to Infor, Inc.	$	(1.8	)	$	(1.8	)	$	5.4		$	9.5		$	(13.1	)	$	(1.8	)

36

	Three Months Ended October 31, 2014
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Software license fees and subscriptions	$	—		$	79.3		$	1.1		$	52.4		$	—		$	132.8
Product updates and support fees		—			209.1			7.7			155.2			—			372.0
Software revenues		—			288.4			8.8			207.6			—			504.8
Consulting services and other fees		—			78.3			3.5			99.0			—			180.8
Total revenues		—			366.7			12.3			306.6			—			685.6
Operating expenses:
Cost of software license fees and subscriptions		—			17.7			2.3			8.7			0.3			29.0
Cost of product updates and support fees		—			31.4			0.6			32.3			1.2			65.5
Cost of consulting services and other fees		—			51.0			4.7			80.8			2.0			138.5
Sales and marketing		—			62.3			6.9			48.9			1.5			119.6
Research and development		—			55.9			2.3			43.2			2.9			104.3
General and administrative		—			4.8			29.8			19.4			(7.9	)		46.1
Amortization of intangible assets and depreciation		—			36.1			3.3			21.9			—			61.3
Restructuring costs		—			0.3			—			3.5			—			3.8
Acquisition-related and other costs		—			(1.8	)		0.2			0.2			—			(1.4	)
Affiliate (income) expense, net		—			51.0			(44.9	)		(6.1	)		—			—
Total operating expenses		—			308.7			5.2			252.8			—			566.7
Income (loss) from operations		—			58.0			7.1			53.8			—			118.9
Other expense, net:
Interest expense, net		—			87.7			0.1			0.2			—			88.0
Affiliate interest (income) expense, net		—			(10.6	)		(0.1	)		10.7			—			—
Other (income) expense, net		—			(22.5	)		—			20.5			—			(2.0	)
Total other expense, net		—			54.6			—			31.4			—			86.0
Income (loss) before income tax		—			3.4			7.1			22.4			—			32.9
Income tax provision (benefit)		—			(1.0	)		4.0			16.8			—			19.8
Equity in (earnings) loss of subsidiaries		(13.1	)		(8.7	)		—			—			21.8			—
Net income (loss)		13.1			13.1			3.1			5.6			(21.8	)		13.1
Net income (loss) attributable to noncontrolling interests		—			—			—			—			—			—
Net income (loss) attributable to Infor, Inc.	$	13.1		$	13.1		$	3.1		$	5.6		$	(21.8	)	$	13.1

37

	Six Months Ended October 31, 2015
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Software license fees and subscriptions	$	—		$	161.3		$	4.3		$	95.3		$	—		$	260.9
Product updates and support fees		—			418.7			15.8			276.4			—			710.9
Software revenues		—			580.0			20.1			371.7			—			971.8
Consulting services and other fees		—			152.5			6.9			172.4			—			331.8
Total revenues		—			732.5			27.0			544.1			—			1,303.6
Operating expenses:
Cost of software license fees and subscriptions		—			47.5			3.7			18.8			0.8			70.8
Cost of product updates and support fees		—			64.1			1.2			57.2			2.3			124.8
Cost of consulting services and other fees		—			114.1			6.7			154.2			3.8			278.8
Sales and marketing		—			106.6			11.2			87.2			2.9			207.9
Research and development		—			108.8			3.7			80.8			5.6			198.9
General and administrative		—			8.4			58.6			39.3			(15.4	)		90.9
Amortization of intangible assets and depreciation		—			69.8			6.4			39.2			—			115.4
Restructuring costs		—			3.8			0.3			4.1			—			8.2
Acquisition-related and other costs		—			10.8			0.4			0.4			—			11.6
Affiliate (income) expense, net		—			86.7			(73.0	)		(13.7	)		—			—
Total operating expenses		—			620.6			19.2			467.5			—			1,107.3
Income from operations		—			111.9			7.8			76.6			—			196.3
Other expense, net:
Interest expense, net		—			151.1			—			—			—			151.1
Affiliate interest (income) expense, net		—			(17.4	)		—			17.4						—
Loss on extinguishment of debt		—			—			—			—			—			—
Other (income) expense, net		—			(8.1	)		—			(18.3	)		—			(26.4	)
Total other expense, net		—			125.6			—			(0.9	)		—			124.7
Income (loss) before income tax		—			(13.7	)		7.8			77.5			—			71.6
Income tax provision (benefit)		—			(6.5	)		1.1			22.3			—			16.9
Equity in loss (earnings) of subsidiaries		(55.7	)		(62.9	)		—			—			118.6			—
Net income (loss)		55.7			55.7			6.7			55.2			(118.6	)		54.7
Net income (loss) attributable to noncontrolling interests		—			—			—			(1.0	)		—			(1.0	)
Net income (loss) attributable to Infor, Inc.	$	55.7		$	55.7		$	6.7		$	56.2		$	(118.6	)	$	55.7

38

	Six Months Ended October 31, 2014
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Software license fees and subscriptions	$	—		$	185.0		$	7.3		$	132.5		$	—		$	324.8
Product updates and support fees		—			414.6			15.3			315.8			—			745.7
Software revenues		—			599.6			22.6			448.3			—			1,070.5
Consulting services and other fees		—			151.0			6.9			210.4			—			368.3
Total revenues		—			750.6			29.5			658.7			—			1,438.8
Operating expenses:
Cost of software license fees and subscriptions		—			38.2			4.2			19.7			0.5			62.6
Cost of product updates and support fees		—			62.7			1.3			65.9			2.4			132.3
Cost of consulting services and other fees		—			104.6			9.4			167.1			3.9			285.0
Sales and marketing		—			121.8			14.3			108.3			2.9			247.3
Research and development		—			108.6			4.6			87.4			5.7			206.3
General and administrative		—			16.9			62.3			42.7			(15.4	)		106.5
Amortization of intangible assets and depreciation		—			73.9			6.6			45.9			—			126.4
Restructuring costs		—			1.5			0.2			9.6			—			11.3
Acquisition-related and other costs		—			(1.7	)		0.2			0.8			—			(0.7	)
Affiliate (income) expense, net		—			119.3			(92.7	)		(26.6	)		—			—
Total operating expenses		—			645.8			10.4			520.8			—			1,177.0
Income from operations		—			104.8			19.1			137.9			—			261.8
Other expense, net:
Interest expense, net		—			176.7			0.2			(0.2	)		—			176.7
Affiliate interest (income) expense, net		—			(22.0	)		(0.1	)		22.1			—			—
Loss on extinguishment of debt		—			—			—			—			—			—
Other (income) expense, net		—			(35.2	)		—			1.1			—			(34.1	)
Total other expense, net		—			119.5			0.1			23.0			—			142.6
Income (loss) before income tax		—			(14.7	)		19.0			114.9			—			119.2
Income tax provision (benefit)		—			(5.4	)		8.3			29.7			—			32.6
Equity in loss (earnings) of subsidiaries		(86.6	)		(95.9	)		—			—			182.5			—
Net income (loss)		86.6			86.6			10.7			85.2			(182.5	)		86.6
Net income (loss) attributable to noncontrolling interests		—			—			—			—			—			—
Net income (loss) attributable to Infor, Inc.	$	86.6		$	86.6		$	10.7		$	85.2		$	(182.5	)	$	86.6

39

Condensed Consolidating Statements of Comprehensive Income (Loss)

	Three Months Ended October 31, 2015
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net income (loss)	$	(1.8	)	$	(1.8	)	$	5.4	$	8.5		$	(13.1	)	$	(2.8	)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax		—			—			—		2.4			—			2.4
Defined benefit plan funding status, net of tax		—			—			—		—			—			—
Unrealized gain (loss) on derivative instruments, net of tax		—			—			—		—			—			—
Total other comprehensive income (loss)		—			—			—		2.4			—			2.4
Comprehensive income (loss)		(1.8	)		(1.8	)		5.4		10.9			(13.1	)		(0.4	)
Comprehensive income (loss) attributable to noncontrolling interests		—			—			—		(1.0	)		—			(1.0	)
Comprehensive income (loss) attributable to Infor, Inc.	$	(1.8	)	$	(1.8	)	$	5.4	$	11.9		$	(13.1	)	$	0.6
	Three Months Ended October 31, 2014
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net income (loss)	$	13.1		$	13.1		$	3.1	$	5.6		$	(21.8	)	$	13.1
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax		—			—			—		(80.0	)		—			(80.0	)
Defined benefit plan funding status, net of tax		—			—			—		0.6			—			0.6
Unrealized gain (loss) on derivative instruments, net of tax		—			(2.5	)		—		—			—			(2.5	)
Total other comprehensive income (loss)		—			(2.5	)		—		(79.4	)		—			(81.9	)
Comprehensive income (loss)		13.1			10.6			3.1		(73.8	)		(21.8	)		(68.8	)
Comprehensive income (loss) attributable to noncontrolling interests		—			—			—		—			—			—
Comprehensive income (loss) attributable to Infor, Inc.	$	13.1		$	10.6		$	3.1	$	(73.8	)	$	(21.8	)	$	(68.8	)
	Six Months Ended October 31, 2015
(in millions)	Infor, Inc. (Parent)			Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net income (loss)	$	55.7		$	55.7		$	6.7	$	55.2		$	(118.6	)	$	54.7
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax		—			—			—		(62.4	)		—			(62.4	)
Defined benefit plan funding status, net of tax		—			—			—		0.2			—			0.2
Unrealized gain (loss) on derivative instruments, net of tax		—			0.6			—		—			—			0.6
Total other comprehensive income (loss)		—			0.6			—		(62.2	)		—			(61.6	)
Comprehensive income (loss)		55.7			56.3			6.7		(7.0	)		(118.6	)		(6.9	)
Comprehensive income (loss) attributable to noncontrolling interests		—			—			—		(1.0	)		—			(1.0	)
Comprehensive income (loss) attributable to Infor, Inc.	$	55.7		$	56.3		$	6.7	$	(6.0	)	$	(118.6	)	$	(5.9	)

40

	Six Months Ended October 31, 2014
(in millions)	Infor, Inc. (Parent)		Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net income (loss)	$	86.6	$	86.6		$	10.7	$	85.2		$	(182.5	)	$	86.6
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax		—		—			—		(137.3	)		—			(137.3	)
Defined benefit plan funding status, net of tax		—		0.1			—		1.4			—			1.5
Unrealized gain (loss) on derivative instruments, net of tax		—		(3.0	)		—		—			—			(3.0	)
Total other comprehensive income (loss)		—		(2.9	)		—		(135.9	)		—			(138.8	)
Comprehensive income (loss)		86.6		83.7			10.7		(50.7	)		(182.5	)		(52.2	)
Comprehensive income (loss) attributable to noncontrolling interests		—		—			—		—			—			—
Comprehensive income (loss) attributable to Infor, Inc.	$	86.6	$	83.7		$	10.7	$	(50.7	)	$	(182.5	)	$	(52.2	)

Condensed Consolidating Statements of Cash Flows

	Six Months Ended October 31, 2015
(in millions)	Infor, Inc. (Parent)		Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Net cash provided by (used in) operating activities	$	—	$	111.6		$	2.6		$	1.3		$	—	$	115.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		—		(549.3	)		—			—			—		(549.3	)
Change in restricted cash		—		—			—			—			—		—
Purchases of property, equipment and software		—		(22.3	)		(2.6	)		(3.9	)		—		(28.8	)
Net cash used in investing activities		—		(571.6	)		(2.6	)		(3.9	)		—		(578.1	)
Cash flows from financing activities:
Dividends paid		—		(17.0	)		—			—			—		(17.0	)
Loans to stockholders		—		(1.6	)		—			—			—		(1.6	)
Payments on capital lease obligations		—		(0.2	)		—			(1.1	)		—		(1.3	)
Proceeds from issuance of debt		—		495.0			—			—			—		495.0
Payments on long-term debt		—		(17.1	)		—			—			—		(17.1	)
(Payments) proceeds from affiliate within group		—		(11.6	)		—			11.6			—		—
Deferred financing fees		—		(16.5	)		—			—			—		(16.5	)
Other		—		(0.8	)		—			—			—		(0.8	)
Net cash provided by (used in) financing activities		—		430.2			—			10.5			—		440.7
Effect of exchange rate changes on cash and cash equivalents		—		—			—			(5.8	)		—		(5.8	)
Net increase (decrease) in cash and cash equivalents		—		(29.8	)		—			2.1			—		(27.7	)
Cash and cash equivalents at the beginning of the period		—		86.7			—			440.0			—		526.7
Cash and cash equivalents at the end of the period	$	—	$	56.9		$	—		$	442.1		$	—	$	499.0

41

	Six Months Ended October 31, 2014
(in millions)	Infor, Inc. (Parent)		Infor (US), Inc. (Subsidiary Issuer)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Net cash provided by (used in) operating activities	$	—	$	61.5		$	2.9		$	(3.9	)	$	—	$	60.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		—		(27.3	)		—			(2.8	)		—		(30.1	)
Change in restricted cash		—		18.3			—			0.7			—		19.0
Purchases of property, equipment and software		—		(6.9	)		(2.9	)		(10.5	)		—		(20.3	)
Net cash used in investing activities		—		(15.9	)		(2.9	)		(12.6	)		—		(31.4	)
Cash flows from financing activities:
Dividends paid		—		(42.7	)		—			—			—		(42.7	)
Loans to stockholders		—		(0.2	)		—			—			—		(0.2	)
Payments on capital lease obligations		—		(0.2	)		—			(1.2	)		—		(1.4	)
Payments on long-term debt		—		(71.6	)		—			—			—		(71.6	)
(Payments) proceeds from affiliate within group		—		(0.3	)		—			0.3			—		—
Other		—		(8.5	)		—			—			—		(8.5	)
Net cash provided by (used in) financing activities		—		(123.5	)		—			(0.9	)		—		(124.4	)
Effect of exchange rate changes on cash and cash equivalents		—		—			—			(23.2	)		—		(23.2	)
Net increase (decrease) in cash and cash equivalents		—		(77.9	)		—			(40.6	)		—		(118.5	)
Cash and cash equivalents at the beginning of the period		—		136.6			—			310.5			—		447.1
Cash and cash equivalents at the end of the period	$	—	$	58.7		$	—		$	269.9		$	—	$	328.6

42

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

We have changed our fiscal year end from May 31 to April 30, effective for our fiscal year 2015. Beginning with the first quarter of our fiscal year 2015, we reported our quarterly results based on our new fiscal calendar. Accordingly, in this Quarterly Report on Form 10-Q, we have reported the second quarter of fiscal year 2016 as the three months ended October 31, 2015, and the second quarter of fiscal year 2015 as the three-month period ended October 31, 2014. The six-month period ended October 31, 2014 includes the results of May 2014, the last month of our previously reported fiscal year 2014. As a result, the year-to-date through October period of fiscal 2015 included three quarter-end months, May 2014, July 2014 and October 2014, when sales volumes tend to be higher. In contrast, the year-to-date through October period of fiscal 2016 included May 2015, the first month of the fiscal year, when sales volumes are ordinarily lower. This difference has resulted in difficult year-over-year comparisons for the year-to-date through October Period of fiscal 2016.

The following discussion and analysis of our financial condition and result of operations for the fiscal period ended October 31, 2015, should be read in conjunction with the audited financial statements of Infor, Inc. for our fiscal year ended April 30, 2015, which are included in our Form 10-K/T, and related notes thereto.

Any reference to Infor, we, our, us or the Company refers to Infor, Inc. and its consolidated subsidiaries.

Management Overview

General

Infor is a global provider of enterprise business applications software and services focused primarily on medium and large enterprises. We design, develop, market, distribute and service enterprise software applications that help organizations manage their businesses. We deliver integrated enterprise business solutions including customer relationship management (CRM), enterprise asset management (EAM), enterprise resource planning, financial management, human capital management (HCM), performance management, product lifecycle management, property management systems, central reservations systems, supplier relationship management and supply chain management (SCM), including business-specific inventory management, transportation logistics, manufacturing and warehouse management software. Infor also offers software license updates and product support as well as other services including consulting, advanced product services, hosting and education.

We offer a broad range of highly functional and technically advanced software applications and industry-specific solutions that we believe help our customers improve their business processes and reduce costs, resulting in better business or operational performance. Our solutions help automate and integrate critical business processes which enable our customers to better manage their suppliers, partners, customers and employees.

We specialize in and target specific industries (or verticals) and have industry-specific business units that leverage our industry-oriented products and teams. We provide industry-specific enterprise software products to companies in the manufacturing, healthcare, distribution, public sector, automotive, service industries, equipment services, management and rental, consumer products and retail, and hospitality industries. Our industry-specific approach allows us to focus on specialized software programs that take less time and cost to meet target customers’ specific needs during periods of implementation and upgrade. Augmenting our vertical-specific applications, we have leading horizontal software applications, including our CRM, EAM, HCM, SCM and financial application suites, which, through our proprietary light-weight middleware solution ION^®, are integrated with our enterprise software applications and sold across verticals. By delivering deep industry functionality coupled with lightweight integration, our customers can take advantage of these mission-critical applications and suites in the cloud, running on Amazon Web Services, a cloud infrastructure industry-leader.

We generate revenue primarily from the sale of perpetual software licenses granting customers use of our software products, providing access to software products through our Software-as-a-Service (SaaS) subscription offerings, providing product updates and support and providing consulting services to our customers. We operate in three segments: License, Maintenance and Consulting. We market and sell our software and services primarily through a direct sales force, which is augmented by systems integrators and resellers. In addition to providing software products, we generate substantial recurring revenue by providing on-going software support services to our customers through our product update and support programs. The product updates and support we provide are valued by our customers as evidenced by our high annual maintenance retention rates. We also help our customers implement and use our applications effectively through our consulting services offerings, including training, implementation and consulting services.

43

We serve a large, diverse and specialized global customer base across three geographic regions—the Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). We have approximately 14,170 employees worldwide and have offices in 43 countries. We have established a worldwide infrastructure for distribution, development and support of our enterprise software. This worldwide coverage provides us with both economies of scale and the ability to leverage our geographical expertise to effectively enter new markets and segments. In the first six months of fiscal 2016, the Americas, EMEA and APAC regions generated approximately 63.1%, 29.7% and 7.2% of our revenues, respectively. Though we have a considerable presence outside of the U.S. today, we continue to believe we have significant opportunities to expand internationally and capture market share, especially in the EMEA and APAC regions.

Acquisitions

An acquisition program is an important element of our corporate strategy. We have invested billions of dollars to acquire a number of complementary companies, products, services and technologies. We believe our acquisition program strengthens our competitive position, enhances the products and services that we can offer to customers, expands our customer base, provides greater scale to accelerate innovation, grows our revenues and earnings, and increases our overall value. We expect to continue to acquire companies, products, services and technologies in furtherance of our corporate strategy. See Note 3, Acquisitions, for additional information related to our recent acquisitions.

We believe we can fund future acquisitions with our internally available cash, cash equivalents and marketable securities, cash generated from operations or additional borrowings. We estimate the financial impact of any potential acquisition with regard to earnings, operating margin, cash flow and return on invested capital targets before deciding to move forward with an acquisition.

Fiscal 2016 Acquisitions

On September 18, 2015, we acquired a majority ownership stake of 81.48% in GT Nexus, Inc. (GT Nexus), for $550.0 million, net of cash acquired (the GT Nexus Acquisition). GT Nexus is a cloud-based SCM firm based in Oakland, California and provides the cloud platform that some of the world’s largest companies, across many sectors, such as manufacturing and retail, use to monitor and orchestrate their global supply chains including automation of sourcing, trade finance and logistics operations, enabling Infor to create a global commerce cloud providing end-to-end visibility and control across physical and financial supply chains. We funded the total consideration related to this transaction through the use of the proceeds of the issuance of our Senior Secured Notes discussed below, together with cash on hand and equity issued to certain shareholders and management of GT Nexus.

Fiscal 2015 Acquisitions

In fiscal 2015, we completed one acquisition. On September 2, 2014, we acquired the assets of Saleslogix, a division of privately held Swiftpage, Inc., for approximately $30.1 million, net of cash acquired. Based in Scottsdale, Arizona, Saleslogix is a provider of SaaS CRM software accessible via mobile devices, desktops, and laptops. The acquisition of Saleslogix complemented our CRM product offerings and added additional sales and service functionality to our industry-focused Infor CloudSuites in the high-growth CRM market.

Financing Activities

On August 25, 2015, in connection with the GT Nexus Acquisition, we issued $500.0 million in aggregate principal amount of 5.75% first lien senior secured notes. Net proceeds from the issuance of our Senior Secured Notes, after expenses, of approximately $478.5 million were used to fund the GT Nexus Acquisition, and to pay related transaction fees and expenses. See Liquidity and Capital Resources – Long-Term Debt below for details.

Non-GAAP Financial Measures

Our results of operations in this Management’s Discussion and Analysis are presented in accordance with accounting principles generally accepted in the United States (GAAP). In addition to reporting our financial results in accordance with GAAP, we present certain non-GAAP financial measures as well. Presentation of these non-GAAP measures allows users to review our results of operations from the same perspective as management and our Board of Directors. These non-GAAP measures include non-GAAP revenues. See Non-GAAP Financial Measure Reconciliations below for additional information regarding our use of these non-GAAP financial measures and reconciliations to the corresponding GAAP measures.

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Foreign Currency

A significant portion of our business is conducted in currencies other than the U.S. Dollar, particularly the Euro and British Pound. Our revenues and operating expenses are affected by fluctuations in applicable foreign currency exchange rates. Downward fluctuations in the value of the U.S. Dollar compared to a foreign currency generally have the effect of increasing our revenues but also increasing our operating expenses denominated in currencies other than the U.S. Dollar. Similarly, strengthening in the U.S. Dollar compared to foreign currency exchange rates generally has the effect of reducing our revenues but also reducing our operating expenses denominated in currencies other than the U.S. Dollar. In addition, we have certain intercompany transfer pricing transactions, intercompany loans and other intercompany transactions that are not considered permanent in nature. Fluctuations in applicable foreign currency exchange rates on these intercompany balances may impact our results of operations.

For the second quarter of fiscal 2016, the average exchange rates for the U.S. Dollar against the Euro and British Pound strengthened by approximately 13.6% and 5.8%, respectively, as compared to the average exchange rates for the second quarter of fiscal 2015. For the six months ended October 31, 2015, the average exchange rates for the U.S. Dollar against the Euro and British Pound strengthened by approximately 16.0% and 7.1%, respectively, as compared to the average exchange rates for the corresponding period of fiscal 2015.

Our international operations have provided and will continue to provide a significant portion of our total revenues and expenses. As a result, total revenues and expenses will continue to be affected by changes in the U.S. Dollar against major international currencies. In order to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency fluctuations, we compare the percent change in the results from one period to another period using constant currency disclosure. To present this information, the most current period results for our entities reporting in currencies other than the U.S. Dollar are converted into U.S. Dollars at constant exchange rates (i.e., the average rates in effect in the prior comparable period) rather than the actual exchange rates in effect during the respective period. In each of the tables below, we present the percent change based on actual results in reported currency and in constant currency.

The following tables summarize the period-over-period change, both in U.S. Dollars and percentages, in revenues and costs and expenses, isolating the fluctuations in exchange rates from changes in activity and pricing on a constant currency basis for the periods indicated:

(in millions, except percentages)	Change Due			Change in					Change Due			Change in
Three Months Ended October 31,	to Currency			Constant					to Currency			Constant
2015 vs. 2014	Fluctuations			Currency		Total Change			Fluctuations			Currency			Total Change
Revenues:
Software license fees and subscriptions	$	(6.3	)	$	13.4	$	7.1			(4.8	)%		10.1	%		5.3	%
Product updates and support fees		(20.8	)		3.1		(17.7	)		(5.6	)		0.8			(4.8	)
Software revenues		(27.1	)		16.5		(10.6	)		(5.4	)		3.3			(2.1	)
Consulting services and other fees		(13.6	)		1.9		(11.7	)		(7.6	)		1.1			(6.5	)
Total revenues	$	(40.7	)	$	18.4	$	(22.3	)		(6.0	)%		2.7	%		(3.3	)%
Total operating expenses	$	(35.5	)	$	39.1	$	3.6			(6.3	)%		6.9	%		0.6	%

(in millions, except percentages)	Change Due			Change in						Change Due			Change in
Six Months Ended October 31,	to Currency			Constant						to Currency			Constant
2015 vs. 2014	Fluctuations			Currency			Total Change			Fluctuations			Currency			Total Change
Revenues:
Software license fees and subscriptions	$	(13.7	)	$	(50.2	)	$	(63.9	)		(4.2	)%		(15.5	)%		(19.7	)%
Product updates and support fees		(46.1	)		11.3			(34.8	)		(6.2	)		1.5			(4.7	)
Software revenues		(59.8	)		(38.9	)		(98.7	)		(5.6	)		(3.6	)		(9.2	)
Consulting services and other fees		(30.6	)		(5.9	)		(36.5	)		(8.3	)		(1.6	)		(9.9	)
Total revenues	$	(90.4	)	$	(44.8	)	$	(135.2	)		(6.3	)%		(3.1	)%		(9.4	)%
Total operating expenses	$	(77.6	)	$	7.9		$	(69.7	)		(6.6	)%		0.7	%		(5.9	)%

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Critical Accounting Policies and Estimates

Our consolidated financial statements are prepared in conformity with GAAP which requires us to make certain estimates, judgments and assumptions. We believe that these estimates, judgments and assumptions are reasonable based upon information available to us at the time that they are made. These estimates, judgments and assumptions can affect the reported amounts of our assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. To the extent there are material differences between these estimates, judgments or assumptions and actual results, our financial statements will be affected.

Our critical accounting policies are described in detail in our Management’s Discussion and Analysis of Financial Condition and Results of Operations, as provided in our Form 10-K/T. These policies reflect those areas that require more significant judgments, and use of estimates and assumptions in the preparation of our financial statements and include the following:

• Revenue Recognition;

• Business Combinations;

• Restructuring;

• Valuation of Accounts Receivable;

• Valuation and Assessment of Impairment of Goodwill and Intangible Assets;

• Income Taxes and Valuation of Deferred Tax Assets;

• Contingencies—Litigation Reserves; and

• Equity-Based Compensation.

In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting among available alternatives would not produce a materially different result. Our senior management has reviewed our critical accounting policies and related disclosures with the Audit Committee of our Board of Directors.

There have been no material changes to our critical accounting policies and estimates during the first six months of fiscal 2016.

Results of Operations

The following tables set forth our unaudited Condensed Consolidated Statements of Operations as the amounts reported in conformity with GAAP, the period-over-period actual percentage change (Actual) and the period-over-period constant currency percentage change (Constant Currency), for the periods indicated:

	Three Months Ended						Quarterly Change						Six Months Ended						Year-to-Date Change
	October 31,						Fiscal 2016 vs. 2015						October 31,						Fiscal 2016 vs. 2015
(in millions, except percentages)	2015			2014			Actual			Constant Currency			2015			2014			Actual			Constant Currency
Revenues:
Software license fees and subscriptions	$	139.9		$	132.8			5.3	%		10.1	%	$	260.9		$	324.8			(19.7	)%		(15.5	)%
Product updates and support fees		354.3			372.0			(4.8	)		0.8			710.9			745.7			(4.7	)		1.5
Software revenues		494.2			504.8			(2.1	)		3.3			971.8			1,070.5			(9.2	)		(3.6	)
Consulting services and other fees		169.1			180.8			(6.5	)		1.1			331.8			368.3			(9.9	)		(1.6	)
Total revenues		663.3			685.6			(3.3	)		2.7			1,303.6			1,438.8			(9.4	)		(3.1	)
Operating expenses:
Cost of software license fees and subscriptions		39.6			29.0			36.6			41.7			70.8			62.6			13.1			17.3
Cost of product updates and support fees		63.1			65.5			(3.7	)		2.6			124.8			132.3			(5.7	)		1.2
Cost of consulting services and other fees		140.0			138.5			1.1			9.8			278.8			285.0			(2.2	)		7.3
Sales and marketing		106.5			119.6			(11.0	)		(5.9	)		207.9			247.3			(15.9	)		(10.8	)
Research and development		99.7			104.3			(4.4	)		0.1			198.9			206.3			(3.6	)		1.6
General and administrative		46.7			46.1			1.3			10.4			90.9			106.5			(14.6	)		(6.2	)
Amortization of intangible assets and depreciation		58.7			61.3			(4.2	)		0.0			115.4			126.4			(8.7	)		(4.0	)
Restructuring costs		6.4			3.8			68.4			76.3			8.2			11.3			(27.4	)		(22.1	)
Acquisition-related and other costs		9.6			(1.4	)		NM			NM			11.6			(0.7	)		NM			NM
Total operating expenses		570.3			566.7			0.6			6.9			1,107.3			1,177.0			(5.9	)		0.7
Income from operations		93.0			118.9			(21.8	)		(17.4	)		196.3			261.8			(25.0	)		(20.1	)
Interest expense, net		78.5			88.0			(10.8	)		(10.8	)		151.1			176.7			(14.5	)		(14.5	)
Other (income) expense, net		10.8			(2.0	)		NM			NM			(26.4	)		(34.1	)		(22.6	)		(19.6	)
Income before income tax		3.7			32.9			(88.8	)		(78.1	)		71.6			119.2			(39.9	)		(28.4	)
Income tax provision		6.5			19.8			(67.2	)		(66.2	)		16.9			32.6			(48.2	)		(46.9	)
Net income (loss)		(2.8	)		13.1			NM			NM			54.7			86.6			(36.8	)		(21.4	)
Net loss attributable to noncontrolling interests		(1.0	)		—			NM			NM			(1.0	)		—			NM			NM
Net income (loss) attributable to Infor, Inc.	$	(1.8	)	$	13.1			NM	%		NM	%	$	55.7		$	86.6			(35.7	)%		(20.2	)%

* NM—Percentage not meaningful

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The discussion that follows relating to our results of operations for the comparable three and six-month periods ended October 31, 2015 and 2014, should be read in conjunction with the accompanying unaudited Condensed Consolidated Financial Statements and related Notes and with the information presented in the above table. This analysis addresses the actual changes in our results of operations for the comparable fiscal periods as presented in accordance with GAAP as well as changes excluding the impact of foreign currency fluctuations, as reflected in the constant currency percentages in the above table and the tables that follow. See Foreign Currency above, for further explanation of the impact on our results of operations.

Revenues

	Three Months Ended				Quarterly Change						Six Months Ended				Year-to-Date Change
	October 31,				Fiscal 2016 vs. 2015						October 31,				Fiscal 2016 vs. 2015
(in millions, except percentages)	2015		2014		Actual			Constant Currency			2015		2014		Actual			Constant Currency
Revenues:
Software license fees and subscriptions	$	139.9	$	132.8		5.3	%		10.1	%	$	260.9	$	324.8		(19.7	)%		(15.5	)%
Product updates and support fees		354.3		372.0		(4.8	)		0.8			710.9		745.7		(4.7	)		1.5
Software revenues		494.2		504.8		(2.1	)		3.3			971.8		1,070.5		(9.2	)		(3.6	)
Consulting services and other fees		169.1		180.8		(6.5	)		1.1			331.8		368.3		(9.9	)		(1.6	)
Total revenues	$	663.3	$	685.6		(3.3	)%		2.7	%	$	1,303.6	$	1,438.8		(9.4	)%		(3.1	)%

Total Revenues. We generate revenues from licensing our software, providing access to our software through SaaS subscriptions, providing product updates and support related to our licensed products and providing consulting services. We utilize written contracts as the means to establish the terms and conditions by which our products, product updates and support and consulting services are sold to our customers. As our product updates and support and consulting services are primarily attributable to our licensed products, growth in our product updates and support and consulting services is generally tied to the level of our license contracting activity.

We recognize revenues pursuant to specific and detailed guidelines applicable to the software industry. License fees revenues from end-users are generally recognized when the software product has been delivered and certain conditions are met. Revenues from customer product updates and support contracts are deferred and recognized ratably over the term of the agreements. Revenues from consulting services (including training and implementation services) are recognized as services are provided to customers. See Note 2, Summary of Significant Accounting Policies – Revenue Recognition, in our financial statements related to our fiscal year ended April 30, 2015, as provided in our Form 10-K/T, for a more complete description of our revenue recognition policy.

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Total revenues increased 2.7% in the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015, excluding the unfavorable foreign currency impact of 6.0%. On a constant currency basis, the increase was primarily due to higher software license fees and subscriptions revenues, which were up 10.1%. Product updates and support fees increased 0.8% and our consulting services and other fees revenues increased 1.1%. The increase in total revenues also reflects the inclusion of the results of operations of GT Nexus in the current quarter.

For the six-month period ended October 31, 2015, total revenues decreased by 3.1% compared to the six-month period ended October 31, 2014, excluding the unfavorable foreign currency impact of 6.3%. On a constant currency basis, the year-to-date decrease was primarily due to lower perpetual license revenues within software license fees and subscriptions revenues, which were down 15.5% compared to the similar period last year as well as a 1.6% decrease in our consulting services and other fees revenues. These decreases were somewhat offset by a 1.5% increase in our product updates and support fees. The decrease in our year-to-date perpetual license revenues within software license fees and subscription revenues was primarily due to the reporting for our change in fiscal year end beginning in the first quarter of fiscal 2015. As a result of changing our fiscal year to April 30, the first six months of fiscal 2015 was reported as the six months ended October 31, 2014, which included May 2014, the last month of our fiscal 2014 as previously reported. Due to our normal quarterly business cycle, we experience a significantly higher level of transaction activity in the last month of a quarter compared to the first month of the quarter as there is a strong push to meet quarter-end quotas and sales compensation targets. As a result, the first six months of fiscal 2015 included three quarter-end months, May 2014 (the last month of the last quarter of fiscal 2014) and July and October 2014 (the last months of the first and second quarters of fiscal 2015). In comparison, the first six months of fiscal 2016 included the typically lower-volume first month of the quarter, May 2015, and the quarter-end months of July and October 2015. These differences result in difficult year-over-year comparisons for the year-to-date period. Comparing May 2015 to May 2014, on a constant currency basis, total revenues decreased significantly which more than offset an increase in total revenues over the June to October 2015 period compared to the similar five months last year.

Software License Fees and Subscriptions. Our software license fees and subscriptions primarily consist of fees resulting from products licensed to customers on a perpetual basis and subscription revenues related to our SaaS offerings. Product license fees result from a customer’s licensing of a given software product for the first time or with a customer’s licensing of additional users for previously licensed products.

In the second quarter of fiscal 2016, software license fees and subscriptions revenues increased by 10.1% compared to the second quarter of fiscal 2015, excluding the unfavorable foreign currency impact of 4.8%. At constant currency, we reported higher SaaS revenues in the second quarter of fiscal 2016, which contributed an increase of 20.7 points. The increase in SaaS revenues was across all geographic regions, especially in the Americas, as we continued to see strong demand for our CloudSuite and other subscription offerings. The increase in SaaS revenues in the current quarter also reflects the inclusion of the results of the GT Nexus Acquisition, which was consummated on September 18, 2015, with no related amounts in the corresponding prior period. This increase was somewhat offset by lower perpetual license fees revenues, which resulted in a 10.6 point decrease in the second quarter. The decrease in perpetual license fees revenues was experienced across all of our geographic regions, but primarily in the Americas. We continued to see a shift in our mix of software license business from the sale of perpetual licenses to the sale of SaaS subscriptions, which negatively impacted license fees revenues for the quarter. Revenue from perpetual licensing transactions is generally recorded up-front, while revenue from SaaS transactions is recognized over the term of the subscription contract.

In the six-month period ended October 31, 2015, license fees and subscriptions revenues decreased by 15.5%, compared to the six-month period ended October 31, 2014, excluding the unfavorable foreign currency impact of 4.2%. At constant currency, we reported higher year-to-date SaaS revenues for fiscal 2016 across all geographic regions, primarily the Americas, which contributed an increase of 12.8 points. This increase was more than offset by lower perpetual license fees revenues, which resulted in a 28.3 point decrease in the first six months of fiscal 2016. The decrease in perpetual license fees revenues was experienced across all of our geographic regions, primarily the Americas. At constant currency, we believe the year-to-date decrease was primarily the result of reporting for our change in fiscal year end as explained above. Our year-to-date license fees comparison was negatively affected by the change in our fiscal year which drove the focus of our fourth quarter quarterly sales cycle to April 30 in fiscal 2015 compared to May 31 in fiscal 2014. During May 2015, the first month of fiscal 2016, we saw a significant decrease in license transactions and license fees revenues compared to May 2014, the last month of our previously reported fiscal 2014. The decrease related to the difficult May year-over-year comparables. In addition, we continued to see a shift in our software license business from the sale of perpetual licenses to the sale of SaaS subscriptions, which also negatively impacted license fees revenues in the year-to-date period. Revenue from perpetual licensing transactions is generally recorded up-front, while revenue from SaaS transactions is recognized over the term of the subscription contract.

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Product Updates and Support Fees. Our product updates and support fees revenues represent the ratable recognition of fees to enroll and renew licensed products in our maintenance programs. These fees are typically charged annually and are based on the license fees initially paid by the customer. Product updates and support revenues can fluctuate based on the number and timing of new license contracts, renewal rates and price increases.

Product updates and support fees increased by 0.8%, excluding the unfavorable foreign currency impact of 5.6%, in the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015.

Product updates and support fees increased by 1.5%, excluding the unfavorable foreign currency impact of 6.2%, in the six-month period ended October 31, 2015, compared to the six-month period ended October 31, 2014.

At constant currency, the current quarter and year-to-date increases were primarily the result of revenues related to new maintenance pull-through from new license transactions and price increases offsetting customer attrition. The increases in product updates and support fees were across all geographic regions. We continue to experience maintenance retention rates of over 93.0%.

Consulting Services and Other Fees. Our consulting services and other fees revenues consist primarily of software-related services, including systems implementation and integration services, consulting, custom modification, hosting services, application managed services and education and training services for customers who have licensed our products. Consulting services and other fees revenues also includes revenues related to hardware systems products and Inforum, our customer event.

Consulting services and other fees increased by 1.1%, excluding the unfavorable foreign currency impact of 7.6%, in the current quarter compared to the second quarter last year. At constant currency, we experienced an increase in consulting services revenues, which accounted for an increase of 3.1 points compared to the second quarter last year, with an increase in the Americas region offsetting decreases in the APAC and EMEA regions. This increase was somewhat offset by a 2.1 point decrease in other fees revenues primarily due to fees received in the second quarter of fiscal 2015 related to Inforum, our customer event, with no corresponding amount in the current period.

Consulting services and other fees decreased by 1.6%, excluding the unfavorable foreign currency impact of 8.3%, in the six-month period ended October 31, 2015, compared to the six-month period ended October 31, 2014. At constant currency, year-to-date decreases in consulting services revenues accounted for a decrease of 0.9 points compared to the corresponding period last year. We experienced decreases in the EMEA and APAC regions which were somewhat offset by an increase in consulting services revenues in the Americas region. In addition, lower other fees revenues accounted for a 0.7 point decrease in the current six-month period compared to the similar period last year.

Deferred Revenue. Certain of our revenues are deferred when all conditions of revenue recognition have not been met. Deferred revenue represents revenue that is to be recognized in future periods when such conditions have been satisfied related to certain license agreements (including SaaS), maintenance contracts and certain consulting arrangements, as discussed above. We had total deferred revenues of $796.9 million at October 31, 2015, compared to $894.1 million at April 30, 2015 and $785.3 million at October 31, 2014.

The following table sets forth the components of deferred revenue as of October 31, 2015, April 30, 2015 and October 31, 2014:

	October 31,		April 30,		October 31,
(in millions)	2015		2015		2014
Software license fees and subscriptions	$	96.8	$	79.5	$	56.9
Product updates and support fees		647.5		754.9		669.9
Consulting services and other fees		52.6		59.7		58.5
Total deferred revenue		796.9		894.1		785.3
Less: current portion		777.5		867.0		766.4
Deferred revenue—non-current	$	19.4	$	27.1	$	18.9

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In general, changes in the balance of our deferred revenue are cyclical and primarily driven by the timing of our maintenance services renewal cycles. Our peak renewal activity levels occur in December and May with revenues being recognized ratably over the applicable service periods. We generate substantial recurring product update and support fees revenue from our customer support programs and other software maintenance services. Maintaining our current level of product update and support fees revenue is dependent upon our ability to enroll our customers in our maintenance programs and having our customers renew their maintenance agreements, primarily on an annual basis.

Operating Expenses

	Three Months Ended					Quarterly Change						Six Months Ended					Year-to-Date Change
	October 31,					Fiscal 2016 vs. 2015						October 31,					Fiscal 2016 vs. 2015
(in millions, except percentages)	2015		2014			Actual			Constant Currency			2015		2014			Actual			Constant Currency
Operating expenses:
Cost of software license fees and subscriptions	$	39.6	$	29.0			36.6	%		41.7	%	$	70.8	$	62.6			13.1	%		17.3	%
Cost of product updates and support fees		63.1		65.5			(3.7	)		2.6			124.8		132.3			(5.7	)		1.2
Cost of consulting services and other fees		140.0		138.5			1.1			9.8			278.8		285.0			(2.2	)		7.3
Sales and marketing		106.5		119.6			(11.0	)		(5.9	)		207.9		247.3			(15.9	)		(10.8	)
Research and development		99.7		104.3			(4.4	)		0.1			198.9		206.3			(3.6	)		1.6
General and administrative		46.7		46.1			1.3			10.4			90.9		106.5			(14.6	)		(6.2	)
Amortization of intangible assets and depreciation		58.7		61.3			(4.2	)		0.0			115.4		126.4			(8.7	)		(4.0	)
Restructuring costs		6.4		3.8			68.4			76.3			8.2		11.3			(27.4	)		(22.1	)
Acquisition-related and other costs		9.6		(1.4	)		NM			NM			11.6		(0.7	)		NM			NM
Total operating expenses	$	570.3	$	566.7			0.6	%		6.9	%	$	1,107.3	$	1,177.0			(5.9	)%		0.7	%

* NM—Percentage not meaningful

Cost of Software License Fees and Subscriptions. Cost of software license fees and subscriptions reflects costs related to the sale of our software licenses including royalties to third parties, channel partner commissions and other software delivery expenses, and costs related to our SaaS offerings including salaries, employee benefits, vendor costs associated with providing our subscription offerings, and applicable overhead costs. Our software solutions may include embedded components of third-party vendors for which a fee is paid to the vendor upon the sale of our products. In addition, we resell third-party products in conjunction with the license of our software solutions, which also results in a fee. We also sell our software solutions through our third-party channel relationships which require us to pay applicable commissions to our channel partners. The cost of software license fees and subscriptions is generally higher, as a percentage of revenues, when we sell products of third-party vendors. As a result, software license fees and subscriptions gross margins will vary depending on the proportion of third-party product sales and/or sales through our business partner channel in our revenue mix.

Cost of software license fees and subscriptions increased by 41.7%, excluding the favorable foreign currency impact of 5.1%, in the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015. At constant currency, this increase was primarily due to a 35.9 point increase related to higher SaaS costs in-line with our higher subscriptions revenues in the second quarter of fiscal 2016 as well as a 3.8 point increase related to higher third-party royalties and a 1.8 point increase related to higher channel partner commissions due to the mix of license fees revenues in the current quarter.

Cost of license fees and subscriptions for the first six months of fiscal 2016 increased by 17.3%, excluding the favorable foreign currency impact of 4.2%, compared to the first six months of fiscal 2015. At constant currency, this increase was primarily due to a 30.9 point increase related to higher SaaS costs in-line with higher subscriptions revenues. This increase was somewhat offset by a 9.5 point decrease related to lower channel partner commissions and a 3.9 point decrease related to lower third-party royalties, in-line with the lower year-to-date license fees revenues.

Cost of Product Updates and Support Fees. Cost of product updates and support fees includes salaries, employee benefits, related travel, third-party maintenance costs associated with embedded and non-embedded third-party products, related channel partner commissions, and the overhead costs of providing our customers product updates and support.

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Cost of product updates and support fees increased by 2.6%, excluding the favorable foreign currency impact of 6.3%, in the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015. At constant currency, the increase was primarily due to a 7.6 point increase related to higher third-party royalties and a 4.2 point increase related to higher professional fees. These increases were somewhat offset by a 6.0 point decrease in employee-related support costs and a 1.0 point decrease in allocations due to lower headcount in our customer support organization in the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015. In addition, lower channel partner commissions resulted in a 2.1 point decrease.

For the first six months of fiscal 2016, cost of product updates and support fees increased by 1.2%, excluding the favorable foreign currency impact of 6.9%, compared to the corresponding prior period. At constant currency, the year-to-date increase was primarily due to a 5.5 point increase related to higher third-party royalties and a 4.2 point increase related to higher professional fees. These increases were somewhat offset by a 6.4 point decrease in employee-related support costs and allocations in-line with lower headcount and a 1.9 point decrease due to lower channel partner commissions.

Cost of Consulting Services and Other Fees. Cost of consulting services and other fees includes salaries, employee benefits, third-party consulting costs, related travel and the overhead costs of providing our customers systems implementation and integration services, consulting, custom modification, hosting services, application managed services and education and training services. Cost of consulting services and other fees also includes costs associated with our hardware business.

Cost of consulting services and other fees increased by 9.8%, excluding the favorable foreign currency impact of 8.7%, in the current quarter compared to the corresponding prior period. At constant currency, cost of consulting services increased 6.7 points due to higher employee-related costs due to higher headcount in our professional services organizations, 2.1 points related to an increase in billable contractor costs and 1.3 points related to an increase in other costs. These increases were somewhat offset by a 0.3 point decrease due to lower professional fees.

For the first six months of fiscal 2016, cost of consulting services and other fees increased by 7.3%, excluding the favorable foreign currency impact of 9.5%, compared to the corresponding prior period. At constant currency, the year-to-date increase was primarily due to a 5.4 point increase in employee-related costs, a 1.8 point increase due to higher billable contractor costs and a 0.3 point increase related to other costs. These increases were somewhat offset by a 0.2 point decrease due to lower professional fees.

Sales and Marketing. Sales and marketing expenses consist primarily of salaries, commissions, employee benefits, travel, trade show activities, advertising and branding costs, overhead costs related to our sales and marketing personnel, and the costs of Inforum, our customer event.

Sales and marketing expenses decreased by 5.9%, excluding the favorable foreign currency impact of 5.1%, in the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015. On a constant currency basis, the decrease in sales and marketing expenses was primarily due to a decrease of 3.9 points due to lower marketing program costs and a decrease of 2.0 points due to lower employee-related sales costs and related allocations, primarily lower commission costs in-line with lower licensing activity year-over-year, as well as a decrease in equity-based compensation. In addition, sales and marketing expenses decreased 0.3 points due to lower professional fees. These decreases were somewhat offset by a 0.3 point increase in other sales and marketing costs.

Sales and marketing expenses decreased by 10.8%, excluding the favorable foreign currency impact of 5.1%, in the six-month period ended October 31, 2015, compared to the six-month period ended October 31, 2014. On a constant currency basis, the year-to-date decrease in sales and marketing expenses was primarily due to a decrease of 8.1 points due to lower employee-related sales costs and related allocations, primarily lower commission costs in-line with lower licensing activity year-over-year, as well as a decrease in equity-based compensation. In addition, sales and marketing expenses decreased 2.6 points due to lower marketing program costs and 0.2 points due to lower professional fees.

Research and Development. Research and development expenses consist primarily of personnel-related expenditures.

Research and development expenses increased by 0.1%, excluding the favorable foreign currency impact of 4.5%, in the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015. On a constant currency basis, research and development expenses increased 7.2 points related to higher professional fees, 0.4 points as a result of higher employee-related costs and 0.7 points related to an increase in other development costs in the second quarter of fiscal 2016 compared to the second quarter last year. These increases were somewhat offset by a 7.3 point decrease related to higher capitalization of software development costs in the current quarter as compared to the second quarter last year and 0.9 points due to a decrease in overhead allocations.

Research and development expenses increased 1.6%, excluding the favorable foreign currency impact of 5.2%, in the six-month period ended October 31, 2015, compared to the six-month period ended October 31, 2014. On a constant currency basis, research and development expenses increased 6.6 points related to higher professional fees, 0.3 points as a result of higher employee-related costs and 0.6 points related to an increase in other development costs. These increases were somewhat offset by a 4.8 point decrease related to higher capitalization of software development costs year-to-date as compared to the corresponding period last year and 1.1 points due to a decrease in overhead allocations.

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General and Administrative. General and administrative expenses consist primarily of personnel-related expenditures for information technology, finance, legal and human resources support functions.

General and administrative expenses increased by 10.4%, excluding the favorable foreign currency impact of 9.1%, in the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015. On a constant currency basis, general and administrative expenses increased approximately 5.4 points due to an increase in other employee-related costs, 2.8 points related to overhead allocations, 2.5 points related to higher consulting and professional fees, and a net increase of 2.2 points in other general and administrative expenses. These increases were partially offset by 2.5 points due to lower share-based compensation in the quarter.

General and administrative expenses decreased by 6.2%, excluding the favorable foreign currency impact of 8.4%, in the six-month period ended October 31, 2015, compared to the six-month period ended October 31, 2014. On a constant currency basis, year-to-date general and administrative expenses decreased approximately 7.2 points due to lower legal settlement costs incurred in the first six months of fiscal 2016 compared to the corresponding period last year, 3.7 points due to lower year-to-date share-based compensation, 0.6 points related to lower consulting and professional fees and a net decrease of 2.0 points in other general and administrative expenses. These decreases were partially offset by an increase of 4.3 points due to higher employee-related costs and 3.0 points related to overhead allocations.

Amortization of Intangible Assets and Depreciation. Amortization of intangibles assets primarily relates to the on-going amortization of intangible assets acquired in acquisitions. Depreciation expense relates primarily to our computer equipment and purchased software, furniture and fixtures as well as amortization of leasehold improvements.

Amortization of intangibles assets and depreciation was relatively flat, excluding the favorable impact of foreign currency of 4.2%, in the second quarter of fiscal 2016 compared with the second quarter of fiscal 2015.

In the six-month period ended October 31, 2015, amortization of intangible assets and depreciation decreased by 4.0%, compared with the six-month period ended October 31, 2014, excluding the favorable impact of foreign currency of 4.7%.

The year-to-date decrease resulted primarily from certain of our assets being fully amortized or depreciated in fiscal 2015 with no corresponding expense recorded in fiscal 2016. These decreases were somewhat offset by additional amortization expense related to intangible assets recorded as part of our recent acquisitions.

Restructuring. We have recorded restructuring charges related to our acquisitions and on occasion to eliminate redundancies, improve our operational efficiency and reduce our operating costs. These cost reduction measures included workforce reductions relating to restructuring our workforce, the exiting of certain leased facilities and the consolidation of space in certain other facilities. These restructuring charges include employee severance costs and costs related to the reduction of office space. See Note 10, Restructuring Charges.

We recorded restructuring charges of approximately $6.4 million and $3.8 million in the second quarter of fiscal 2016 and in the second quarter of fiscal 2015, respectively, related to our various restructuring actions.

We incurred restructuring charges of $8.2 million in the six-month period ended October 31, 2015, compared to $11.3 million in the six-month period ended October 31, 2014.

The restructuring charges recorded to date in fiscal 2016 included approximately $6.1 million related to employee severance costs and $2.1 million in accruals for costs related to facilities to be exited. The employee severance costs relate to personnel actions across all functions primarily in the Americas and EMEA regions. The facilities charges relate to exiting or consolidation of space in facilities primarily in the Americas region.

The restructuring charges recorded in fiscal 2015 were related to employee severance costs primarily for personnel in our Americas and EMEA sales function, our professional services function in EMEA and product development functions.

Acquisition-Related and Other Costs. Acquisition-related and other costs include transaction and integration costs related to our acquisitions, primarily professional services fees and certain employee costs related to transitional and certain other employees. Acquisition-related and other costs also include certain costs incurred in financing our acquisitions, reorganizing our operations and other debt financing activities.

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In the second quarter of fiscal 2016, we recorded acquisition-related and other costs of $9.6 million, an increase of approximately $11.0 million compared to a $1.4 million net credit in the second quarter of fiscal 2015.

For the six months ended October 31, 2015, acquisition-related and other costs totaled $11.6 million, a change of approximately $12.3 million compared to $0.7 million net credit in the comparable six months of fiscal 2015.

For the three and six months ended October 31, 2015, acquisition-related and other costs were primarily for the GT Nexus Acquisition in September as well as to adjust the estimated fair value of our contingent consideration liability related to previous acquisitions. For the three and six months ended October 31, 2014, acquisition-related and other costs net credit related primarily to adjustments to the estimated fair value of our contingent consideration liabilities which were somewhat offset by costs related to acquisitions.

Non-Operating Income and Expenses 

	Three Months Ended					Quarterly Change						Six Months Ended						Year-to-Date Change
	October 31,					Fiscal 2016 vs. 2015						October 31,						Fiscal 2016 vs. 2015
(in millions, except percentages)	2015		2014			Actual			Constant Currency			2015			2014			Actual			Constant Currency
Interest expense, net	$	78.5	$	88.0			(10.8	)%		(10.8	)%	$	151.1		$	176.7			(14.5	)%		(14.5	)%
Other (income) expense, net		10.8		(2.0	)		NM			NM			(26.4	)		(34.1	)		(22.6	)		(19.6	)
Total non-operating expenses	$	89.3	$	86.0			3.8	%		5.8	%	$	124.7		$	142.6			(12.6	)%		(13.3	)%

* NM—Percentage not meaningful

Interest Expense, Net. Interest expense, net consists of the interest expense related to our debt less the interest income on cash and marketable securities.

Interest expense, net decreased by $9.5 million, or 10.8%, to $78.5 million in the quarter ended October 31, 2015, compared to $88.0 million in the quarter ended October 31, 2014. The quarter-over-quarter decrease in our interest expense was primarily due to the refinancing of our Senior Notes in the fourth quarter of fiscal 2015 at more favorable interest rates somewhat offset by interest on our Senior Secured Notes issued in the second quarter of fiscal 2016. See Liquidity and Capital Resources – Long-Term Debt, below. As a result of these refinancing transactions, our interest expense decreased by approximately $11.8 million and amortization of deferred financing fees and net debt discounts decreased $0.5 million in the second quarter of fiscal 2016 compared to the second quarter last year. These decreases were somewhat offset by $3.0 million of additional interest related to our interest rate swaps.

Interest expense, net decreased by $25.6 million, or 14.5% to $151.1 million in the six-month period ended October 31, 2015, compared to $176.7 million in the six-month period ended October 31, 2014. Year-to-date, the decrease was primarily due to our refinancing transactions which resulted in a $29.5 million decrease in our interest expense and a $1.7 million decrease in the amortization of deferred financing fees and net debt discounts, which were somewhat offset by a $5.9 million increase in interest related to our interest rate swaps.

Other (Income) Expense, Net. Other (income) expense, net consists of the effects of foreign currency fluctuations, gain/loss on the sale of fixed assets, and other costs.

Other (income) expense, net was net expense of $10.8 million in the quarter ended October 31, 2015, compared to $2.0 million net income in the quarter ended October 31, 2014. The change in other (income) expense, net was primarily due to fluctuations in foreign currency exchange rates.

For the first six months of fiscal 2016, other (income) expense, net was net income of $26.4 million compared to net income of $34.1 million in the six-month period ended October 31, 2014. This change in other (income) expense, net was primarily due to fluctuations in foreign currency exchange rates.

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Income Tax Provision

	Three Months Ended						Quarterly Change						Six Months Ended						Year-to-Date Change
	October 31,						Fiscal 2016 vs. 2015						October 31,						Fiscal 2016 vs. 2015
(in millions, except percentages)	2015			2014			Actual			Constant Currency			2015			2014			Actual			Constant Currency
Income tax provision	$	6.5		$	19.8			(67.2	)%		(66.2	)%	$	16.9		$	32.6			(48.2	)%		(46.9	)%
Effective income tax rate		175.7	%		60.2	%								23.6	%		27.3	%

The effective tax rate for the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. Our effective tax rate may fluctuate as a result of changes in the forecasted annual income level and geographical mix of our operating earnings as well as a result of acquisitions, changes in liabilities recorded for unrecognized tax benefits, changes in the valuation allowances for deferred tax assets, tax settlements with U.S. and foreign tax authorities, and the impact from changes in enacted tax laws.

Our provision for income taxes differs from the tax computed at the U.S. federal statutory rate primarily due to certain earnings considered as indefinitely reinvested in foreign operations, state taxes, and foreign earnings taxed at lower income tax rates than in the U.S.

The change in our effective tax rate for the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015 was primarily driven by a reduction in the amount of unrecognized tax benefits, a reduction in the valuation allowances for various foreign deferred tax assets, an increase in foreign earnings subject to U.S. taxes, an increase in nondeductible taxable income, and an increase in the proportion of earnings subject to lower foreign tax rates.

The change in our effective tax rate for the first six months of fiscal 2016 compared to the corresponding period of fiscal 2015 was primarily driven by a decrease in the amount of unrecognized tax benefits, an increase in the valuation allowances for various foreign deferred tax assets, an increase in foreign earnings subject to U.S. taxes, a reduction in the amount of nondeductible taxable income, and an increase in the proportion of foreign earnings subject to lower tax rates.

During fiscal 2015, we continued to examine various tax structuring alternatives that may be executed during fiscal year 2016, which would provide additional positive evidence in our valuation allowance considerations that may result in further foreign valuation releases, specifically in the Netherlands. In the Netherlands, the Company continues to remain in a 3-year cumulative loss position as of October 31, 2015 for certain subsidiaries, which constitutes significant negative evidence in our valuation allowance considerations. Based on projected future earnings, the 3-year cumulative income/loss analysis and the evaluation of certain tax planning strategies that would utilize available net operating losses prior to expiration, it is reasonably possible that sufficient positive evidence will exist during the next twelve months to release all or a significant portion of our valuation allowance on the Company’s Netherlands deferred tax assets.

Non-GAAP Financial Measure Reconciliations

Our results of operations in this Management’s Discussion and Analysis are presented in accordance with GAAP. In addition to reporting our financial results in accordance with GAAP, we present our non-GAAP revenues as well. We believe our presentation of non-GAAP revenues provides meaningful insight into our operating performance and an alternative perspective of our results of operations. We use these non-GAAP measures to assess our operating performance, to develop budgets, and to serve as a measurement for incentive compensation awards. Presentation of these non-GAAP measures allows users to review our results of operations from the same perspective as management and our Board of Directors. These non-GAAP financial measures provide users an enhanced understanding of our operations, facilitate analysis and comparisons of our current and past results of operations, facilitate comparisons of our operating results with those of our competitors and provide insight into the prospects of our future performance. We also believe that the non-GAAP measures are useful to users because they provide supplemental information that research analysts frequently use to analyze software companies including those that have recently made significant acquisitions. Additionally, certain non-GAAP disclosures are required by our lenders in our reporting to them.

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The method we use to produce non-GAAP results is not in accordance with GAAP and may differ from the methods used by other companies. These non-GAAP results should not be regarded as a substitute for corresponding GAAP measures, but instead should be utilized as a supplemental measure of operating performance in evaluating our business. Non-GAAP measures have limitations in that they do not reflect certain items that may have a material impact upon our reported financial results. As such, these non-GAAP measures should be viewed in conjunction with both our financial statements prepared in accordance with GAAP and the reconciliation of the supplemental non-GAAP financial measures to the comparable GAAP results provided for each period presented below.

Non-GAAP Revenues

	Three Months Ended October 31,				Quarterly Change Fiscal 2016 vs. 2015						Six Months Ended October 31,				Year-to-Date Change Fiscal 2016 vs. 2015
(in millions, except percentages)	2015		2014		Actual			Constant Currency			2015		2014		Actual			Constant Currency
GAAP revenues	$	663.3	$	685.6		(3.3	)%		2.7	%	$	1,303.6	$	1,438.8		(9.4	)%		(3.1	)%
Non-GAAP revenue adjustments:
Purchase accounting impact on software license fees and subscriptions		4.3		0.2								4.3		0.8
Purchase accounting impact on product updates and support fees		0.1		1.3								0.5		1.4
Purchase accounting impact on consulting services and other fees		—		0.1								—		0.3
Total non-GAAP revenue adjustments		4.4		1.6								4.8		2.5
Non-GAAP revenues	$	667.7	$	687.2		(2.8	)%		3.1	%	$	1,308.4	$	1,441.3		(9.2	)%		(3.0	)%

The non-GAAP adjustments we make to our reported GAAP revenues are primarily related to purchase accounting and other acquisition matters. These amounts reflect adjustments to increase software license fees and subscriptions, product updates and support fees, and consulting services and other fees that we would have recognized if we had not adjusted acquired deferred revenues to their fair values as required by GAAP. Certain deferred revenue for software license fees and subscriptions, product updates and support fees, and consulting services and other fees on the acquired entity’s balance sheet, at the time of the acquisition, were eliminated from our GAAP results as part of the purchase accounting for the acquisition as they do not reflect the fair value of performance obligations to us. As a result, our GAAP results do not, in management’s view, reflect all of our software license fees and subscriptions, product updates and support fees, and consulting services and other fees. We believe the inclusion of the acquisition related revenue adjustments provides users a helpful alternative view of our operations.

Liquidity and Capital Resources

(in millions, except percentages)	Six Months Ended October 31,
Cash Flows	2015			2014			Change
Cash provided by (used in):
Operating activities	$	115.5		$	60.5			90.9	%
Investing activities		(578.1	)		(31.4	)		NM
Financing activities		440.7			(124.4	)		NM
Effect of exchange rate changes on cash and cash equivalents		(5.8	)		(23.2	)		(75.0	)
Net change in cash and cash equivalents	$	(27.7	)	$	(118.5	)		(76.6	)%

* NM—Percentage not meaningful

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(in millions, except percentages) Capital Resources	October 31, 2015			April 30, 2015			Change
Working capital deficit	$	(216.1	)	$	(226.4	)		(4.5	)%
Cash and cash equivalents	$	499.0		$	526.7			(5.3	)%

Our most significant source of operating cash flows is cash collections from our customers following the purchase and renewal of their subscriptions for licensed software updates (maintenance) and product support agreements. Payments from customers for these maintenance and support agreements are generally received near the beginning of the contracts’ terms, which are generally one year in length. We also generate significant cash from new software license sales, SaaS subscription arrangements and, to a lesser extent, consulting and other services. Our primary uses of cash from operating activities are for personnel-related expenditures. We also make significant cash payments related to interest payments, taxes and leased facilities. We are highly leveraged and our liquidity requirements are significant, primarily due to debt service requirements.

As part of our business strategy, we may use cash to acquire additional companies or products from time to time to enhance our product lines, which could have a material effect on our capital resources.

In the first six months of fiscal 2016, we completed the GT Nexus Acquisition for $550.0 million, net of cash acquired. In the comparable six months last year, we completed one acquisition for a purchase price of $30.1 million, net of cash acquired. See Note 3, Acquisitions.

As of each of our reported balance sheet dates, we have reported a deficit in working capital. This deficit in working capital represents an excess of our current liabilities over our current assets and is primarily the result of the significant balance of deferred revenue, reported as a current liability, at each balance sheet date. Our deferred revenues represent the excess of our collections from, or our billings due from, our customers for which the related revenues have not yet met all the criteria necessary to be recognized as earned in our Condensed Consolidated Statements of Operations. See Note 2, Summary of Significant Accounting Policies – Revenue Recognition, in our Form 10-K/T, for a further description of those criteria.

We believe that cash flows from operations, together with our cash and cash equivalents, borrowing capacity under our revolving credit facility, will be sufficient to meet our cash requirements for working capital, capital expenditures, restructuring activities and investments for the remainder of fiscal 2016 and for the foreseeable future. At some point in the future, we may require additional funds for either operating or strategic purposes and may seek to raise the additional funds through public or private debt or equity financing. If we ever need to seek additional financing, there is no assurance that this additional financing will be available, or if available, will be on reasonable terms. If our liquidity and capital resources are insufficient to meet our requirements or fund our debt service obligations, we could face substantial liquidity problems, may not be able to generate sufficient cash to service all our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.

Cash Flows from Operating Activities

Net cash provided by operating activities for the six-month period ended October 31, 2015, was $115.5 million. Our net income adjusted for non-cash items provided $154.3 million in cash due to strong cash flows from operations, and changes in operating assets and liabilities used cash of $38.8.million. The uses of cash were primarily from a $104.1 million decrease in deferred revenue, as a portion of amounts collected in advance from customers have been earned as revenue, primarily due to the timing of maintenance renewals, as a significant portion of our U.S. maintenance renews on May 31, and a $12.2 million increase in prepaid expenses and other assets. These uses of cash were partially offset by a $38.0 million increase in accounts payable, accrued expenses and other liabilities and a $36.5 million decrease in accounts receivable, net.

Net cash provided by operating activities for the six-month period ended October 31, 2014, was $60.5 million. Our net income plus non-cash items provided $191.8 million in cash due to strong cash flows from operations, while changes in operating assets and liabilities used cash of $131.3 million. The uses of cash were primarily from a $102.9 million decrease in deferred revenue, largely due to the timing of maintenance renewals, as a significant portion of our U.S. maintenance renews on May 31, a $26.1 million increase in accounts receivable, net, and a $19.7 million decrease in accounts payable, accrued expenses and other liabilities. These uses of cash were partially offset by $22.4 million related to our income tax receivable/payable.

Cash Flows from Investing Activities

Net cash used in investing activities was $578.1 million in the six-month period ended October 31, 2015. The primary uses of cash were $549.3 million net cash used for our acquisition of GT Nexus and $28.8 million used to purchase property, equipment and software.

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Net cash used in investing activities was $31.4 million in the six-month period ended October 31, 2014. The primary uses of cash were $30.1 million net cash used for our acquisitions and $20.3 million used to purchase property, equipment and software, which was partially offset by a $19.0 million decrease in restricted cash.

Cash Flows from Financing Activities

Net cash provided by financing activities was $440.7 million in the six-month period ended October 31, 2015. The source of cash was $495.0 proceeds from the issuance of debt in connection with the GT Nexus Acquisition. This was partially offset by uses of cash, primarily $17.1 million in debt repayments, $17.0 million in dividend payments and $16.5 million in deferred financing fees related to the issuance of our Senior Secured Notes.

Net cash used in financing activities was $124.4 million in the six-month period ended October 31, 2014. The primary uses of cash were $71.6 million in debt repayments and $42.7 million dividend payments.

Effect of Exchange Rate Changes

For the six months ended October 31, 2015, changes in foreign currency exchange rates resulted in a $5.8 million decrease in our cash and cash equivalents. Exchange rate changes decreased our cash and cash equivalents by $23.2 million during the six months ended October 31, 2014.

Working Capital Deficit

Our working capital deficit, defined as current assets less current liabilities, was $216.1 million at October 31, 2015, compared to $226.4 million at April 30, 2015. At October 31, 2015, our cash decreased by $27.7 million compared to the balance at April 30, 2015. Generally, increases in current assets are considered to be uses of cash and increases in current liabilities are considered to be sources of cash. During the first six months of our fiscal 2016, the most significant changes in our current assets were a $12.9 million increase in prepaid expenses and a decrease in our accounts receivable, net, of $11.2 million. During this period, the most significant changes in our current liabilities were a decrease in deferred revenue of $89.5 million as a portion of amounts collected in advance from customers have been earned as revenue, primarily due to the timing of maintenance and support subscription renewals, and an increase in accrued expenses of $59.5 million, primarily due to the timing of interest payments related to our Senior Notes.

Cash and Cash Equivalents

As of October 31, 2015, we had $499.0 million in cash and cash equivalents including amounts in operating accounts, money market investments and other short-term, highly liquid investments with initial maturities of three months or less. As of October 31, 2015, $69.2 million of our unrestricted cash and cash equivalents are held in the U.S. The remaining $429.8 million of our unrestricted cash and cash equivalents are held in foreign countries. Under current tax laws and regulations, if cash and cash equivalents and short-term investments held outside the U.S. are distributed to the U.S. in the form of dividends or otherwise, we may be subject to additional U.S. income taxes (subject to an adjustment for foreign tax credits) and foreign withholding taxes. It is not practicable to estimate the amount of these potential additional taxes due to the complexities of the tax laws in various jurisdictions, the number of jurisdictions in which we operate, the complexity of our legal entity structure, and the hypothetical nature of the calculations.

Long-Term Debt

The following table summarizes our long-term debt balances for the periods indicated:

	October 31, 2015									April 30, 2015
(in millions)	Principal Amount			Net Amount (1)			Contractual Rate			Principal Amount			Net Amount (1)			Contractual Rate
First lien Term B-3 due June 3, 2020	$	464.3		$	460.2			3.750	%	$	466.7		$	462.2			3.750	%
First lien Term B-5 due June 3, 2020		2,460.3			2,377.6			3.750	%		2,473.0			2,382.0			3.750	%
First lien Euro Term B due June 3, 2020		372.7			367.9			4.000	%		382.3			377.0			4.000	%
6.5% senior notes due May 15, 2022		1,630.0			1,619.0			6.500	%		1,630.0			1,618.4			6.500	%
5.75% senior notes due May 15, 2022		385.2			379.8			5.750	%		393.0			387.2			5.750	%
5.75% senior secured notes due August 15, 2020		500.0			479.3			5.750	%		—			—			—
Deferred financing fees, debt discounts and premiums, net		(128.7	)		—						(118.2	)		—
Total long-term debt		5,683.8			5,683.8						5,226.8			5,226.8
Less: current portion		(0.1	)		(0.1	)					(0.1	)		(0.1	)
Total long-term debt—non-current	$	5,683.7		$	5,683.7					$	5,226.7		$	5,226.7

(1) Debt balances net of applicable unamortized debt discounts, premiums and deferred financing fees.

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As of October 31, 2015, we were in compliance with all applicable covenants included in the terms of our credit facilities and the indentures that governs our Senior Notes.

Credit Facilities

On April 5, 2012, we entered into a secured credit agreement with Infor (US), Inc. as borrower and a syndicate of certain banks and other financial institutions as lenders which consists of a secured revolving credit facility and a secured term loan facility (the Credit Agreement), which was subsequently amended. See Note 12, Debt, in notes to the consolidated financial statements for the fiscal year ended April 30, 2015, included in our Form 10-K/T, for a description of each amendment.

The credit facilities are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries, and are secured by liens on substantially all of the borrower’s assets and the assets of the guarantors. Under the Credit Agreement, we are subject to a financial maintenance covenant that is applicable only for the revolving credit facility and then only for those fiscal quarters in which we have significant borrowings under the revolving credit facility outstanding as of the last day of such fiscal quarter. This covenant would require us to maintain a total leverage ratio not to exceed certain levels as of the last day of any such fiscal quarter. We are subject to certain other customary affirmative and negative covenants as well.

Revolver

The secured revolving credit facility (the Revolver) has a maximum availability of $150.0 million. We have made no draws against the Revolver and no amounts are currently outstanding. However, $10.3 million of letters of credit have reduced the amount available under the Revolver to $139.7 million. Pursuant to the Credit Agreement, there is an undrawn line fee of 0.50% and the Revolver matures on March 31, 2017. Amounts under the Revolver may be borrowed to finance working capital needs and for general corporate purposes. While we have made no draws against the Revolver, interest on any future Revolver borrowings will be based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, or an alternate base rate, plus a margin of 1.75% per annum.

Term Loans

On January 2, 2014, we entered into a $2,550.0 million term loan (the Tranche B-5 Term Loan). Interest on the Tranche B-5 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with a LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-5 Term Loan matures on June 3, 2020.

On June 3, 2013, we entered into a $483.0 million term loan (the Tranche B-3 Term Loan). Interest on the Tranche B-3 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with an Adjusted LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-3 Term Loan matures on June 3, 2020.

On June 3, 2013, we entered into a €350.0 million term loan (the Euro Tranche B Term Loan). Interest on the Euro Tranche B Term Loan is based on a fluctuating rate of interest determined by reference to an Adjusted LIBOR rate, plus a margin of 3.0% per annum, with an Adjusted LIBOR floor of 1.0%. The Euro Tranche B Term Loan matures on June 3, 2020.

58

Interest on the term loans borrowed under the secured term loan facility (the Term Loans) is payable quarterly, in arrears. Quarterly principal payment amounts are set for each of the Term Loans with balloon payments at the applicable maturity dates. The Term Loans are subject to mandatory prepayments in certain situations.

Senior Notes

Our 6.500% and 5.750% Senior Notes (the Senior Notes) bear interest at the applicable rates per annum, which is payable semi-annually in cash in arrears, on May 15 and November 15 each year. The Senior Notes mature on May 15, 2022. The Senior Notes are general unsecured obligations of Infor (US), Inc. and are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries. Under the indenture governing the Senior Notes, we are subject to certain customary affirmative and negative covenants.

In connection with the issuance of the Senior Notes, we entered into registration rights agreements with the initial purchasers of the Senior Notes. Under the registration rights agreements, we agreed to file with the SEC a registration statement with respect to an offer to exchange the Senior Notes for a new issue of substantially identical notes no later than 365 days after the date of the original issuance of the notes on April 1, 2015.

First Lien Senior Secured Notes

On August 25, 2015, in connection with the GT Nexus Acquisition, we issued $500.0 million in aggregate principal amount of 5.750% first lien senior secured notes (the Senior Secured Notes) at an issue price of 99.000% plus accrued interest, if any, from August 25, 2015. The Senior Secured Notes mature on August 15, 2020, and bear interest at the applicable rate per annum that is payable semi-annually in cash in arrears, on February 15 and August 15 each year, beginning on February 15, 2016. The Senior Secured Notes were redeemable by Infor on or prior to November 25, 2015, at a redemption price equal to 100% of the principal amount of the notes plus accrued and unpaid interest, if any, to such redemption date.

The Senior Secured Notes are first lien senior secured obligations of Infor (US), Inc. and are fully and unconditionally guaranteed on a senior secured basis by Infor, Inc., and certain of our existing and future wholly owned domestic subsidiaries. Under the indenture governing the Senior Secured Notes, we are subject to certain customary affirmative and negative covenants.

Net proceeds from the issuance of our Senior Secured Notes, after expenses, of approximately $478.5 million were used to fund the GT Nexus Acquisition, including related transaction fees and expenses.

Restricted Cash

We had approximately $8.6 million of restricted cash as of October 31, 2015, of which approximately $1.0 million and $7.6 million have been reflected in other current assets and other assets on our Condensed Consolidated Balance Sheets, respectively.

We had approximately $8.1 million of restricted cash as of April 30, 2015, of which approximately $0.2 million and $7.9 million have been reflected in other current assets and other assets on our Condensed Consolidated Balance Sheets, respectively.

These balances related primarily to various collateral arrangements related to our property leases worldwide.

Disclosures about Contractual Obligations and Commercial Commitments

As disclosed in our Form 10-K/T, our total contractual obligations at April 30, 2015, were $7,331.4 million, not including an estimated liability for uncertain tax positions as we are unable to reasonably estimate when these amounts will ultimately be settled. There were no material additions or changes to our contractual obligations outside the ordinary course of business during the three months ended October 31, 2015, other than the issuance of our Senior Secured Notes on August 25, 2015. See Note 11, Debt – First Lien Senior Secured Notes. At October 31, 2015, we had recorded a liability for uncertain tax positions of $142.6 million. Over the next 12 months, we expect a net reduction of approximately $28.2 million of unrecognized tax benefits, primarily due to the expiration of the statutory limitation periods in the various jurisdictions. See Note 12, Income Taxes.

Off-Balance-Sheet Arrangements 

We do not have any off-balance-sheet arrangements, as defined in Item 303(a)(4)(ii) of SEC Regulation S-K that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

59

Foreign Currency

A significant portion of our business is conducted in currencies other than the U.S. Dollar, the currency in which our financial statements are stated. Significant changes in these currencies, especially the Euro and British Pound, relative to the U.S. Dollar could materially impact our revenue, operating results and financial position. We currently do not pursue hedging strategies to mitigate foreign currency exposure.

Recent Accounting Pronouncements 

See Note 2, Summary of Significant Accounting Policies, for information regarding recently issued accounting pronouncements that may impact our financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Foreign Currency

A significant portion of our business is conducted in currencies other than the U.S. Dollar, the currency in which our financial statements are stated. Accordingly, we face exposure to adverse movements in foreign currency exchange rates relative to the U.S. Dollar which could materially impact our revenue, operating results and financial position. Our international operations are, for the most part, naturally hedged against exchange rate fluctuations since the majority of revenues and expenses of each foreign affiliate are denominated in the same currency. Therefore, we do not engage in formal hedging activities related to foreign currency exchange rates, but we do periodically review the potential impact of this risk to ensure that the risks of significant potential losses remain minimal. Certain transaction gains and losses are generated from intercompany balances that are not considered to be long-term in nature that will be settled between subsidiaries. We also recognize transaction gains and losses from revaluing debt denominated in Euros and held by subsidiaries whose functional currency is the U.S. Dollar.

Our international revenues and expenses are denominated in foreign currencies, principally the Euro and British Pound. The functional currency of each of our foreign subsidiaries is the local currency. International revenues represented 42.6% and 47.1% of our total revenues for the second quarter of fiscal 2016 and 2015, respectively. International cost of revenues and operating expenses accounted for 42.0% and 46.7% of our total cost of revenues and operating expenses for the second quarter of fiscal 2016 and 2015, respectively. For the first six months of fiscal 2016 and 2015, international revenues represented 43.0% and 48.1% of our total revenues, respectively. International cost of revenues and operating expenses accounted for 43.1% and 47.6% of our total cost of revenues and operating expenses for the first six months of fiscal 2016 and 2015, respectively.

As of October 31, 2015 and April 30, 2015, a 10% adverse change in foreign exchange rates versus the U.S. Dollar would have decreased our aggregate reported cash and cash equivalents by approximately 3.8% and 3.4%, respectively. A 10% adverse change in the Euro exchange rate versus the U.S. Dollar would have decreased our aggregate reported cash and cash equivalents by approximately 2.0% and 1.1% as of October 31, 2015 and April 30, 2015, respectively. A 10% adverse change in the British Pound exchange rate versus the U.S. Dollar would have decreased our aggregate reported cash and cash equivalents by approximately 0.4% and 0.6% as of October 31, 2015 and April 30, 2015, respectively.

Interest Rates

We face exposure to changes in interest rates primarily relating to our long-term debt. As of October 31, 2015 and April 30, 2015, we had $5.7 billion and $5.2 billion, respectively, outstanding under our debt agreements. Pursuant to the terms of certain of the debt agreements we have in place at October 31, 2015, interest expense is calculated using the LIBOR or the EURIBOR rates, depending on the debt agreement. In addition, certain of our debt agreements have LIBOR or EURIBOR floors of 1.00% or 2.00%. On October 31, 2015, the three-month LIBOR and EURIBOR rates were 0.33% and -0.07%, respectively. Accordingly, we used the LIBOR/EURIBOR floors, as applicable. An increase in applicable interest rates of 50 basis points over the October 31, 2015, rates would not increase our total monthly interest expense as the LIBOR and EURIBOR floors related to our debt would not be impacted by such a change.

As part of our strategy to limit exposure to interest rate risk, primarily future variability in the three-month LIBOR, we have entered into interest rate swap agreements with notional amounts totaling $945.0 million or approximately 28.7% of our variable rate debt. We entered into the interest rate swaps for hedging purposes only to convert a portion of the interest payments on our variable rate debt to fixed rate payments, not for trading or speculation. We have designated these instruments as cash flow hedges and accounted for them accordingly. For further discussion of these derivative instruments see Note 5, Fair Value, Note 13, Comprehensive Income (Loss) and Note 15, Derivative Financial Instruments.

60

ITEM 4. CONTROLS AND PROCEDURES 

Evaluation of Disclosure Controls and Procedures

We have established and maintained disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended (the Exchange Act) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure. As required by Rule 13a-15(b) under the Exchange Act, we conducted an evaluation under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this Quarterly Report on Form 10-Q. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of October 31, 2015.

All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation and may not prevent or detect misstatements. In addition, projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) during the quarter ended October 31, 2015, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

See Note 14, Commitments and Contingencies — Litigation, for information regarding certain legal proceedings in which we are involved.

ITEM 1A. RISK FACTORS

A detailed discussion of our risk factors can be found in our Form 10-K/T, in Part I, Item 1A, Risk Factors. There have been no material changes to our risk factors since the filing of our Form 10-K/T. These risk factors could materially harm our business, operating results and financial condition. Additional factors and uncertainties not currently known to us or that we currently consider immaterial could also harm our business, operating results and financial condition.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(a) Not applicable

(b) Not applicable

(c) Not applicable

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable

ITEM 5. OTHER INFORMATION

None

61

ITEM 6. EXHIBITS

See Index to Exhibits on page 64 of this report

62

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	INFOR, INC
Date: December 11, 2015	By:	/s/ JEFFREY M. LABORDE
		Jeffrey M. Laborde
		Chief Financial Officer (principal financial officer)

63

Exhibit Index

Exhibit Number	Description of Documents
4.1†	Indenture, dated as of August 25, 2015, among Infor (US), Inc., each of the guarantors party thereto and Wilmington Trust, National Association, as trustee and as collateral agent (filed with Infor, Inc.’s Current Report on Form 8-K filed on August 27, 2015 (Reg. No. 333-183494) and incorporated herein by reference).
4.2†	Form of 5.750% First Lien Senior Secured Notes due 2020 (included as Exhibit A to Exhibit 4.1)
10.1†*	Agreement and Plan of Merger, dated August 10, 2015, between Infor (US), Inc., GT Topco, LLC, Apollo Acquisition Sub, Inc., GT Nexus, Inc. and Warburg Pincus Equity Partners Liquidating Trust (filed with Infor, Inc.’s Quarterly Report on Form 10-Q filed on September 3, 2015 (Reg. No. 333-183494) and incorporated herein by reference).
10.2†	Form of Stock Rollover and Equity Purchase Agreement, dated as of August 10, 2015, by and among GT Topco, LLC, Infor (US), Inc., and the other parties thereto (filed with Infor, Inc.’s Quarterly Report on Form 10-Q filed on September 3, 2015 (Reg. No. 333-183494) and incorporated herein by reference).
31.1	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act – Charles E. Phillips, Jr.
31.2	Certification Pursuant to Section 302 of the Sarbanes-Oxley Act – Jeffrey M. Laborde
32.1	Certification Pursuant to Section 906 of the Sarbanes-Oxley Act – Charles E. Phillips, Jr.
32.2	Certification Pursuant to Section 906 of the Sarbanes-Oxley Act – Jeffrey M. Laborde
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

† Previously filed.

* Certain schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The descriptions of the omitted schedules and exhibits are contained within the Agreement and Plan of Merger. The Company hereby agrees to furnish a copy of any omitted schedule or exhibit to the Securities and Exchange Commission upon request.

Interactive Data Files pursuant to Rule 405 of Regulation S-T. The following unaudited financial statements from Infor, Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2015, formatted in eXtensible Business Reporting Language (XBRL)—furnished not filed herewith:

i. Condensed Consolidated Balance Sheets at October 31, 2015 and April 30, 2015,

ii. Condensed Consolidated Statements of Operations for the three and six months ended October 31, 2015 and 2014,

iii. Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended October 31, 2015 and 2014,

iv. Condensed Consolidated Statements of Cash Flows for the six months ended October 31, 2015 and 2014, and

v. Notes to Condensed Consolidated Financial Statements.

64

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

I, Charles E. Phillips, Jr., certify that:

1. I have reviewed this quarterly report on Form 10-Q of Infor, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control and financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 11, 2015	/s/ CHARLES E. PHILLIPS, JR.
	Charles E. Phillips, Jr.
	Chief Executive Officer and Director

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

I, Jeffrey M. Laborde, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Infor, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control and financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: December 11, 2015	/s/ JEFFREY M. LABORDE
	Jeffrey M. Laborde
	Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO 18 U.S.C. §1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Infor, Inc. (the Company) on Form 10-Q for the period ended October 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Charles E. Phillips, Jr., Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: December 11, 2015	/s/ CHARLES E. PHILLIPS, JR.
	Charles E. Phillips, Jr.
	Chief Executive Officer and Director

EX-32.2

Exhibit 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. §1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Infor, Inc. (the Company) on Form 10-Q for the period ended October 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Jeffrey M. Laborde, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: December 11, 2015	/s/ JEFFREY M. LABORDE
	Jeffrey M. Laborde
	Chief Financial Officer

XML

Income Taxes (Tables)

6 Months Ended

Oct. 31, 2015

Income Taxes [Abstract]

Schedule of Income Tax Provision (Benefit) and Overall Effective Tax Rates

		Three Months Ended						Six Months Ended
		October 31,						October 31,
(in millions, except percentages)		2015			2014			2015			2014
Income tax provision	$	6.5		$	19.8		$	16.9		$	32.6
Effective income tax rate		175.7	%		60.2	%		23.6	%		27.3	%

XML

Fair Value (Reconciliation Of Level 3 Assets And Liabilities) (Details) $ in Millions	6 Months Ended
	Oct. 31, 2015 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Total (gain) loss recorded in earnings	$ 0.6
Ending Balance	$ 0.6

XML

Summary of Significant Accounting Policies (Allowance for Doubtful Accounts) (Details) $ in Millions	6 Months Ended
	Oct. 31, 2015 USD ($)
Summary of Significant Accounting Policies [Abstract]
Allowance for Doubtful Accounts Receivable, Beginning Balance	$ 11.9
Provision	5.2
Write-offs and recoveries	(4.8)
Currency translation effect	(0.3)
Allowance for Doubtful Accounts Receivable, Ending Balance	$ 12.0

XML

Debt (Affiliate Company Borrowings) (Details) - HoldCo Senior Notes [Member] - USD ($)		6 Months Ended
	Apr. 08, 2014	Oct. 31, 2015	Apr. 30, 2015
Debt Instrument [Line Items]
Date of original borrowings	Apr. 08, 2014
Original amounts borrowed	$ 750,000,000
Outstanding balance		$ 750,000,000	$ 750,000,000
Maturity date	May 01, 2021
Debt Instrument, Frequency of Periodic Payment		semi-annually in arrears
Proceeds from Debt, Net of Issuance Costs	$ 737,800,000
Cash Interest [Member]
Debt Instrument [Line Items]
Contractual Rate	7.125%
PIK Interest [Member]
Debt Instrument [Line Items]
Contractual Rate	7.875%

XML

Fair Value (Narrative) (Details) - USD ($) $ in Millions		Oct. 31, 2015	Apr. 30, 2015
Fair Value [Abstract]
Long-term debt, carrying value	[1]	$ 5,683.8	$ 5,226.8
Long-term debt, fair value		$ 5,600.0	$ 5,400.0

[1] Debt balances net of applicable unamortized debt discounts, premiums and deferred financing fees.

XML

Segment And Geographic Information (Schedule Of Reportable Segment Information) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015 USD ($)	Oct. 31, 2014 USD ($)	Oct. 31, 2015 USD ($) segment	Oct. 31, 2014 USD ($)
Segment Reporting Information [Line Items]
Revenues	$ 663.3	$ 685.6	$ 1,303.6	$ 1,438.8
Number of reportable segments | segment			3
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	667.7	687.2	$ 1,308.4	1,441.3
Cost of revenues	241.7	231.4	472.2	476.5
Direct sales and marketing costs	88.6	98.5	176.6	205.6
Sales margin	$ 337.4	$ 357.3	$ 659.6	$ 759.2
Sales margin %	50.50%	52.00%	50.40%	52.70%
License [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	$ 144.2	$ 133.0	$ 265.2	$ 325.6
Cost of revenues	38.6	27.9	68.7	60.1
Direct sales and marketing costs	88.6	91.3	176.6	198.4
Sales margin	$ 17.0	$ 13.8	$ 19.9	$ 67.1
Sales margin %	11.80%	10.40%	7.50%	20.60%
Maintenance [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	$ 354.4	$ 373.3	$ 711.4	$ 747.1
Cost of revenues	63.1	65.3	124.7	131.7
Sales margin	$ 291.3	$ 308.0	$ 586.7	$ 615.4
Sales margin %	82.20%	82.50%	82.50%	82.40%
Consulting [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	$ 169.1	$ 180.9	$ 331.8	$ 368.6
Cost of revenues	140.0	138.2	278.8	284.7
Direct sales and marketing costs		7.2		7.2
Sales margin	$ 29.1	$ 35.5	$ 53.0	$ 76.7
Sales margin %	17.20%	19.60%	16.00%	20.80%

XML

Nature of Business and Basis of Presentation (Summary Of The Changes In The Redeemable Noncontrolling Interests) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Oct. 31, 2015	Oct. 31, 2015
Nature of Business and Basis of Presentation [Abstract]
Beginning of period
Increase due to business combination	$ 125.0	$ 125.0
Net loss attributable to redeemable noncontrolling interests	(1.1)	(1.1)
Redemption value adjustment	3.9	3.9
End of period	$ 127.8	$ 127.8

XML

Accounts Receivable, Net (Tables)

6 Months Ended

Oct. 31, 2015

Accounts Receivable, Net [Abstract]

Schedule of Accounts Receivable, Net

		October 31,		April 30,
(in millions)		2015		2015
Accounts receivable	$	294.1	$	308.4
Unbilled accounts receivable		44.7		41.5
Less:  allowance for doubtful accounts		(12.0)		(11.9)
Accounts receivable, net	$	326.8	$	338.0

XML

Segment And Geographic Information (Schedule Of Reconciliation Of Revenue And Operating Profit From Segments To Consolidated) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Segment Reporting Information [Line Items]
Total revenues		$ 663.3	$ 685.6	$ 1,303.6	$ 1,438.8
Reportable segment sales margin		337.4	357.3	659.6	759.2
Other unallocated costs and operating expenses	[1]	179.3	173.3	339.7	359.7
Amortization of intangible assets and depreciation		58.7	61.3	115.4	126.4
Restructuring costs		6.4	3.8	8.2	11.3
Income from operations		93.0	118.9	196.3	261.8
Total other expense, net		89.3	86.0	124.7	142.6
Income before income tax		3.7	32.9	71.6	119.2
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenues		667.7	687.2	1,308.4	1,441.3
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Purchase Accounting Adjustments Fair Value Revenues	[2]	$ (4.4)	$ (1.6)	$ (4.8)	$ (2.5)

[1] Other unallocated costs and operating expenses include certain sales and marketing expenses, research and development, general and administrative, acquisition-related and other costs, equity-based compensation, as well as adjustments for deferred costs recognized related to acquired deferred revenue.

[2] Adjustments to decrease reportable segment revenue for revenue that we would have recognized had we not adjusted acquired deferred revenue as required by GAAP.

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Comprehensive Income (Loss) (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Comprehensive Income (Loss) [Abstract]
Foreign currency translation adjustment, Before Tax	$ 2.4	$ (80.0)	$ (62.4)	$ (137.3)
Change in funded status of defined benefit plans, Before Tax		0.6	0.2	1.6
Derivative instruments unrealized gain (loss), Before Tax	(2.9)	(4.1)	(4.9)	(4.9)
Amortization of derivative instruments unrealized loss, Before-Tax	3.0		5.9
Other comprehensive income (loss), Before Tax	2.5	(83.5)	(61.2)	(140.6)
Change in funded status of defined benefit plans, Income Tax (Expense) Benefit				(0.1)
Derivative instruments unrealized gain (loss), Income Tax (Expense) Benefit	1.0	1.6	1.9	1.9
Amortization of derivative instruments unrealized loss, Income Tax (Expense) Benefit	(1.1)		(2.3)
Other comprehensive income (loss), Income Tax (Expense) Benefit	(0.1)	1.6	(0.4)	1.8
Net foreign exchange gains	2.4	(80.0)	(62.4)	(137.3)
Change in funded status of defined benefit plans, Net-of-tax		0.6	0.2	1.5
Derivative instruments unrealized gain (loss), Net-of-Tax	(1.9)	(2.5)	(3.0)	(3.0)
Amortization of derivative instruments unrealized loss, Net-of-Tax	1.9		3.6
Total other comprehensive income (loss)	$ 2.4	$ (81.9)	$ (61.6)	$ (138.8)

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Supplemental Guarantor Financial Information (Condensed Consolidating Balance Sheets) (Details) - USD ($) $ in Millions		Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Oct. 31, 2014	Apr. 30, 2014
Current assets:
Cash and cash equivalents		$ 499.0		$ 526.7	$ 328.6	$ 447.1
Accounts receivable, net		326.8		338.0
Prepaid expenses		126.8		113.9
Income tax receivable		47.3		49.6
Other current assets		22.4		17.8
Deferred tax assets		38.9		30.8
Total current assets		1,061.2		1,076.8
Property and equipment, net		100.0		81.8
Intangible assets, net		1,001.1		731.0
Goodwill		4,366.0		4,045.8
Deferred tax assets		65.0		72.8
Other assets		54.3		40.3
Total assets		6,647.6		6,048.5
Current liabilities:
Accounts payable		66.1		62.4
Income taxes payable		33.6		33.5
Accrued expenses		398.6		339.1
Deferred tax liabilities		1.4		1.1
Deferred revenue		777.5		867.0
Current portion of long-term obligations	[1]	0.1		0.1
Total current liabilities		1,277.3		1,303.2
Long-term debt	[1]	5,683.7		5,226.7
Deferred tax liabilities		167.3		107.0
Other long-term liabilities		204.5		208.4
Total liabilities		7,332.8		$ 6,845.3
Redeemable noncontrolling interests		127.8
Total Infor, Inc. stockholders' equity (deficit)		(823.0)		$ (796.8)
Noncontrolling interests		10.0
Total stockholders' deficit		(813.0)		$ (796.8)
Total liabilities, redeemable noncontrolling interests and stockholders' deficit		6,647.6		6,048.5
Infor, Inc. (Parent) [Member]
Current assets:
Deferred tax assets		0.2		0.2
Total assets		0.2		0.2
Current liabilities:
Deferred tax liabilities		0.1		0.1
Affiliate payable		29.6		29.5
Total current liabilities		29.7		29.6
Affiliate payable		58.3		58.6
Losses in excess of investment in subsidiaries		735.2		708.8
Total liabilities		823.2		797.0
Total Infor, Inc. stockholders' equity (deficit)		(823.0)		$ (796.8)
Noncontrolling interests
Total stockholders' deficit		(823.0)		$ (796.8)
Total liabilities, redeemable noncontrolling interests and stockholders' deficit		0.2		0.2
Infor (US), Inc. (Subsidiary Issuer) [Member]
Current assets:
Cash and cash equivalents		56.9		86.7	58.7	136.6
Accounts receivable, net		139.8		145.5
Prepaid expenses		69.1		59.1
Income tax receivable		32.0		34.7
Other current assets		9.1		5.9
Affiliate receivable		667.3		521.8
Deferred tax assets		13.7		13.3
Total current assets		987.9		867.0
Property and equipment, net		50.6		35.9
Intangible assets, net		458.2		520.6
Goodwill		2,403.1		2,400.6
Other assets		23.5		17.3
Affiliate receivable		725.5		751.5
Investment in subsidiaries		2,104.6		1,557.9
Total assets		6,753.4		6,150.8
Current liabilities:
Accounts payable		50.3		41.3
Accrued expenses		212.2		151.0
Deferred revenue		514.9		512.4
Affiliate payable		751.4		591.3
Current portion of long-term obligations		0.1		0.1
Total current liabilities		1,528.9		1,296.1
Long-term debt		5,683.7		5,226.7
Deferred tax liabilities		66.0		86.5
Affiliate payable		131.5		169.6
Other long-term liabilities		78.5		80.7
Total liabilities		7,488.6		6,859.6
Total Infor, Inc. stockholders' equity (deficit)		(735.2)		$ (708.8)
Noncontrolling interests
Total stockholders' deficit		(735.2)		$ (708.8)
Total liabilities, redeemable noncontrolling interests and stockholders' deficit		6,753.4		6,150.8
Guarantor Subsidiaries [Member]
Current assets:
Accounts receivable, net		7.3		7.8
Prepaid expenses		18.1		12.4
Income tax receivable		0.5		0.2
Other current assets		1.1		1.3
Affiliate receivable		710.3		597.8
Deferred tax assets		4.4		4.4
Total current assets		741.7		623.9
Property and equipment, net		10.8		12.6
Intangible assets, net		3.9		5.8
Goodwill		62.5		62.5
Deferred tax assets		6.8		8.0
Other assets		13.0		3.9
Affiliate receivable		1.4		1.4
Total assets		840.1		718.1
Current liabilities:
Accounts payable				0.1
Accrued expenses		27.1		26.2
Deferred revenue		18.0		15.2
Affiliate payable		590.1		485.3
Total current liabilities		635.2		526.8
Affiliate payable		0.4		0.3
Other long-term liabilities		15.7		10.8
Total liabilities		651.3		537.9
Total Infor, Inc. stockholders' equity (deficit)		188.8		$ 180.2
Noncontrolling interests
Total stockholders' deficit		188.8		$ 180.2
Total liabilities, redeemable noncontrolling interests and stockholders' deficit		840.1		718.1
Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents		442.1		440.0	$ 269.9	$ 310.5
Accounts receivable, net		179.7		184.7
Prepaid expenses		39.6		42.4
Income tax receivable		14.8		14.6
Other current assets		12.2		10.6
Affiliate receivable		43.4		22.1
Deferred tax assets		20.9		13.2
Total current assets		752.7		727.6
Property and equipment, net		38.6		33.3
Intangible assets, net		539.0		204.6
Goodwill		1,900.4		1,582.7
Deferred tax assets		65.0		72.8
Other assets		17.8		19.1
Affiliate receivable		130.7		141.5
Total assets		3,444.2		2,781.6
Current liabilities:
Accounts payable		15.8		21.0
Income taxes payable		33.6		33.4
Accrued expenses		159.3		161.9
Deferred tax liabilities		1.4		1.1
Deferred revenue		244.6		339.4
Affiliate payable		49.9		35.6
Total current liabilities		504.6		592.4
Deferred tax liabilities		108.3		28.7
Affiliate payable		667.4		665.9
Other long-term liabilities		110.3		116.9
Total liabilities		1,390.6		1,403.9
Redeemable noncontrolling interests		127.8
Total Infor, Inc. stockholders' equity (deficit)		1,915.8		$ 1,377.7
Noncontrolling interests		10.0
Total stockholders' deficit		1,925.8		$ 1,377.7
Total liabilities, redeemable noncontrolling interests and stockholders' deficit		3,444.2		2,781.6
Eliminations [Member]
Current assets:
Income tax receivable				0.1
Affiliate receivable		(1,421.0)		(1,141.7)
Deferred tax assets		(0.1)		(0.1)
Total current assets		(1,421.1)		(1,141.7)
Deferred tax assets		(7.0)		(8.2)
Affiliate receivable		(857.6)		(894.4)
Investment in subsidiaries		(2,104.6)		(1,557.9)
Total assets		(4,390.3)		(3,602.2)
Current liabilities:
Income taxes payable				0.1
Deferred tax liabilities		(0.1)		(0.1)
Affiliate payable		(1,421.0)		(1,141.7)
Total current liabilities		(1,421.1)		(1,141.7)
Deferred tax liabilities		(7.0)		(8.2)
Affiliate payable		(857.6)		(894.4)
Losses in excess of investment in subsidiaries		(735.2)		(708.8)
Total liabilities		(3,020.9)		(2,753.1)
Total Infor, Inc. stockholders' equity (deficit)		(1,369.4)		$ (849.1)
Noncontrolling interests
Total stockholders' deficit		(1,369.4)		$ (849.1)
Total liabilities, redeemable noncontrolling interests and stockholders' deficit		$ (4,390.3)		$ (3,602.2)

[1] Debt balances net of applicable unamortized debt discounts, premiums and deferred financing fees.

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Intangible Assets (Schedule of Intangible Assets Subject to Amortization) (Details) - USD ($) $ in Millions	6 Months Ended
	Oct. 31, 2015		Apr. 30, 2015
Finite-Lived Intangible Assets [Line Items]
Gross carrying amounts	$ 3,247.1		$ 2,897.0
Accumulated amortization	2,246.0		2,166.0
Net	1,001.1	[1]	731.0
Foreign currency translation adjustments	(5.8)
Customer Contracts and Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amounts	1,991.7		1,735.2
Accumulated amortization	1,223.4		1,168.4
Net	768.3	[1]	566.8
Acquired and Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amounts	1,117.5		1,029.2
Accumulated amortization	893.7		868.5
Net	223.8	[1]	160.7
Tradenames [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amounts	137.9		132.6
Accumulated amortization	128.9		129.1
Net	$ 9.0	[1]	$ 3.5
Minimum [Member] | Customer Contracts and Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	2 years
Minimum [Member] | Acquired and Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	2 years
Minimum [Member] | Tradenames [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	1 year
Maximum [Member] | Customer Contracts and Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	15 years
Maximum [Member] | Acquired and Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	11 years
Maximum [Member] | Tradenames [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives (in years)	20 years

[1] Net intangible assets decreased from April 30, 2015 to October 31, 2015 by approximately $5.8 million due to cumulative foreign currency translation adjustments, reflecting movement in the currencies of the applicable underlying entities.

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Derivative Financial Instruments (Schedule of Derivative Instruments Fair Value - Balance Sheet) (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	Oct. 31, 2015	Apr. 30, 2015
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 945.0
Derivative Liability	(19.8)	$ (20.8)
Interest Rate Swap 1 [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 425.3
Derivative Base	2.4725%
Interest Rate Swap 1 [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (5.2)	(4.7)
Interest Rate Swap 1 [Member] | Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	(3.6)	(4.8)
Interest Rate Swap 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 212.6
Derivative Base	2.474%
Interest Rate Swap 2 [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (2.6)	(2.3)
Interest Rate Swap 2 [Member] | Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	(1.9)	(2.5)
Interest Rate Swap 3 [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 212.6
Derivative Base	2.475%
Interest Rate Swap 3 [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (2.6)	(2.4)
Interest Rate Swap 3 [Member] | Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	(1.9)	(2.0)
Interest Rate Swap 4 [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 94.5
Derivative Base	2.4725%
Interest Rate Swap 4 [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (1.1)	(1.1)
Interest Rate Swap 4 [Member] | Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (0.9)	$ (1.0)

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Related Party Transactions (Due to/from Affiliate) (Details) - USD ($) $ in Millions	6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Apr. 30, 2015
Stockholder Receivable [Member]
Related Party Transactions [Line Items]
Related party receivables	$ 36.9		$ 35.3
GGC Software Parent, Inc. [Member] | Stockholder Receivable [Member]
Related Party Transactions [Line Items]
Tax allocation agreement payment		$ 5.0
GGC Software Parent, Inc. [Member] | Affiliate Payable [Member]
Related Party Transactions [Line Items]
Tax allocation agreement payment	8.5	$ 11.7
Tax allocation agreement payable	$ 9.0		$ 6.4

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Segment And Geographic Information (Summary Of Long-Lived Tangible Assets By Geographic Region) (Details) - USD ($) $ in Millions	Oct. 31, 2015	Apr. 30, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Tangible Assets	$ 100.0	$ 81.8
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Tangible Assets	71.1	51.1
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Tangible Assets	22.3	24.6
APAC [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Tangible Assets	$ 6.6	$ 6.1

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Related Party Transactions (Dividends Paid to Affiliates) (Details) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
	Nov. 02, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Related Party Transactions [Line Items]
Dividends paid		$ 42.7	$ 17.0	$ 42.7
Accrued dividends payable			18.0
HoldCo [Member]
Related Party Transactions [Line Items]
Dividends paid				21.6
Related party interest	$ 27.3		26.7	30.1
Related party interest, paid with cash on hand	0.3		1.2
Related party interest paid with tax allocation agreement payment	$ 9.0		$ 8.5	8.5
Infor Enterprise Applications, LP [Member]
Related Party Transactions [Line Items]
Dividends paid				$ 21.1

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Derivative Financial Instruments (Schedule of Derivative Instruments Impact on OCI, AOCI, and Statement of Operations) (Details) - Interest Rate Swap [Member] - Cash Flow Hedging [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Derivative [Line Items]
Derivative Instruments, Effective portion - gain (loss) recognized in OCI	$ (2.9)	$ (4.1)	$ (4.9)	$ (4.9)
Interest Expense, Net [Member]
Derivative [Line Items]
Derivative Instruments, (Gain) loss reclassified from AOCI into net income	$ 3.0		$ 5.9

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Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Apr. 30, 2015
Income Taxes [Abstract]
Income tax provision	$ 6.5	$ 19.8	$ 16.9	$ 32.6
Effective income tax rate	175.70%	60.20%	23.60%	27.30%
Unrecognized tax benefits expected to reverse due to the expiration of statutes of limitation in various jurisdictions			$ 28.2
Deferred Tax Assets, Net	$ 103.9		$ 103.9		$ 103.6

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Nature of Business and Basis of Presentation (Policy)

6 Months Ended

Oct. 31, 2015

Nature of Business and Basis of Presentation [Abstract]

Basis of Presentation

Basis of Presentation

Our Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP) as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) and consider the various staff accounting bulletins and other applicable guidance issued by the SEC. Our Condensed Consolidated Financial Statements include the accounts of Infor, Inc. and our wholly-owned and majority-owned subsidiaries operating in the Americas, EMEA and APAC. All significant intercompany accounts and transactions have been eliminated.  

The unaudited Condensed Consolidated Financial Statements and Notes are presented as permitted by FASB requirements for quarterly reports and do not contain all the information and disclosures included in our annual financial statements and related notes as required by GAAP. The Condensed Consolidated Balance Sheet data as of April 30, 2015, and other amounts presented herein as of April 30, 2015, or for the year then ended, were derived from our audited financial statements.  The accompanying Condensed Consolidated Financial Statements reflect all adjustments, in the opinion of management, necessary to fairly state our financial position, results of operations and cash flows for the periods presented. These adjustments consist of normal and recurring items. The results of operations for our interim periods are not necessarily indicative of results to be achieved for any future interim period or for our full fiscal year. The accompanying interim Condensed Consolidated Financial Statements should be read in conjunction with our consolidated financial statements and related notes for the fiscal year ended April 30, 2015, included in our Form 10-K/T.

Noncontrolling Interest

Noncontrolling Interest

We consolidate our majority-owned subsidiaries and reflect redeemable noncontrolling interests and noncontrolling interests on our Condensed Consolidated Balance Sheets for the portion of those entities that we do not own as mezzanine equity on our Condensed Consolidated Balance Sheets and as a component of consolidated equity separate from the equity attributable to Infor, Inc.’s stockholders, respectively. The redeemable noncontrolling interests’ and noncontrolling interests' share in our net earnings are included in net income (loss) attributable to noncontrolling interests in our Condensed Consolidated Statements of Operations and their portion of comprehensive income (loss) is included in comprehensive income (loss) attributable to noncontrolling interests in our Condensed Consolidated Statements of Comprehensive Income (Loss).

All noncontrolling interests with redemption features, such as put options, that are not solely within our control (redeemable noncontrolling interests) are reported as mezzanine equity on our Condensed Consolidated Balance Sheet, between liabilities and equity, at the greater of redemption value or initial carrying value. The redeemable noncontrolling interests that we are reporting relate to an 18.52% interest in GT Nexus, Inc. (GT Nexus) that Infor does not own. See Note 3, Acquisitions. The noncontrolling interests that we are reporting relate to a minority interest held in an international subsidiary acquired in the GT Nexus Acquisition (as defined below).

The following is a summary of the changes in the redeemable noncontrolling interests for the periods indicated:

		Three Months Ended		Six Months Ended
		October 31,		October 31,
(in millions)		2015		2015
Beginning of period	$	-	$	-
Increase due to business combination		125.0		125.0
Net loss attributable to redeemable noncontrolling interests		(1.1)		(1.1)
Redemption value adjustment		3.9		3.9
End of period	$	127.8	$	127.8

Business Segments

Business Segments 

We view our operations and manage our business as three reportable segments: License, Maintenance, and Consulting. We determine our reportable operating segments in accordance with the provisions in the FASB guidance on segment reporting, which establishes standards for, and requires disclosure of, certain financial information related to reportable operating segments and geographic regions. See Note 16, Segment and Geographic Information.  

Use of Estimates

Use of Estimates

The preparation of financial statements in accordance with GAAP requires us to make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are based upon information available to us at the time that they are made and are believed to be reliable. These estimates, judgments and assumptions can affect the reported amounts of our assets and liabilities as of the date of the financial statements as well as the reported amounts of our revenues and expenses during the periods presented. On an on-going basis we evaluate our estimates and assumptions, including, but not limited to, those related to revenue recognition, allowance for doubtful accounts and sales returns, fair value of equity-based compensation, fair value of acquired intangible assets and goodwill, fair value of contingent consideration related to our acquisitions, useful lives of intangible assets and property and equipment, income taxes, restructuring obligations, contingencies and litigation, and fair value of derivative financial instruments. We believe these estimates and assumptions are reasonable under the circumstances and they form a basis for making judgments about the carrying values of our assets and liabilities that are not readily apparent from other sources. Differences between these estimates, judgments or assumptions and actual results could materially impact our financial statements. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application.

Fiscal Year

Fiscal Year

Our fiscal year is from May 1 through April 30 and the second quarter of each fiscal year is from August 1 through October 31. Unless otherwise stated, references to the years 2016 and 2015 relate to our fiscal years ended April 30, 2016 and 2015, respectively. References to future years also relate to our fiscal years ending April 30.

Prior to fiscal 2015, our fiscal year had historically been from June 1 through May 31. Beginning in the first quarter of fiscal 2015, we changed our fiscal year end from May 31 to April 30.  This change was effective beginning June 1, 2014, the start of our fiscal year 2015, which ended on April 30, 2015. As a result of this change, for fiscal year 2015 we reported an eleven month transition period from June 1, 2014 to April 30, 2015. Beginning with the first quarter of our fiscal year 2015, we reported our quarterly results in our Quarterly Reports on Form 10-Q based on our new fiscal calendar. Accordingly, as a result of the change in our fiscal year end, our results for the six months ended October 31, 2014 included the results of May 2014, the last month of our previously reported fiscal year 2014.

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Acquisitions (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
	Sep. 18, 2015	Oct. 31, 2015	Oct. 31, 2015	Apr. 30, 2015	Sep. 02, 2014
Business Acquisition [Line Items]
Goodwill		$ 4,366.0	$ 4,366.0	$ 4,045.8
Contingent consideration - Fair value		0.6	0.6	$ 0.0
Contingent consideration - Minimum payout		0.0	0.0
Contingent consideration - Maximum payout		10.0	$ 10.0
Tradenames [Member] | Minimum [Member]
Business Acquisition [Line Items]
Weighted average estimated useful life			1 year
Tradenames [Member] | Maximum [Member]
Business Acquisition [Line Items]
Weighted average estimated useful life			20 years
Saleslogix [Member]
Business Acquisition [Line Items]
Cash purchase consideration, net of cash acquired					$ 30.1
Identifiable intangible assets			$ 13.4
Goodwill		18.2	$ 18.2
Saleslogix [Member] | Technology [Member]
Business Acquisition [Line Items]
Weighted average estimated useful life			5 years
Saleslogix [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Weighted average estimated useful life			7 years
GT Nexus, Inc. [Member]
Business Acquisition [Line Items]
Majority ownership stake	81.48%
Cash purchase consideration, net of cash acquired	$ 550.0
Contributed revenues		13.1
Contributed net loss		5.8
Transaction and merger related integration costs			$ 10.6
Acquired AR - Gross		37.1	37.1
Acquired AR allowance		0.6	0.6
Goodwill	369.9
Puttable redeemable noncontrolling interests, redemption price		150.0	$ 150.0
Accretion of redeemable noncontrolling interests, period			1 year
Long-term liabilities assumed	$ 87.7
GT Nexus, Inc. [Member] | Technology [Member]
Business Acquisition [Line Items]
Weighted average estimated useful life			3 years
GT Nexus, Inc. [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Weighted average estimated useful life			6 years
GT Nexus, Inc. [Member] | Tradenames [Member]
Business Acquisition [Line Items]
Weighted average estimated useful life			3 years
Platform Settlement Services, LLC [Member]
Business Acquisition [Line Items]
Cash in transit		$ 16.5	$ 16.5
5.75% Senior Secured Notes due August 15, 2020 [Member]
Business Acquisition [Line Items]
Contractual Rate		5.75%	5.75%

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Segment and Geographic Information (Tables)

6 Months Ended

Oct. 31, 2015

Segment and Geographic Information [Abstract]

Schedule of Reportable Segment Information

(in millions, except percentages)		Reportable Segment
Three Months Ended		License		Maintenance		Consulting		Total
October 31, 2015
Revenues	$	144.2	$	354.4	$	169.1	$	667.7
Cost of revenues		38.6		63.1		140.0		241.7
Direct sales and marketing costs		88.6		-		-		88.6
Sales margin	$	17.0	$	291.3	$	29.1	$	337.4
Sales margin %		11.8%		82.2%		17.2%		50.5%

October 31, 2014
Revenues	$	133.0	$	373.3	$	180.9	$	687.2
Cost of revenues		27.9		65.3		138.2		231.4
Direct sales and marketing costs		91.3		-		7.2		98.5
Sales margin	$	13.8	$	308.0	$	35.5	$	357.3
Sales margin %		10.4%		82.5%		19.6%		52.0%

(in millions, except percentages)		Reportable Segment
Six Months Ended		License		Maintenance		Consulting		Total
October 31, 2015
Revenues	$	265.2	$	711.4	$	331.8	$	1,308.4
Cost of revenues		68.7		124.7		278.8		472.2
Direct sales and marketing costs		176.6		-		-		176.6
Sales margin	$	19.9	$	586.7	$	53.0	$	659.6
Sales margin %		7.5%		82.5%		16.0%		50.4%

October 31, 2014
Revenues	$	325.6	$	747.1	$	368.6	$	1,441.3
Cost of revenues		60.1		131.7		284.7		476.5
Direct sales and marketing costs		198.4		-		7.2		205.6
Sales margin	$	67.1	$	615.4	$	76.7	$	759.2
Sales margin %		20.6%		82.4%		20.8%		52.7%

Schedule of Reconciliation of Revenue and Operating Profit from Segments to Consolidated

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
Reportable segment revenues	$	667.7	$	687.2	$	1,308.4	$	1,441.3
Purchase accounting revenue adjustments (1)		(4.4)		(1.6)		(4.8)		(2.5)
Total revenues	$	663.3	$	685.6	$	1,303.6	$	1,438.8
Reportable segment sales margin	$	337.4	$	357.3	$	659.6	$	759.2
Other unallocated costs and operating expenses (2)		179.3		173.3		339.7		359.7
Amortization of intangible assets and depreciation		58.7		61.3		115.4		126.4
Restructuring costs		6.4		3.8		8.2		11.3
Income from operations		93.0		118.9		196.3		261.8
Total other expense, net		89.3		86.0		124.7		142.6
Income before income tax	$	3.7	$	32.9	$	71.6	$	119.2

 

(1)Adjustments to decrease reportable segment revenue for revenue that we would have recognized had we not adjusted acquired deferred revenue as required by GAAP.

(2)Other unallocated costs and operating expenses include certain sales and marketing expenses, research and development, general and administrative, acquisition-related and other costs, equity-based compensation, as well as adjustments for deferred costs recognized related to acquired deferred revenue.

Schedule of Revenues by Geographic Areas

(in millions)		Geographic Region
Three Months Ended		Americas		EMEA		APAC		Total
October 31, 2015
Software license fees and subscriptions	$	97.9	$	33.0	$	9.0	$	139.9
Product updates and support fees		229.0		99.4		25.9		354.3
Software revenues		326.9		132.4		34.9		494.2
Consulting services and other fees		92.5		64.3		12.3		169.1
Total revenues	$	419.4	$	196.7	$	47.2	$	663.3

October 31, 2014
Software license fees and subscriptions	$	85.2	$	37.3	$	10.3	$	132.8
Product updates and support fees		231.5		110.4		30.1		372.0
Software revenues		316.7		147.7		40.4		504.8
Consulting services and other fees		90.9		74.5		15.4		180.8
Total revenues	$	407.6	$	222.2	$	55.8	$	685.6

(in millions)		Geographic Region
Six Months Ended		Americas		EMEA		APAC		Total
October 31, 2015
Software license fees and subscriptions	$	185.5	$	59.0	$	16.4	$	260.9
Product updates and support fees		459.6		198.6		52.7		710.9
Software revenues		645.1		257.6		69.1		971.8
Consulting services and other fees		177.7		129.2		24.9		331.8
Total revenues	$	822.8	$	386.8	$	94.0	$	1,303.6

October 31, 2014
Software license fees and subscriptions	$	201.8	$	93.0	$	30.0	$	324.8
Product updates and support fees		459.5		225.9		60.3		745.7
Software revenues		661.3		318.9		90.3		1,070.5
Consulting services and other fees		179.3		156.6		32.4		368.3
Total revenues	$	840.6	$	475.5	$	122.7	$	1,438.8

Schedule Long-lived Tangible Assets by Geographic Areas

		Geographic Region
(in millions)		Americas		EMEA		APAC		Total
October 31, 2015	$	71.1	$	22.3	$	6.6	$	100.0
April 30, 2015	$	51.1	$	24.6	$	6.1	$	81.8

Schedule of Revenue by Country

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
United States	$	380.7	$	362.5	$	743.5	$	747.0
All other countries		282.6		323.1		560.1		691.8
Total revenues	$	663.3	$	685.6	$	1,303.6	$	1,438.8

Schedule of Long-lived Tangible Assets by Country

		October 31,		April 30,
(in millions)		2015		2015
United States	$	69.1	$	48.5
All other countries		30.9		33.3
Total long-lived tangible assets	$	100.0	$	81.8

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Derivative Financial Instruments (Details) - USD ($) $ in Millions	6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$ 11.5
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	12 months
Maximum Length of Time Hedged in Cash Flow Hedge	2 years
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 945.0
Derivative, Forward Effective Date	Mar. 31, 2015
Derivative, Term of Contract	30 months
Derivative, Maturity Date	Sep. 29, 2017
Debt Instrument Interest Reference Rate - Minimum	1.25%
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0.0	$ 0.0

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Restructuring Charges (Tables)

6 Months Ended

Oct. 31, 2015

Restructuring Charges [Abstract]

Schedule of Restructuring Activity

						Adjustment to Costs										Total
		Balance						Foreign				Balance		Total Costs		Expected
		April 30,		Initial				Currency		Cash		October 31,		Recognized		Program
(in millions)		2015		Costs		Expense		Effect		Payments		2015		to Date		Costs
Fiscal 2016 restructuring
Severance	$	-	$	5.7	$	-	$	(0.1)	$	(1.8)	$	3.8	$	5.7	$	5.7
Facilities and other		-		1.8		-		(0.1)		-		1.7		1.6		1.6
Total fiscal 2016 restructuring		-		7.5		-		(0.2)		(1.8)		5.5		7.3		7.3
Fiscal 2016 acquisition-related
Severance		-		0.9		-		-		-		0.9		0.9		0.9
Total fiscal 2016 acquisition-related		-		0.9		-		-		-		0.9		0.9		0.9
Fiscal 2015 restructuring
Severance		2.2		-		(0.4)		-		(1.3)		0.5		10.2		10.2
Total fiscal 2015 restructuring		2.2		-		(0.4)		-		(1.3)		0.5		10.2		10.2
Previous restructuring
Severance		0.6		-		(0.1)		-		(0.2)		0.3		31.4		31.4
Facilities and other		0.3		-		0.1		-		(0.3)		0.1		2.3		2.3
Total previous restructuring		0.9		-		-		-		(0.5)		0.4		33.7		33.7
Previous acquisition-related
Severance		0.4		-		-		-		-		0.4		40.5		40.5
Facilities and other		0.4		-		0.2		-		(0.4)		0.2		4.0		4.0
Total previous acquisition-related		0.8		-		0.2		-		(0.4)		0.6		44.5		44.5
Total restructuring	$	3.9	$	8.4	$	(0.2)	$	(0.2)	$	(4.0)	$	7.9	$	96.6	$	96.6

Schedule of Restructuring Charges by Segment

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
License	$	0.6	$	2.2	$	1.6	$	4.9
Maintenance		0.6		0.5		1.2		1.0
Consulting		1.0		(0.5)		1.1		4.3
General and administrative and other functions		4.2		1.6		4.3		1.1
Total restructuring costs	$	6.4	$	3.8	$	8.2	$	11.3

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Goodwill (Details) $ in Millions	6 Months Ended
	Oct. 31, 2015 USD ($)
Goodwill [Line Items]
Beginning Balance	$ 4,045.8
Goodwill acquired	369.9
Currency translation effect	(49.7)
Ending Balance	4,366.0
Goodwill impairment	0.0
Accumulated impairment charges	0.0
License [Member]
Goodwill [Line Items]
Beginning Balance	931.5
Goodwill acquired	336.5
Currency translation effect	(10.2)
Ending Balance	1,257.8
Maintenance [Member]
Goodwill [Line Items]
Beginning Balance	2,851.7
Currency translation effect	(36.3)
Ending Balance	2,815.4
Consulting [Member]
Goodwill [Line Items]
Beginning Balance	262.6
Goodwill acquired	33.4
Currency translation effect	(3.2)
Ending Balance	$ 292.8

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Debt (Revolver) (Details) $ in Millions	6 Months Ended
	Oct. 31, 2015 USD ($)
Line of Credit Facility [Line Items]
Long-term Line of Credit	$ 0.0
Credit Facilities [Member]
Line of Credit Facility [Line Items]
Date of original borrowings	Apr. 05, 2012
Infor Revolver [Member]
Line of Credit Facility [Line Items]
Revolver maximum availability	$ 150.0
Outstanding letters of credit	10.3
Current revolver availability	$ 139.7
Undrawn line fee	0.50%
Maturity date	Mar. 31, 2017
Base Rate [Member] | Infor Revolver [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
London Interbank Offered Rate (LIBOR) [Member] | Infor Revolver [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%

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Equity-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated equity-based compensation expense	$ 1.9	$ 5.8	$ 3.2	$ 13.0
Cost of software license fees and subscriptions [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated equity-based compensation expense		0.2		0.2
Cost of product updates and support fees [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated equity-based compensation expense		0.2	0.1	0.6
Cost of consulting services and other fees [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated equity-based compensation expense		0.3		0.3
Sales and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated equity-based compensation expense	0.4	1.7	0.7	3.5
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated equity-based compensation expense	0.3	1.1	0.6	2.6
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated equity-based compensation expense	$ 1.2	$ 2.3	$ 1.8	$ 5.8

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Summary of Significant Accounting Policies (SAAS and FX) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Accounting Policies [Line Items]
Software license fees and subscriptions	$ 139.9	$ 132.8	$ 260.9	$ 324.8
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	2.4	(80.0)	(62.4)	(137.3)
Net foreign exchange gains (losses)	(10.8)	2.0	26.1	34.0
Software-as-a-Service ("SaaS") [Member]
Accounting Policies [Line Items]
Software license fees and subscriptions	$ 53.5	$ 26.8	$ 93.0	$ 52.9

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Acquisitions

6 Months Ended

Oct. 31, 2015

Acquisitions [Abstract]

Acquisitions

3. Acquisitions

Fiscal 2016

On September 18, 2015, we acquired a majority ownership stake of 81.48% in GT Nexus, for $550.0 million, net of cash acquired (GT Nexus Acquisition). GT Nexus is a cloud-based supply chain management firm based in Oakland, California. GT Nexus is the cloud platform that some of the world’s largest companies, across many sectors, including manufacturing and retail, use to monitor and orchestrate their global supply chains including automation of sourcing, trade finance and logistics operations. The GT Nexus Acquisition complemented and further expanded our global SCM offerings.  The results of operations of GT Nexus have been included in our results of operations from the date of the GT Nexus Acquisition. GT Nexus contributed revenues of $13.1 million and net loss of $5.8 million related to their operations in the second quarter of fiscal 2016.

The total consideration for the GT Nexus Acquisition was funded through the issuance of our 5.75% senior secured notes due 2020 (see Note 11, Debt – Senior Secured Notes), together with cash on hand and equity issued to certain shareholders and management of GT Nexus.  Transaction and merger related integration costs of $10.6 million associated with the GT Nexus Acquisition were expensed as incurred and are reflected in our results of operations for the six months ended October 31, 2015, in acquisition-related and other costs. In addition, in the second quarter of fiscal 2016, we took certain actions relating to GT Nexus’ operations to eliminate redundancies, improve our operational efficiency and reduce our operating costs. We may take additional actions in future periods related to GT Nexus as we integrate its operations. See Note 10, Restructuring Charges. The excess of the consideration transferred over the fair values of the net assets acquired and liabilities assumed was recorded as goodwill, which represents operating efficiencies expected to be realized.  

The following table summarizes our allocation of the GT Nexus purchase consideration:

(in millions)
Cash	$	14.8
Accounts receivable		36.5
Other current assets		13.9
Identified intangible assets:
Existing technology		93.3
Existing customer relationships		273.5
Tradenames		5.9
Other non-current assets		9.0
Goodwill		369.9
Deferred revenue		(11.3)
Current liabilities assumed		(32.6)
Long-term liabilities assumed		(87.7)
Noncontrolling interests		(10.2)
Total fair value of net assets acquired		675.0
Less fair value of redeemable noncontrolling interests		(125.0)
Purchase consideration	$	550.0

Our estimates of fair value and resulting allocation of purchase price related to the GT Nexus Acquisition are preliminary as of October 31, 2015. We are in the process of finalizing the valuation of certain assets and liabilities, primarily income tax liabilities, and as a result the final allocation of the adjusted purchase price may differ from the information presented in these Condensed Consolidated Financial Statements. As of October 31, 2015, based on our current estimation of fair values, the gross contractual accounts receivable at the acquisition date was $37.1 million and our best estimate of the contractual cash flows not expected to be collected at that date was $0.6 million. The acquired intangible assets relating to GT Nexus’ existing technology, existing customer relationships and tradenames are being amortized over their weighted average estimated useful lives of approximately three years, six years and three years, respectively. We have determined that the goodwill arising from the GT Nexus Acquisition will not be deductible for tax purposes.

As explained above, we acquired an 81.48% majority stake in GT Nexus.  The redeemable noncontrolling interests have redemption features, both call options exercisable by the Company and put options exercisable by the redeemable noncontrolling interest holders.  Given that the noncontrolling interests are redeemable at the option of the holders, they are reported in the mezzanine section between liabilities and equity on our Condensed Consolidated Balance Sheets.  The redeemable noncontrolling interests are puttable at a redemption price of $150.0 million on the first anniversary of the acquisition date.  Therefore, we are accreting the redeemable noncontrolling interests, using the effective interest method, from the acquisition date fair value to the redemption value over a one-year period.  Accretion adjustments to the carrying value of the redeemable noncontrolling interests are considered deemed dividends and are recorded against additional paid-in capital.

GT Nexus has a wholly-owned subsidiary, Platform Settlement Services, LLC (PSS), which is a bankruptcy-remote special purpose entity.  PSS was established for the purpose of facilitating the settlement of transactions between GT Nexus customers and their supply chain providers.  PSS acts as a collection and paying agent, receiving funds from customers and forwarding to appropriate credit parties.  PSS is a custodian of the cash received from its customers and has no legal ownership rights to the funds held in such custodial accounts.  Therefore, the Company does not report any cash in transit in the bank accounts of PSS at period end, nor any cash movements during a reporting period, in our Condensed Consolidated Financial Statements.  The balance of cash in transit in custodial accounts held by PSS at October 31, 2015, was $16.5 million.

Fiscal 2015

On September 2, 2014, we acquired the assets of Saleslogix, a division of privately held Swiftpage, Inc., for approximately $30.1 million, net of cash acquired. Based in Scottsdale, Arizona, Saleslogix is a provider of SaaS CRM software accessible via mobile devices, desktops, and laptops. The acquisition of Saleslogix complemented our CRM product offerings and added additional sales and service functionality to our industry-focused Infor CloudSuites in the CRM market. The operating results related to this acquisition have been included in our Condensed Consolidated Financial Statements from the acquisition date. 

We recorded approximately $13.4 million of identifiable intangible assets and $18.2 million of goodwill related to our acquisition of Saleslogix. The acquired intangible assets relating to Saleslogix’s existing technology and customer relationships are being amortized over their weighted average estimated useful lives of approximately five and seven years, respectively. We have determined that the goodwill arising from this acquisition will be deductible for tax purposes.

Contingent Consideration

The purchase consideration related to one of our pre-fiscal 2015 acquisitions includes additional contingent cash consideration payable to the sellers if certain future performance conditions are met as detailed in the applicable agreement.  The change in the estimated fair value of the contingent consideration, during the contingency period through settlement, is recorded in our results of operations in the period of such change and is included in acquisition-related and other costs in our Consolidated Statements of Operations.  As of April 30, 2015, we estimated that no further payments would be required under the contingent consideration arrangement due to the probability of meeting such results and reduced our contingent consideration liability to$0.0 million. In the first quarter of fiscal 2016, we renegotiated the provisions of the applicable contingent consideration agreement with the sellers.  As a result of these negotiations, we agreed to an additional one-year contingency period that runs through fiscal 2016 and redefined certain of the contingency conditions.  Based on the renegotiated agreement, we estimated the fair value of the remaining contingent consideration to be $0.6 million as of October 31, 2015.   The potential undiscounted amount of future payments that we may be required to make related to the contingent consideration arrangement is between $0.0 and $10.0 million.

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Restructuring Charges (Narrative) (Details) $ in Millions	6 Months Ended
	Oct. 31, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 8.4
Adjustment to Costs - Expense	(0.2)
Cash Payments	4.0
Fiscal 2016 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	7.5
Cash Payments	1.8
Fiscal 2016 Acquisition-related [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	0.9
Cash Payments	0.0
Fiscal 2015 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Adjustment to Costs - Expense	(0.4)
Cash Payments	1.3
Previous Restructuring And Acquisition Related Charges [Member]
Restructuring Cost and Reserve [Line Items]
Adjustment to Costs - Expense	0.2
Cash Payments	$ 0.9

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Related Party Transactions (Tables)

6 Months Ended

Oct. 31, 2015

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
Golden Gate Capital	$	1.4	$	1.5	$	2.8	$	3.0
Summit Partners		0.5		0.5		1.0		1.0
Total management fees and expenses	$	1.9	$	2.0	$	3.8	$	4.0

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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Oct. 31, 2015

Summary of Significant Accounting Policies [Abstract]

Rollforward of Allowance for Doubtful Accounts

(in millions)
Balance, April 30, 2015	$	11.9
Provision		5.2
Write-offs and recoveries		(4.8)
Currency translation effect		(0.3)
Balance, October 31, 2015	$	12.0

Rollforward of Sales Reserve

(in millions)
Balance, April 30, 2015	$	7.3
Provision		4.2
Write-offs		(3.0)
Balance, October 31, 2015	$	8.5

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Nature of Business and Basis of Presentation (Tables)

6 Months Ended

Oct. 31, 2015

Nature of Business and Basis of Presentation [Abstract]

Summary Of The Changes In The Redeemable Noncontrolling Interests

		Three Months Ended		Six Months Ended
		October 31,		October 31,
(in millions)		2015		2015
Beginning of period	$	-	$	-
Increase due to business combination		125.0		125.0
Net loss attributable to redeemable noncontrolling interests		(1.1)		(1.1)
Redemption value adjustment		3.9		3.9
End of period	$	127.8	$	127.8

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Accounts Receivable, Net (Details) - USD ($) $ in Millions	Oct. 31, 2015	Apr. 30, 2015
Accounts Receivable, Net [Abstract]
Accounts receivable	$ 294.1	$ 308.4
Unbilled accounts receivable	44.7	41.5
Less: allowance for doubtful accounts	(12.0)	(11.9)
Accounts receivable, net	$ 326.8	$ 338.0

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Supplemental Guarantor Financial Information (Tables)

6 Months Ended

Oct. 31, 2015

Supplemental Guarantor Financial Information [Abstract]

Schedule of Condensed Consolidating Balance Sheets

 Condensed Consolidating Balance Sheets  

		October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	56.9	$	-	$	442.1	$	-	$	499.0
Accounts receivable, net		-		139.8		7.3		179.7		-		326.8
Prepaid expenses		-		69.1		18.1		39.6		-		126.8
Income tax receivable		-		32.0		0.5		14.8		-		47.3
Other current assets		-		9.1		1.1		12.2		-		22.4
Affiliate receivable		-		667.3		710.3		43.4		(1,421.0)		-
Deferred tax assets		-		13.7		4.4		20.9		(0.1)		38.9
Total current assets		-		987.9		741.7		752.7		(1,421.1)		1,061.2
Property and equipment, net		-		50.6		10.8		38.6		-		100.0
Intangible assets, net		-		458.2		3.9		539.0		-		1,001.1
Goodwill		-		2,403.1		62.5		1,900.4		-		4,366.0
Deferred tax assets		0.2		-		6.8		65.0		(7.0)		65.0
Other assets		-		23.5		13.0		17.8		-		54.3
Affiliate receivable		-		725.5		1.4		130.7		(857.6)		-
Investment in subsidiaries		-		2,104.6		-		-		(2,104.6)		-
Total assets	$	0.2	$	6,753.4	$	840.1	$	3,444.2	$	(4,390.3)	$	6,647.6
LIABILITIES AND STOCKHOLDERS'
DEFICIT
Current liabilities:
Accounts payable	$	-	$	50.3	$	-	$	15.8	$	-	$	66.1
Income taxes payable		-		-		-		33.6		-		33.6
Accrued expenses		-		212.2		27.1		159.3		-		398.6
Deferred tax liabilities		0.1		-		-		1.4		(0.1)		1.4
Deferred revenue		-		514.9		18.0		244.6		-		777.5
Affiliate payable		29.6		751.4		590.1		49.9		(1,421.0)		-
Current portion of long-term obligations		-		0.1		-		-		-		0.1
Total current liabilities		29.7		1,528.9		635.2		504.6		(1,421.1)		1,277.3
Long-term debt		-		5,683.7		-		-		-		5,683.7
Deferred tax liabilities		-		66.0		-		108.3		(7.0)		167.3
Affiliate payable		58.3		131.5		0.4		667.4		(857.6)		-
Other long-term liabilities		-		78.5		15.7		110.3		-		204.5
Losses in excess of investment in subsidiaries		735.2		-		-		-		(735.2)		-
Total liabilities		823.2		7,488.6		651.3		1,390.6		(3,020.9)		7,332.8
Redeemable noncontrolling interests		-		-		-		127.8		-		127.8
Total Infor, Inc. stockholders' equity (deficit)		(823.0)		(735.2)		188.8		1,915.8		(1,369.4)		(823.0)
Noncontrolling interests		-		-		-		10.0		-		10.0
Total stockholders' equity (deficit)		(823.0)		(735.2)		188.8		1,925.8		(1,369.4)		(813.0)
Total liabilities, redeemable noncontrolling
interests and stockholders' equity (deficit)	$	0.2	$	6,753.4	$	840.1	$	3,444.2	$	(4,390.3)	$	6,647.6

		April 30, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	86.7	$	-	$	440.0	$	-	$	526.7
Accounts receivable, net		-		145.5		7.8		184.7		-		338.0
Prepaid expenses		-		59.1		12.4		42.4		-		113.9
Income tax receivable		-		34.7		0.2		14.6		0.1		49.6
Other current assets		-		5.9		1.3		10.6		-		17.8
Affiliate receivable		-		521.8		597.8		22.1		(1,141.7)		-
Deferred tax assets		-		13.3		4.4		13.2		(0.1)		30.8
Total current assets		-		867.0		623.9		727.6		(1,141.7)		1,076.8
Property and equipment, net		-		35.9		12.6		33.3		-		81.8
Intangible assets, net		-		520.6		5.8		204.6		-		731.0
Goodwill		-		2,400.6		62.5		1,582.7		-		4,045.8
Deferred tax assets		0.2		-		8.0		72.8		(8.2)		72.8
Other assets		-		17.3		3.9		19.1		-		40.3
Affiliate receivable		-		751.5		1.4		141.5		(894.4)		-
Investment in subsidiaries		-		1,557.9		-		-		(1,557.9)		-
Total assets	$	0.2	$	6,150.8	$	718.1	$	2,781.6	$	(3,602.2)	$	6,048.5
LIABILITIES AND STOCKHOLDERS'
DEFICIT
Current liabilities:
Accounts payable	$	-	$	41.3	$	0.1	$	21.0	$	-	$	62.4
Income taxes payable		-		-		-		33.4		0.1		33.5
Accrued expenses		-		151.0		26.2		161.9		-		339.1
Deferred tax liabilities		0.1		-		-		1.1		(0.1)		1.1
Deferred revenue		-		512.4		15.2		339.4		-		867.0
Affiliate payable		29.5		591.3		485.3		35.6		(1,141.7)		-
Current portion of long-term obligations		-		0.1		-		-		-		0.1
Total current liabilities		29.6		1,296.1		526.8		592.4		(1,141.7)		1,303.2
Long-term debt		-		5,226.7		-		-		-		5,226.7
Deferred tax liabilities		-		86.5		-		28.7		(8.2)		107.0
Affiliate payable		58.6		169.6		0.3		665.9		(894.4)		-
Other long-term liabilities		-		80.7		10.8		116.9		-		208.4
Losses in excess of investment in subsidiaries		708.8		-		-		-		(708.8)		-
Total liabilities		797.0		6,859.6		537.9		1,403.9		(2,753.1)		6,845.3
Redeemable noncontrolling interests												-
Total Infor, Inc. stockholders' equity (deficit)		(796.8)		(708.8)		180.2		1,377.7		(849.1)		(796.8)
Noncontrolling interests		-		-		-		-		-		-
Total stockholders' equity (deficit)		(796.8)		(708.8)		180.2		1,377.7		(849.1)		(796.8)
Total liabilities, redeemable noncontrolling
interests and stockholders' equity (deficit)	$	0.2	$	6,150.8	$	718.1	$	2,781.6	$	(3,602.2)	$	6,048.5

Schedule of Condensed Consolidating Statements of Operations

Condensed Consolidating Statements of Operations  

		Three Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	81.9	$	1.1	$	56.9	$	-	$	139.9
Product updates and support fees		-		209.1		7.7		137.5		-		354.3
Software revenues		-		291.0		8.8		194.4		-		494.2
Consulting services and other fees		-		78.7		3.9		86.5		-		169.1
Total revenues		-		369.7		12.7		280.9		-		663.3
Operating expenses:
Cost of software license fees and subscriptions		-		25.5		2.0		11.6		0.5		39.6
Cost of product updates and support fees		-		33.1		0.6		28.2		1.2		63.1
Cost of consulting services and other fees		-		57.7		3.4		77.0		1.9		140.0
Sales and marketing		-		54.0		5.4		45.6		1.5		106.5
Research and development		-		53.1		1.8		41.9		2.9		99.7
General and administrative		-		4.1		30.2		20.4		(8.0)		46.7
Amortization of intangible assets and depreciation		-		34.3		3.2		21.2		-		58.7
Restructuring costs		-		3.3		0.4		2.7		-		6.4
Acquisition-related and other costs		-		8.9		0.3		0.4		-		9.6
Affiliate (income) expense, net		-		47.3		(41.8)		(5.5)		-		-
Total operating expenses		-		321.3		5.5		243.5		-		570.3
Income from operations		-		48.4		7.2		37.4		-		93.0
Other expense, net:
Interest expense, net		-		78.5		-		-		-		78.5
Affiliate interest (income) expense, net		-		(8.8)		-		8.8		-		-
Other (income) expense, net		-		0.7		-		10.1		-		10.8
Total other expense, net		-		70.4		-		18.9		-		89.3
Income (loss) before income tax		-		(22.0)		7.2		18.5		-		3.7
Income tax provision (benefit)		-		(5.3)		1.8		10.0		-		6.5
Equity in (earnings) loss of subsidiaries		1.8		(14.9)		-		-		13.1		-
Net income (loss)		(1.8)		(1.8)		5.4		8.5		(13.1)		(2.8)
Net income (loss) attributable to noncontrolling interests		-		-		-		(1.0)		-		(1.0)
Net income (loss) attributable to Infor, Inc.	$	(1.8)	$	(1.8)	$	5.4	$	9.5	$	(13.1)	$	(1.8)

		Three Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	79.3	$	1.1	$	52.4	$	-	$	132.8
Product updates and support fees		-		209.1		7.7		155.2		-		372.0
Software revenues		-		288.4		8.8		207.6		-		504.8
Consulting services and other fees		-		78.3		3.5		99.0		-		180.8
Total revenues		-		366.7		12.3		306.6		-		685.6
Operating expenses:
Cost of software license fees and subscriptions		-		17.7		2.3		8.7		0.3		29.0
Cost of product updates and support fees		-		31.4		0.6		32.3		1.2		65.5
Cost of consulting services and other fees		-		51.0		4.7		80.8		2.0		138.5
Sales and marketing		-		62.3		6.9		48.9		1.5		119.6
Research and development		-		55.9		2.3		43.2		2.9		104.3
General and administrative		-		4.8		29.8		19.4		(7.9)		46.1
Amortization of intangible assets and depreciation		-		36.1		3.3		21.9		-		61.3
Restructuring costs		-		0.3		-		3.5		-		3.8
Acquisition-related and other costs		-		(1.8)		0.2		0.2		-		(1.4)
Affiliate (income) expense, net		-		51.0		(44.9)		(6.1)		-		-
Total operating expenses		-		308.7		5.2		252.8		-		566.7
Income (loss) from operations		-		58.0		7.1		53.8		-		118.9
Other expense, net:
Interest expense, net		-		87.7		0.1		0.2		-		88.0
Affiliate interest (income) expense, net		-		(10.6)		(0.1)		10.7		-		-
Other (income) expense, net		-		(22.5)		-		20.5		-		(2.0)
Total other expense, net		-		54.6		-		31.4		-		86.0
Income (loss) before income tax		-		3.4		7.1		22.4		-		32.9
Income tax provision (benefit)		-		(1.0)		4.0		16.8		-		19.8
Equity in (earnings) loss of subsidiaries		(13.1)		(8.7)		-		-		21.8		-
Net income (loss)		13.1		13.1		3.1		5.6		(21.8)		13.1
Net income (loss) attributable to noncontrolling interests		-		-		-		-		-		-
Net income (loss) attributable to Infor, Inc.	$	13.1	$	13.1	$	3.1	$	5.6	$	(21.8)	$	13.1

		Six Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	161.3	$	4.3	$	95.3	$	-	$	260.9
Product updates and support fees		-		418.7		15.8		276.4		-		710.9
Software revenues		-		580.0		20.1		371.7		-		971.8
Consulting services and other fees		-		152.5		6.9		172.4		-		331.8
Total revenues		-		732.5		27.0		544.1		-		1,303.6
Operating expenses:
Cost of software license fees and subscriptions		-		47.5		3.7		18.8		0.8		70.8
Cost of product updates and support fees		-		64.1		1.2		57.2		2.3		124.8
Cost of consulting services and other fees		-		114.1		6.7		154.2		3.8		278.8
Sales and marketing		-		106.6		11.2		87.2		2.9		207.9
Research and development		-		108.8		3.7		80.8		5.6		198.9
General and administrative		-		8.4		58.6		39.3		(15.4)		90.9
Amortization of intangible assets and depreciation		-		69.8		6.4		39.2		-		115.4
Restructuring costs		-		3.8		0.3		4.1		-		8.2
Acquisition-related and other costs		-		10.8		0.4		0.4		-		11.6
Affiliate (income) expense, net		-		86.7		(73.0)		(13.7)		-		-
Total operating expenses		-		620.6		19.2		467.5		-		1,107.3
Income from operations		-		111.9		7.8		76.6		-		196.3
Other expense, net:
Interest expense, net		-		151.1		-		-		-		151.1
Affiliate interest (income) expense, net		-		(17.4)		-		17.4				-
Loss on extinguishment of debt		-		-		-		-		-		-
Other (income) expense, net		-		(8.1)		-		(18.3)		-		(26.4)
Total other expense, net		-		125.6		-		(0.9)		-		124.7
Income (loss) before income tax		-		(13.7)		7.8		77.5		-		71.6
Income tax provision (benefit)		-		(6.5)		1.1		22.3		-		16.9
Equity in loss (earnings) of subsidiaries		(55.7)		(62.9)		-		-		118.6		-
Net income (loss)		55.7		55.7		6.7		55.2		(118.6)		54.7
Net income (loss) attributable to noncontrolling interests		-		-		-		(1.0)		-		(1.0)
Net income (loss) attributable to Infor, Inc.	$	55.7	$	55.7	$	6.7	$	56.2	$	(118.6)	$	55.7

		Six Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	185.0	$	7.3	$	132.5	$	-	$	324.8
Product updates and support fees		-		414.6		15.3		315.8		-		745.7
Software revenues		-		599.6		22.6		448.3		-		1,070.5
Consulting services and other fees		-		151.0		6.9		210.4		-		368.3
Total revenues		-		750.6		29.5		658.7		-		1,438.8
Operating expenses:
Cost of software license fees and subscriptions		-		38.2		4.2		19.7		0.5		62.6
Cost of product updates and support fees		-		62.7		1.3		65.9		2.4		132.3
Cost of consulting services and other fees		-		104.6		9.4		167.1		3.9		285.0
Sales and marketing		-		121.8		14.3		108.3		2.9		247.3
Research and development		-		108.6		4.6		87.4		5.7		206.3
General and administrative		-		16.9		62.3		42.7		(15.4)		106.5
Amortization of intangible assets and depreciation		-		73.9		6.6		45.9		-		126.4
Restructuring costs		-		1.5		0.2		9.6		-		11.3
Acquisition-related and other costs		-		(1.7)		0.2		0.8		-		(0.7)
Affiliate (income) expense, net		-		119.3		(92.7)		(26.6)		-		-
Total operating expenses		-		645.8		10.4		520.8		-		1,177.0
Income from operations		-		104.8		19.1		137.9		-		261.8
Other expense, net:
Interest expense, net		-		176.7		0.2		(0.2)		-		176.7
Affiliate interest (income) expense, net		-		(22.0)		(0.1)		22.1		-		-
Loss on extinguishment of debt		-		-		-		-		-		-
Other (income) expense, net		-		(35.2)		-		1.1		-		(34.1)
Total other expense, net		-		119.5		0.1		23.0		-		142.6
Income (loss) before income tax		-		(14.7)		19.0		114.9		-		119.2
Income tax provision (benefit)		-		(5.4)		8.3		29.7		-		32.6
Equity in loss (earnings) of subsidiaries		(86.6)		(95.9)		-		-		182.5		-
Net income (loss)		86.6		86.6		10.7		85.2		(182.5)		86.6
Net income (loss) attributable to noncontrolling interests		-		-		-		-		-		-
Net income (loss) attributable to Infor, Inc.	$	86.6	$	86.6	$	10.7	$	85.2	$	(182.5)	$	86.6

Schedule of Condensed Consolidating Statements of Comprehensive Income (Loss)

Condensed Consolidating Statements of Comprehensive Income (Loss)  

		Three Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(1.8)	$	(1.8)	$	5.4	$	8.5	$	(13.1)	$	(2.8)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		2.4		-		2.4
Defined benefit plan funding status, net of tax		-		-		-		-		-		-
Unrealized gain (loss) on derivative instruments, net of tax		-		-		-		-		-		-
Total other comprehensive income (loss)		-		-		-		2.4		-		2.4
Comprehensive income (loss)		(1.8)		(1.8)		5.4		10.9		(13.1)		(0.4)
Comprehensive income (loss) attributable to noncontrolling
interests		-		-		-		(1.0)		-		(1.0)
Comprehensive income (loss) attributable to Infor, Inc.	$	(1.8)	$	(1.8)	$	5.4	$	11.9	$	(13.1)	$	0.6

		Three Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	13.1	$	13.1	$	3.1	$	5.6	$	(21.8)	$	13.1
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		(80.0)		-		(80.0)
Defined benefit plan funding status, net of tax		-		-		-		0.6		-		0.6
Unrealized gain (loss) on derivative instruments, net of tax		-		(2.5)		-		-		-		(2.5)
Total other comprehensive income (loss)		-		(2.5)		-		(79.4)		-		(81.9)
Comprehensive income (loss)		13.1		10.6		3.1		(73.8)		(21.8)		(68.8)
Comprehensive income (loss) attributable to noncontrolling
interests		-		-		-		-		-		-
Comprehensive income (loss) attributable to Infor, Inc.	$	13.1	$	10.6	$	3.1	$	(73.8)	$	(21.8)	$	(68.8)

		Six Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	55.7	$	55.7	$	6.7	$	55.2	$	(118.6)	$	54.7
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		(62.4)		-		(62.4)
Defined benefit plan funding status, net of tax		-		-		-		0.2		-		0.2
Unrealized gain (loss) on derivative instruments, net of tax		-		0.6		-		-		-		0.6
Total other comprehensive income (loss)		-		0.6		-		(62.2)		-		(61.6)
Comprehensive income (loss)		55.7		56.3		6.7		(7.0)		(118.6)		(6.9)
Comprehensive income (loss) attributable to noncontrolling
interests		-		-		-		(1.0)		-		(1.0)
Comprehensive income (loss) attributable to Infor, Inc.	$	55.7	$	56.3	$	6.7	$	(6.0)	$	(118.6)	$	(5.9)

		Six Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	86.6	$	86.6	$	10.7	$	85.2	$	(182.5)	$	86.6
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		(137.3)		-		(137.3)
Defined benefit plan funding status, net of tax		-		0.1		-		1.4		-		1.5
Unrealized gain (loss) on derivative instruments, net of tax		-		(3.0)		-		-		-		(3.0)
Total other comprehensive income (loss)		-		(2.9)		-		(135.9)		-		(138.8)
Comprehensive income (loss)		86.6		83.7		10.7		(50.7)		(182.5)		(52.2)
Comprehensive income (loss) attributable to noncontrolling
interests		-		-		-		-		-		-
Comprehensive income (loss) attributable to Infor, Inc.	$	86.6	$	83.7	$	10.7	$	(50.7)	$	(182.5)	$	(52.2)

Schedule of Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

		Six Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	-	$	111.6	$	2.6	$	1.3	$	-	$	115.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		-		(549.3)		-		-		-		(549.3)
Change in restricted cash		-		-		-		-		-		-
Purchases of property, equipment and software		-		(22.3)		(2.6)		(3.9)		-		(28.8)
Net cash used in investing activities		-		(571.6)		(2.6)		(3.9)		-		(578.1)
Cash flows from financing activities:
Dividends paid		-		(17.0)		-		-		-		(17.0)
Loans to stockholders		-		(1.6)		-		-		-		(1.6)
Payments on capital lease obligations		-		(0.2)		-		(1.1)		-		(1.3)
Proceeds from issuance of debt		-		495.0		-		-		-		495.0
Payments on long-term debt		-		(17.1)		-		-		-		(17.1)
(Payments) proceeds from affiliate within group		-		(11.6)		-		11.6		-		-
Deferred financing fees		-		(16.5)		-		-		-		(16.5)
Other		-		(0.8)		-		-		-		(0.8)
Net cash provided by (used in) financing activities		-		430.2		-		10.5		-		440.7
Effect of exchange rate changes on cash and cash equivalents		-		-		-		(5.8)		-		(5.8)
Net increase (decrease) in cash and cash equivalents		-		(29.8)		-		2.1		-		(27.7)
Cash and cash equivalents at the beginning of the period		-		86.7		-		440.0		-		526.7
Cash and cash equivalents at the end of the period	$	-	$	56.9	$	-	$	442.1	$	-	$	499.0

		Six Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	-	$	61.5	$	2.9	$	(3.9)	$	-	$	60.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		-		(27.3)		-		(2.8)		-		(30.1)
Change in restricted cash		-		18.3		-		0.7		-		19.0
Purchases of property, equipment and software		-		(6.9)		(2.9)		(10.5)		-		(20.3)
Net cash used in investing activities		-		(15.9)		(2.9)		(12.6)		-		(31.4)
Cash flows from financing activities:
Dividends paid		-		(42.7)		-		-		-		(42.7)
Loans to stockholders		-		(0.2)		-		-		-		(0.2)
Payments on capital lease obligations		-		(0.2)		-		(1.2)		-		(1.4)
Payments on long-term debt		-		(71.6)		-		-		-		(71.6)
(Payments) proceeds from affiliate within group		-		(0.3)		-		0.3		-		-
Other		-		(8.5)		-		-		-		(8.5)
Net cash provided by (used in) financing activities		-		(123.5)		-		(0.9)		-		(124.4)
Effect of exchange rate changes on cash and cash equivalents		-		-		-		(23.2)		-		(23.2)
Net increase (decrease) in cash and cash equivalents		-		(77.9)		-		(40.6)		-		(118.5)
Cash and cash equivalents at the beginning of the period		-		136.6		-		310.5		-		447.1
Cash and cash equivalents at the end of the period	$	-	$	58.7	$	-	$	269.9	$	-	$	328.6

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Acquisitions (Tables)

6 Months Ended

Oct. 31, 2015

Acquisitions [Abstract]

Schedule Summarizing Allocation of GT Nexus Purchase Consideration

(in millions)
Cash	$	14.8
Accounts receivable		36.5
Other current assets		13.9
Identified intangible assets:
Existing technology		93.3
Existing customer relationships		273.5
Tradenames		5.9
Other non-current assets		9.0
Goodwill		369.9
Deferred revenue		(11.3)
Current liabilities assumed		(32.6)
Long-term liabilities assumed		(87.7)
Noncontrolling interests		(10.2)
Total fair value of net assets acquired		675.0
Less fair value of redeemable noncontrolling interests		(125.0)
Purchase consideration	$	550.0

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Goodwill (Tables)

6 Months Ended

Oct. 31, 2015

Goodwill [Abstract]

Schedule of Goodwill by Reportable Segment

(in millions)		License		Maintenance		Consulting		Total
Balance, April 30, 2015	$	931.5	$	2,851.7	$	262.6	$	4,045.8
Goodwill acquired		336.5		-		33.4		369.9
Currency translation effect		(10.2)		(36.3)		(3.2)		(49.7)
Balance, October 31, 2015	$	1,257.8	$	2,815.4	$	292.8	$	4,366.0

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Summary of Significant Accounting Policies

6 Months Ended

Oct. 31, 2015

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

A detailed description of our significant accounting policies can be found in our financial statements for our fiscal year ended April 30, 2015, which are included in our Form 10-K/T. The following Notes should be read in conjunction with such policies and other disclosures contained therein. 

Revenue Recognition  

We generate revenues primarily by licensing software and Software-as-a-Service (SaaS) subscriptions, providing software support and product updates, and providing consulting services to our customers. We record all revenues in accordance with the guidance provided by ASC 985-605, Software—Revenue Recognition, and ASC 605, Revenue Recognition. Revenue is recorded net of applicable taxes.  

Our software license fees and subscriptions revenues are primarily from sales of perpetual software licenses granting customers use of our software products and access to software products through our SaaS subscription offerings. Software license fees are recognized when the following criteria are met: 1) there is persuasive evidence of an arrangement, 2) the software product has been delivered, 3) the fees are fixed or determinable, and 4) collectability is reasonably assured. SaaS subscription revenues are recognized over the contract term once the software is made available through our SaaS offerings. SaaS subscription revenues are included in software license fees and subscriptions revenues in our Condensed Consolidated Statements of Operations and were approximately $53.5 million and $26.8 million in the second quarter of fiscal 2016 and 2015, respectively, and $93.0 million and $52.9 million in the first six months of fiscal 2016 and 2015, respectively.

Our product updates and support services entitle our customers to receive, for an agreed upon period, unspecified product upgrades (when and if available), release updates, regulatory updates and patches, as well as support services including access to technical information and technical support staff. The term of product updates and support services is typically twelve months. The product updates and support fees are recorded as product updates and support fees revenue in our Condensed Consolidated Statements of Operations and recognized ratably over the term of the agreement.

We also provide software-related services, including systems implementation and integration services, consulting, training, custom modification and application managed services. Consulting services are generally provided under time and materials contracts.  Revenues are recognized as the services are provided and are recorded as consulting services and other fees revenue in our Condensed Consolidated Statements of Operations. Consulting services and other fees also include revenues related to education, hosting services and Inforum, our customer event.

Allowances for Doubtful Accounts, Cancellations and Billing Adjustments

We have established an allowance for estimated billing adjustments and an allowance for estimated amounts that will not be collected. We record provisions for billing adjustments as a reduction of revenue and provisions for doubtful accounts as a component of general and administrative expense in our Condensed Consolidated Statements of Operations.  

The following is a rollforward of our allowance for doubtful accounts: 

(in millions)
Balance, April 30, 2015	$	11.9
Provision		5.2
Write-offs and recoveries		(4.8)
Currency translation effect		(0.3)
Balance, October 31, 2015	$	12.0

Sales Allowances 

We do not generally provide a contractual right of return. However, in the course of arriving at practical business solutions to various claims arising from the sale of our products and delivery of our solutions, we have allowed for sales allowances. We record a provision against revenue for estimated sales allowances on license and consulting revenues in the same period the related revenues are recorded or when current information indicates additional allowances are required. The balance of our sales reserve is reflected in deferred revenue on our Condensed Consolidated Balance Sheets.

The following is a rollforward of our sales reserve:

(in millions)
Balance, April 30, 2015	$	7.3
Provision		4.2
Write-offs		(3.0)
Balance, October 31, 2015	$	8.5

Foreign Currency 

The functional currency of our foreign subsidiaries is typically the applicable local currency. The translation from the respective foreign currencies to United States Dollars (U.S. Dollar) is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income statement accounts using a weighted average exchange rate during the applicable period. Gains or losses resulting from such translation are included as a separate component of accumulated other comprehensive income. Gains or losses resulting from foreign currency transactions are included in foreign currency gain or loss except for the effect of exchange rate fluctuations on long-term intercompany transactions considered to be a long-term investment, which are accumulated and credited or charged to other comprehensive income.  

Transaction gains and losses are recognized in our results of operations based on the difference between the foreign exchange rates on the transaction date and on the reporting date. We recognized a net foreign exchange loss of $10.8 million and a net foreign exchange gain of $2.0 million for the three months ended October 31, 2015 and 2014, respectively.  In the first six months of fiscal 2016 and 2015, we recognized net foreign currency exchange gains of $26.1 million and $34.0 million, respectively. The foreign currency exchange gains and losses are included as a component of other (income) expense, net, in the accompanying Condensed Consolidated Statements of Operations.  

Certain foreign currency transaction gains and losses are generated from our intercompany balances that are not considered to be long-term in nature and will be settled between subsidiaries. These intercompany balances are a result of normal transfer pricing transactions among our various operating subsidiaries, as well as certain loans initiated between subsidiaries. We also recognize transaction gains and losses from revaluing our debt denominated in Euros and held by subsidiaries whose functional currency is the U.S. Dollar. See Note 11, Debt.

Recent Accounting Pronouncements — Not Yet Adopted 

In May 2014, the FASB issued guidance on the principles for revenue recognition.  This guidance is a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance.  The new rules establish a core principle that requires the recognition of revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services. This guidance was to be effective for annual reporting periods beginning after December 15, 2016 (our fiscal 2018) and early adoption was not permitted. In August 2015, the FASB deferred the effective date by one year, to December 15, 2017, for annual reporting periods beginning after that date (our fiscal 2019).  The FASB also decided to allow early adoption of the standard, but not before the original effective date of December 15, 2016.  Initial adoption may be accounted for either retrospectively to each prior reporting period presented, or retrospectively with the cumulative effect of the initial application recognized at the date of adoption. We are currently evaluating how this guidance will affect our revenue recognition, which transition approach we will use upon adoption, and the impact it may have on our financial position, results of operations or cash flows.

In September 2015, the FASB issued updated guidance simplifying the accounting for measurement-period adjustments relating to business combinations. This guidance requires that an acquirer recognize post-close measurement adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Prior to the issuance of the standard, entities were required to retrospectively apply adjustments made to provisional amounts recognized in a business combination. The updated guidance is to be applied prospectively effective for annual and interim periods beginning after December 15, 2015 (our fourth quarter of fiscal 2016), and early adoption is permitted.  We are currently evaluating how this guidance will affect our accounting for business combinations.

As of the date of this Quarterly Report, there were no other recent accounting standard updates that we have not yet adopted that we believe would have a material impact on our financial position, results of operations or cash flows.

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Fair Value (Tables)

6 Months Ended

Oct. 31, 2015

Fair Value [Abstract]

Schedule of Fair Value

		October 31, 2015
		Fair Value Measurements Using Inputs Considered as
(in millions)		Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	-	$	-	$	0.6	$	0.6
Derivative instruments		-		19.8		-		19.8
Total	$	-	$	19.8	$	0.6	$	20.4

		April 30, 2015
		Fair Value Measurements Using Inputs Considered as
(in millions)		Level 1		Level 2		Level 3		Fair Value
Assets
Cash equivalents	$	27.0	$	-	$	-	$	27.0
Total	$	27.0	$	-	$	-	$	27.0
Liabilities
Derivative instruments	$	-	$	20.8	$	-	$	20.8
Total	$	-	$	20.8	$	-	$	20.8

Reconciliation of Level 3 Liabilities

		Fair  Value
		Measurements Using
		Significant
		Unobservable Inputs
(in millions)		Level 3
Balance, April 30, 2015	$	-
Total (gain) loss recorded in earnings		0.6
Balance, October 31, 2015	$	0.6

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Segment And Geographic Information (Schedule Of Long-Lived Tangible Assets By Country) (Details) - USD ($) $ in Millions	6 Months Ended
	Oct. 31, 2015	Apr. 30, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Tangible Assets	$ 100.0	$ 81.8
Minimum percent of revenues or long-lived assets for countries to be reflected induvidually in geographical information	10.00%
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Tangible Assets	$ 69.1	48.5
All other countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Tangible Assets	$ 30.9	$ 33.3

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Comprehensive Income (Loss) (Tables)

6 Months Ended

Oct. 31, 2015

Comprehensive Income (Loss) [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Total accumulated other comprehensive income (loss) and its components were as follows for the periods indicated:  

		Foreign		Funded Status		Derivative		Accumulated
		Currency		of Defined		Instruments		Other
		Translation		Benefit		Unrealized		Comprehensive
(in millions)		Adjustment		Pension Plan(1)		Gain (Loss)(2)		Income (Loss)
Balance, April 30, 2015	$	(211.5)	$	(16.3)	$	(12.8)	$	(240.6)
Other comprehensive income (loss)		(62.4)		0.2		0.6		(61.6)
Balance, October 31, 2015	$	(273.9)	$	(16.1)	$	(12.2)	$	(302.2)

________________

(1)Funded status of defined benefit pension plan is presented net of tax benefit of $4.6 million and $4.6 million as of October 31, 2015 and April 30, 2015, respectively.

(2)Derivative instruments unrealized gain (loss) is presented net of tax benefit of $7.6 million and $8.0 million as of October 31, 2015 and April 30, 2015, respectively.

Schedule of Components of Other Comprehensive Income (Loss)

The components of other comprehensive income (loss),including amounts reclassified out of accumulated other comprehensive income (loss), were as follows for the periods indicated:

(in millions)				Income Tax
Three Months Ended		Before-Tax		(Expense) Benefit		Net-of-Tax
October 31, 2015
Foreign currency translation adjustment	$	2.4	$	-	$	2.4
Change in funded status of defined benefit plans		-		-		-
Derivative instruments unrealized loss		(2.9)		1.0		(1.9)
Reclassification adjustments:
Amortization of derivative instruments unrealized loss		3.0		(1.1)		1.9
Other comprehensive income (loss)	$	2.5	$	(0.1)	$	2.4
October 31, 2014
Foreign currency translation adjustment	$	(80.0)	$	-	$	(80.0)
Change in funded status of defined benefit plans		0.6		-		0.6
Derivative instruments unrealized loss		(4.1)		1.6		(2.5)
Other comprehensive income (loss)	$	(83.5)	$	1.6	$	(81.9)
(in millions)				Income Tax
Six Months Ended		Before-Tax		(Expense) Benefit		Net-of-Tax
October 31, 2015
Foreign currency translation adjustment	$	(62.4)	$	-	$	(62.4)
Change in funded status of defined benefit plans		0.2		-		0.2
Derivative instruments unrealized gain (loss)		(4.9)		1.9		(3.0)
Reclassification adjustments:
Amortization of derivative instruments unrealized loss		5.9		(2.3)		3.6
Other comprehensive income (loss)	$	(61.2)	$	(0.4)	$	(61.6)
October 31, 2014
Foreign currency translation adjustment	$	(137.3)	$	-	$	(137.3)
Change in funded status of defined benefit plans		1.6		(0.1)		1.5
Derivative instruments unrealized gain (loss)		(4.9)		1.9		(3.0)
Other comprehensive income (loss)	$	(140.6)	$	1.8	$	(138.8)

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Fair Value (Fair Value, By Balance Sheet Grouping) (Details) - USD ($) $ in Millions	Oct. 31, 2015	Apr. 30, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		$ 27.0
Assets, Total		27.0
Contingent consideration	$ 0.6
Derivative instruments	19.8	20.8
Liabilities, Total	20.4	20.8
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash equivalents		27.0
Assets, Total		27.0
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative instruments	19.8	20.8
Liabilities, Total	19.8	$ 20.8
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration	0.6
Liabilities, Total	$ 0.6

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Comprehensive Income (Loss) (Accumulated Other Comprehensive Income (Loss) And Components) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Apr. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance				$ (240.6)
Other comprehensive income (loss)		$ 2.4	$ (81.9)	(61.6)	$ (138.8)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance		(302.2)		(302.2)
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance				(211.5)
Other comprehensive income (loss)				(62.4)
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance		(273.9)		(273.9)
Funded Status Of Defined Benefit Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	[1]			(16.3)
Other comprehensive income (loss)	[1]			0.2
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	[1]	(16.1)		(16.1)
Accumulated Other Comprehensive Income (Loss), Tax Provision (Benefit)		(4.6)		(4.6)		$ (4.6)
Derivative Instruments Unrealized Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance	[2]			(12.8)
Other comprehensive income (loss)	[2]			0.6
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance	[2]	(12.2)		(12.2)
Accumulated Other Comprehensive Income (Loss), Tax Provision (Benefit)		$ (7.6)		$ (7.6)		$ (8.0)

[1] Funded status of defined benefit pension plan is presented net of tax benefit of $4.6 million and $4.6 million as of October 31, 2015 and April 30, 2015, respectively.

[2] Derivative instruments unrealized gain (loss) is presented net of tax benefit of $7.6 million and $8.0 million as of October 31, 2015 and April 30, 2015, respectively.

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Condensed Consolidated Balance Sheets - USD ($) $ in Millions		Oct. 31, 2015	Apr. 30, 2015
Current assets:
Cash and cash equivalents		$ 499.0	$ 526.7
Accounts receivable, net		326.8	338.0
Prepaid expenses		126.8	113.9
Income tax receivable		47.3	49.6
Other current assets		22.4	17.8
Deferred tax assets		38.9	30.8
Total current assets		1,061.2	1,076.8
Property and equipment, net		100.0	81.8
Intangible assets, net		1,001.1	731.0
Goodwill		4,366.0	4,045.8
Deferred tax assets		65.0	72.8
Other assets		54.3	40.3
Total assets		6,647.6	6,048.5
Current liabilities:
Accounts payable		66.1	62.4
Income taxes payable		33.6	33.5
Accrued expenses		398.6	339.1
Deferred tax liabilities		1.4	1.1
Deferred revenue		777.5	867.0
Current portion of long-term obligations	[1]	0.1	0.1
Total current liabilities		1,277.3	1,303.2
Long-term debt, net	[1]	5,683.7	5,226.7
Deferred tax liabilities		167.3	107.0
Other long-term liabilities		204.5	208.4
Total liabilities		$ 7,332.8	$ 6,845.3
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests		$ 127.8
Stockholders' deficit:
Common stock, $0.01 par value; 1,000 shares authorized; 1,000 shares issued and outstanding at October 31, 2015 and April 30, 2015
Additional paid-in capital		$ 1,190.4	$ 1,209.1
Receivable from stockholders		(36.9)	(35.3)
Accumulated other comprehensive (loss) income		(302.2)	(240.6)
Accumulated deficit		(1,674.3)	(1,730.0)
Total Infor, Inc. stockholders' deficit		(823.0)	$ (796.8)
Noncontrolling interests		10.0
Total stockholders' deficit		(813.0)	$ (796.8)
Total liabilities, redeemable noncontrolling interests and stockholders' deficit		$ 6,647.6	$ 6,048.5

[1] Debt balances net of applicable unamortized debt discounts, premiums and deferred financing fees.

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Nature of Business and Basis of Presentation (Narrative) (Details)	6 Months Ended
	Oct. 31, 2015 segment
Number of Reportable Segments	3
GT Nexus, Inc. [Member]
Redeemable noncontrolling Interest, Ownership Percentage	18.52%

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Cash flows from operating activities:
Net income	$ 54.7	$ 86.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	115.4	126.4
Provision for doubtful accounts, billing adjustments and sales allowances	9.4	10.3
Deferred income taxes	(15.5)	(24.5)
Non-cash gain on foreign currency	(26.1)	(34.0)
Non-cash interest	12.3	13.3
Equity-based compensation expense	3.2	13.0
Other	0.9	0.7
Changes in operating assets and liabilities (net of effects of acquisitions):
Prepaid expenses and other assets	(12.2)	(5.0)
Accounts receivable, net	36.5	(26.1)
Income tax receivable/payable	3.0	22.4
Deferred revenue	(104.1)	(102.9)
Accounts payable, accrued expenses and other liabilities	38.0	(19.7)
Net cash provided by (used in) operating activities	115.5	60.5
Cash flows from investing activities:
Acquisitions, net of cash acquired	(549.3)	(30.1)
Change in restricted cash		19.0
Purchases of property, equipment and software	(28.8)	(20.3)
Net cash used in investing activities	(578.1)	(31.4)
Cash flows from financing activities:
Dividends paid	(17.0)	(42.7)
Loans to stockholders	(1.6)	(0.2)
Payments on capital lease obligations	(1.3)	(1.4)
Proceeds from issuance of debt	495.0
Payments on long-term debt	(17.1)	(71.6)
Deferred financing fees	(16.5)
Other	(0.8)	(8.5)
Net cash provided by (used in) financing activities	440.7	(124.4)
Effect of exchange rate changes on cash and cash equivalents	(5.8)	(23.2)
Net decrease in cash and cash equivalents	(27.7)	(118.5)
Cash and cash equivalents at the beginning of the period	526.7	447.1
Cash and cash equivalents at the end of the period	$ 499.0	$ 328.6

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Intangible Assets (Schedule of Estimated Future Amortization Expense Related to Intangible Assets) (Details) - USD ($) $ in Millions	Oct. 31, 2015		Apr. 30, 2015
Intangible Assets [Abstract]
Fiscal 2016 (remaining 6 months)	$ 110.8
Fiscal 2017	179.8
Fiscal 2018	132.4
Fiscal 2019	115.2
Fiscal 2020	106.5
Fiscal 2021	100.5
Thereafter	255.9
Net	$ 1,001.1	[1]	$ 731.0

[1] Net intangible assets decreased from April 30, 2015 to October 31, 2015 by approximately $5.8 million due to cumulative foreign currency translation adjustments, reflecting movement in the currencies of the applicable underlying entities.

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Accrued Expenses (Tables)

6 Months Ended

Oct. 31, 2015

Accrued Expenses [Abstract]

Schedule of Accrued Expenses

		October 31,		April 30,
(in millions)		2015		2015
Compensation and employee benefits	$	158.0	$	157.3
Taxes other than income		17.9		25.2
Royalties and partner commissions		51.8		54.5
Litigation		2.0		1.6
Professional fees		7.0		8.2
Subcontractor expense		7.0		7.9
Interest		92.4		22.6
Restructuring		6.5		3.7
Asset retirement obligations		2.9		1.4
Deferred rent		3.3		3.5
Other		49.8		53.2
Accrued expenses	$	398.6	$	339.1

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Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Millions		6 Months Ended
		Oct. 31, 2015	Apr. 30, 2015
Debt Instrument [Line Items]
Deferred financing fees, debt discounts and premiums, net		$ (128.7)	$ (118.2)
Total long-term debt	[1]	5,683.8	5,226.8
Less: current portion	[1]	(0.1)	(0.1)
Total long-term debt - non-current	[1]	5,683.7	5,226.7
Term B-3 due June 3, 2020 [Member]
Debt Instrument [Line Items]
First lien, Principal Amount		464.3	466.7
First lien, Net Amount	[1]	$ 460.2	$ 462.2
Contractual Rate		3.75%	3.75%
Maturity date		Jun. 03, 2020
Term B-5 due June 3, 2020 [Member]
Debt Instrument [Line Items]
First lien, Principal Amount		$ 2,460.3	$ 2,473.0
First lien, Net Amount	[1]	$ 2,377.6	$ 2,382.0
Contractual Rate		3.75%	3.75%
Maturity date		Jun. 03, 2020
Euro Term B due June 3, 2020 [Member]
Debt Instrument [Line Items]
First lien, Principal Amount		$ 372.7	$ 382.3
First lien, Net Amount	[1]	$ 367.9	$ 377.0
Contractual Rate		4.00%	4.00%
Maturity date		Jun. 03, 2020
6.5% Senior Notes due May 15, 2022 [Member]
Debt Instrument [Line Items]
Senior notes, Principal Amount		$ 1,630.0	$ 1,630.0
Senior notes, Net Amount	[1]	$ 1,619.0	$ 1,618.4
Contractual Rate		6.50%	6.50%
Maturity date		May 15, 2022
5.75% Senior Notes due May 15, 2022 [Member]
Debt Instrument [Line Items]
Senior notes, Principal Amount		$ 385.2	$ 393.0
Senior notes, Net Amount	[1]	$ 379.8	$ 387.2
Contractual Rate		5.75%	5.75%
Maturity date		May 15, 2022
5.75% Senior Secured Notes due August 15, 2020 [Member]
Debt Instrument [Line Items]
Senior notes, Principal Amount		$ 500.0
Senior notes, Net Amount	[1]	$ 479.3
Contractual Rate		5.75%
Maturity date		Aug. 15, 2020
Debt Obligations [Member]
Debt Instrument [Line Items]
Weighted average interest rate		4.80%	4.80%

[1] Debt balances net of applicable unamortized debt discounts, premiums and deferred financing fees.

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Segment and Geographic Information

6 Months Ended

Oct. 31, 2015

Segment and Geographic Information [Abstract]

Segment and Geographic Information

16. Segment and Geographic Information

We are a global provider of enterprise business applications software and services focused primarily on medium and large enterprises. We provide industry-specific and other enterprise software products and related services to companies in the manufacturing, distribution, healthcare, public sector, automotive, service industries, ESM&R, consumer products & retail and hospitality industries. We serve customers in the Americas, EMEA and APAC geographic regions.

Segment Information  

We view our operations and manage our business as three reportable segments: License,  Maintenance and Consulting. See Note 1, Nature of Business and Basis of Presentation – Business Segments. It is around these three key sets of business activities that we have organized our business and established budgets, forecasts and strategic objectives, including go-to-market strategies. Within our organization, multiple sets of information are available reflecting various views of our operations including vertical, geographic, product and/or functional information. However, the financial information provided to and used by our chief operating decision-maker (CODM) to assist in making operational decisions, allocating resources and assessing performance reflects revenues, cost of revenues and sales margin for these three segments.

License—Our License segment develops, markets and distributes enterprise software including the following types of software: enterprise HCM, financial management, business intelligence, asset management, enterprise performance management, supply chain management, service management, manufacturing operations, business project management and property management for hospitality companies. License revenues include license fees which primarily consist of fees resulting from products licensed to customers on a perpetual basis. Product license fees result from a customer’s licensing of a given software product for the first time or with a customer’s licensing of additional users for previously licensed products. License revenues also include revenues related to our SaaS offerings.

Maintenance —Our Maintenance segment provides software updates and product support including when-and-if-available upgrades, release updates, regulatory updates and patches, access to our knowledge base and technical support team, technical advice and application management. Generally, these services are provided under annual contracts. Infor’s maintenance agreements are comprehensive customer support programs which entitle customers to various levels of support to meet their specific needs. Infor’s maintenance and customer support offerings are delivered through our global support organization operating from our support centers around the world. Maintenance revenues include product updates and support fees revenues which represent the ratable recognition of fees to enroll and renew licensed products in our maintenance programs. These fees are typically charged annually and are based on the license fees initially paid by the customer. These revenues can fluctuate based on the number and timing of new license contracts, renewal rates and price increases.

Consulting—Our Consulting segment provides software implementation, customization, integration, training and other consulting services related to Infor’s software products. Services in this segment are generally provided under time and materials contracts, and in certain situations, under fixed-fee or maximum-fee contracts. Infor’s consulting offerings range from initial assessment and planning of a project to the actual implementation and post-implementation of a project, including optimizing a customer’s use of our software, as well as training and learning tools designed to help customers become proficient in using Infor’s software quickly and effectively. Consulting services and other revenue include consulting services and other fees revenues from services provided to customers who have licensed Infor’s products.

The measure we use to assess our reportable segments’ operating performance is sales margin. Reportable segment sales margin includes segment revenues net of direct controllable costs. Segment revenues include adjustments to increase revenues that would have been recognized if we had not adjusted certain deferred revenue balances related to acquisitions to their fair values at the time of the acquisition as required by GAAP. Segment costs represent those costs of resources dedicated to each segment, direct sales costs, and allocation of certain operating expenses. Segment costs exclude any allocation of depreciation and amortization related to our acquired intangible assets or restructuring costs.

We do not have any intercompany revenue recorded between reportable segments. The accounting policies for our reportable segments are the same as those used in our consolidated financial statements. We do not assess or report assets or capital expenditures by reportable segment.  For disclosure of goodwill by reportable segment see Note 4, Goodwill.

The following table presents financial information for our reportable segments for the periods indicated:

(in millions, except percentages)		Reportable Segment
Three Months Ended		License		Maintenance		Consulting		Total
October 31, 2015
Revenues	$	144.2	$	354.4	$	169.1	$	667.7
Cost of revenues		38.6		63.1		140.0		241.7
Direct sales and marketing costs		88.6		-		-		88.6
Sales margin	$	17.0	$	291.3	$	29.1	$	337.4
Sales margin %		11.8%		82.2%		17.2%		50.5%

October 31, 2014
Revenues	$	133.0	$	373.3	$	180.9	$	687.2
Cost of revenues		27.9		65.3		138.2		231.4
Direct sales and marketing costs		91.3		-		7.2		98.5
Sales margin	$	13.8	$	308.0	$	35.5	$	357.3
Sales margin %		10.4%		82.5%		19.6%		52.0%

(in millions, except percentages)		Reportable Segment
Six Months Ended		License		Maintenance		Consulting		Total
October 31, 2015
Revenues	$	265.2	$	711.4	$	331.8	$	1,308.4
Cost of revenues		68.7		124.7		278.8		472.2
Direct sales and marketing costs		176.6		-		-		176.6
Sales margin	$	19.9	$	586.7	$	53.0	$	659.6
Sales margin %		7.5%		82.5%		16.0%		50.4%

October 31, 2014
Revenues	$	325.6	$	747.1	$	368.6	$	1,441.3
Cost of revenues		60.1		131.7		284.7		476.5
Direct sales and marketing costs		198.4		-		7.2		205.6
Sales margin	$	67.1	$	615.4	$	76.7	$	759.2
Sales margin %		20.6%		82.4%		20.8%		52.7%

The following table presents a reconciliation of our reportable segment revenues, net of the reversal of purchase accounting revenue adjustments, and our reportable segment sales margin to total consolidated revenues and consolidated income (loss) before income tax for the periods indicated:  

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
Reportable segment revenues	$	667.7	$	687.2	$	1,308.4	$	1,441.3
Purchase accounting revenue adjustments (1)		(4.4)		(1.6)		(4.8)		(2.5)
Total revenues	$	663.3	$	685.6	$	1,303.6	$	1,438.8
Reportable segment sales margin	$	337.4	$	357.3	$	659.6	$	759.2
Other unallocated costs and operating expenses (2)		179.3		173.3		339.7		359.7
Amortization of intangible assets and depreciation		58.7		61.3		115.4		126.4
Restructuring costs		6.4		3.8		8.2		11.3
Income from operations		93.0		118.9		196.3		261.8
Total other expense, net		89.3		86.0		124.7		142.6
Income before income tax	$	3.7	$	32.9	$	71.6	$	119.2

 

(1)Adjustments to decrease reportable segment revenue for revenue that we would have recognized had we not adjusted acquired deferred revenue as required by GAAP.

(2)Other unallocated costs and operating expenses include certain sales and marketing expenses, research and development, general and administrative, acquisition-related and other costs, equity-based compensation, as well as adjustments for deferred costs recognized related to acquired deferred revenue.

Geographic Information  

The following table presents our revenues summarized by geographic region, based on the location at which each sale originates, for the periods indicated: 

(in millions)		Geographic Region
Three Months Ended		Americas		EMEA		APAC		Total
October 31, 2015
Software license fees and subscriptions	$	97.9	$	33.0	$	9.0	$	139.9
Product updates and support fees		229.0		99.4		25.9		354.3
Software revenues		326.9		132.4		34.9		494.2
Consulting services and other fees		92.5		64.3		12.3		169.1
Total revenues	$	419.4	$	196.7	$	47.2	$	663.3

October 31, 2014
Software license fees and subscriptions	$	85.2	$	37.3	$	10.3	$	132.8
Product updates and support fees		231.5		110.4		30.1		372.0
Software revenues		316.7		147.7		40.4		504.8
Consulting services and other fees		90.9		74.5		15.4		180.8
Total revenues	$	407.6	$	222.2	$	55.8	$	685.6

(in millions)		Geographic Region
Six Months Ended		Americas		EMEA		APAC		Total
October 31, 2015
Software license fees and subscriptions	$	185.5	$	59.0	$	16.4	$	260.9
Product updates and support fees		459.6		198.6		52.7		710.9
Software revenues		645.1		257.6		69.1		971.8
Consulting services and other fees		177.7		129.2		24.9		331.8
Total revenues	$	822.8	$	386.8	$	94.0	$	1,303.6

October 31, 2014
Software license fees and subscriptions	$	201.8	$	93.0	$	30.0	$	324.8
Product updates and support fees		459.5		225.9		60.3		745.7
Software revenues		661.3		318.9		90.3		1,070.5
Consulting services and other fees		179.3		156.6		32.4		368.3
Total revenues	$	840.6	$	475.5	$	122.7	$	1,438.8

The following table presents our long-lived tangible assets, consisting of property and equipment net of accumulated depreciation, summarized by geographic region: 

		Geographic Region
(in millions)		Americas		EMEA		APAC		Total
October 31, 2015	$	71.1	$	22.3	$	6.6	$	100.0
April 30, 2015	$	51.1	$	24.6	$	6.1	$	81.8

The following table sets forth our revenues by country for the periods indicated: 

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
United States	$	380.7	$	362.5	$	743.5	$	747.0
All other countries		282.6		323.1		560.1		691.8
Total revenues	$	663.3	$	685.6	$	1,303.6	$	1,438.8

Revenues attributable to the United States, our country of domicile, and foreign countries are based on the country in which the sales originate.

The following table sets forth long-lived tangible assets by country at the dates indicated: 

		October 31,		April 30,
(in millions)		2015		2015
United States	$	69.1	$	48.5
All other countries		30.9		33.3
Total long-lived tangible assets	$	100.0	$	81.8

Only those countries in which revenues or long-lived assets exceed 10% of our consolidated revenues or long-lived assets are reflected in the above tables. In those fiscal periods when a country’s revenues or long-lived tangible assets are less than 10% of the consolidated totals, applicable amounts are included in “all other countries.”

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Equity-Based Compensation (Tables)

6 Months Ended

Oct. 31, 2015

Equity-Based Compensation [Abstract]

Schedule of Equity Compensation Expense Recognized in Condensed Consolidated Statements of Operations by Category

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
Cost of software license fees and subscriptions	$	-	$	0.2	$	-	$	0.2
Cost of product updates and support fees		-		0.2		0.1		0.6
Cost of consulting services and other fees		-		0.3		-		0.3
Sales and marketing		0.4		1.7		0.7		3.5
Research and development		0.3		1.1		0.6		2.6
General and administrative		1.2		2.3		1.8		5.8
Total	$	1.9	$	5.8	$	3.2	$	13.0

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Supplemental Guarantor Financial Information

6 Months Ended

Oct. 31, 2015

Supplemental Guarantor Financial Information [Abstract]

Supplemental Guarantor Financial Information

18. Supplemental Guarantor Financial Information

The Senior Notes and Senior Secured Notes issued by Infor (US), Inc. are fully and unconditionally guaranteed, except for certain customary automatic release provisions, jointly and severally, by Infor, Inc., its parent company, and substantially all of its existing and future wholly-owned domestic subsidiaries (collectively the Guarantor Subsidiaries). See Note 11, Debt. Its other subsidiaries (collectively, the Non-Guarantor Subsidiaries) are not guarantors of our borrowings. The indentures governing the Senior Notes and Senior Secured Notes limit, among other things, the ability of Infor, Inc. and the Guarantor Subsidiaries to incur additional indebtedness; declare or pay dividends; redeem stock or make other distributions to stockholders; make investments; create liens or use assets as security in other transactions; merge or consolidate, or sell, transfer, lease or dispose of substantially all of our assets; enter into transactions with affiliates; and sell or transfer certain assets.  

The following tables set forth requisite financial information of Infor, Inc., Infor (US), Inc., the Guarantor Subsidiaries and Non-Guarantor Subsidiaries including our Condensed Consolidating Balance Sheets as of October 31, 2015 and April 30, 2015,our Condensed Consolidating Statements of Operations and our Condensed Consolidating Statements of Comprehensive Income (Loss) for our fiscal quarters and six-month periods ended October 31, 2015 and 2014, and our Condensed Consolidating Statements of Cash Flows for the six months ended October 31, 2015 and 2014.  

 Condensed Consolidating Balance Sheets  

		October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	56.9	$	-	$	442.1	$	-	$	499.0
Accounts receivable, net		-		139.8		7.3		179.7		-		326.8
Prepaid expenses		-		69.1		18.1		39.6		-		126.8
Income tax receivable		-		32.0		0.5		14.8		-		47.3
Other current assets		-		9.1		1.1		12.2		-		22.4
Affiliate receivable		-		667.3		710.3		43.4		(1,421.0)		-
Deferred tax assets		-		13.7		4.4		20.9		(0.1)		38.9
Total current assets		-		987.9		741.7		752.7		(1,421.1)		1,061.2
Property and equipment, net		-		50.6		10.8		38.6		-		100.0
Intangible assets, net		-		458.2		3.9		539.0		-		1,001.1
Goodwill		-		2,403.1		62.5		1,900.4		-		4,366.0
Deferred tax assets		0.2		-		6.8		65.0		(7.0)		65.0
Other assets		-		23.5		13.0		17.8		-		54.3
Affiliate receivable		-		725.5		1.4		130.7		(857.6)		-
Investment in subsidiaries		-		2,104.6		-		-		(2,104.6)		-
Total assets	$	0.2	$	6,753.4	$	840.1	$	3,444.2	$	(4,390.3)	$	6,647.6
LIABILITIES AND STOCKHOLDERS'
DEFICIT
Current liabilities:
Accounts payable	$	-	$	50.3	$	-	$	15.8	$	-	$	66.1
Income taxes payable		-		-		-		33.6		-		33.6
Accrued expenses		-		212.2		27.1		159.3		-		398.6
Deferred tax liabilities		0.1		-		-		1.4		(0.1)		1.4
Deferred revenue		-		514.9		18.0		244.6		-		777.5
Affiliate payable		29.6		751.4		590.1		49.9		(1,421.0)		-
Current portion of long-term obligations		-		0.1		-		-		-		0.1
Total current liabilities		29.7		1,528.9		635.2		504.6		(1,421.1)		1,277.3
Long-term debt		-		5,683.7		-		-		-		5,683.7
Deferred tax liabilities		-		66.0		-		108.3		(7.0)		167.3
Affiliate payable		58.3		131.5		0.4		667.4		(857.6)		-
Other long-term liabilities		-		78.5		15.7		110.3		-		204.5
Losses in excess of investment in subsidiaries		735.2		-		-		-		(735.2)		-
Total liabilities		823.2		7,488.6		651.3		1,390.6		(3,020.9)		7,332.8
Redeemable noncontrolling interests		-		-		-		127.8		-		127.8
Total Infor, Inc. stockholders' equity (deficit)		(823.0)		(735.2)		188.8		1,915.8		(1,369.4)		(823.0)
Noncontrolling interests		-		-		-		10.0		-		10.0
Total stockholders' equity (deficit)		(823.0)		(735.2)		188.8		1,925.8		(1,369.4)		(813.0)
Total liabilities, redeemable noncontrolling
interests and stockholders' equity (deficit)	$	0.2	$	6,753.4	$	840.1	$	3,444.2	$	(4,390.3)	$	6,647.6

		April 30, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	86.7	$	-	$	440.0	$	-	$	526.7
Accounts receivable, net		-		145.5		7.8		184.7		-		338.0
Prepaid expenses		-		59.1		12.4		42.4		-		113.9
Income tax receivable		-		34.7		0.2		14.6		0.1		49.6
Other current assets		-		5.9		1.3		10.6		-		17.8
Affiliate receivable		-		521.8		597.8		22.1		(1,141.7)		-
Deferred tax assets		-		13.3		4.4		13.2		(0.1)		30.8
Total current assets		-		867.0		623.9		727.6		(1,141.7)		1,076.8
Property and equipment, net		-		35.9		12.6		33.3		-		81.8
Intangible assets, net		-		520.6		5.8		204.6		-		731.0
Goodwill		-		2,400.6		62.5		1,582.7		-		4,045.8
Deferred tax assets		0.2		-		8.0		72.8		(8.2)		72.8
Other assets		-		17.3		3.9		19.1		-		40.3
Affiliate receivable		-		751.5		1.4		141.5		(894.4)		-
Investment in subsidiaries		-		1,557.9		-		-		(1,557.9)		-
Total assets	$	0.2	$	6,150.8	$	718.1	$	2,781.6	$	(3,602.2)	$	6,048.5
LIABILITIES AND STOCKHOLDERS'
DEFICIT
Current liabilities:
Accounts payable	$	-	$	41.3	$	0.1	$	21.0	$	-	$	62.4
Income taxes payable		-		-		-		33.4		0.1		33.5
Accrued expenses		-		151.0		26.2		161.9		-		339.1
Deferred tax liabilities		0.1		-		-		1.1		(0.1)		1.1
Deferred revenue		-		512.4		15.2		339.4		-		867.0
Affiliate payable		29.5		591.3		485.3		35.6		(1,141.7)		-
Current portion of long-term obligations		-		0.1		-		-		-		0.1
Total current liabilities		29.6		1,296.1		526.8		592.4		(1,141.7)		1,303.2
Long-term debt		-		5,226.7		-		-		-		5,226.7
Deferred tax liabilities		-		86.5		-		28.7		(8.2)		107.0
Affiliate payable		58.6		169.6		0.3		665.9		(894.4)		-
Other long-term liabilities		-		80.7		10.8		116.9		-		208.4
Losses in excess of investment in subsidiaries		708.8		-		-		-		(708.8)		-
Total liabilities		797.0		6,859.6		537.9		1,403.9		(2,753.1)		6,845.3
Redeemable noncontrolling interests												-
Total Infor, Inc. stockholders' equity (deficit)		(796.8)		(708.8)		180.2		1,377.7		(849.1)		(796.8)
Noncontrolling interests		-		-		-		-		-		-
Total stockholders' equity (deficit)		(796.8)		(708.8)		180.2		1,377.7		(849.1)		(796.8)
Total liabilities, redeemable noncontrolling
interests and stockholders' equity (deficit)	$	0.2	$	6,150.8	$	718.1	$	2,781.6	$	(3,602.2)	$	6,048.5

Condensed Consolidating Statements of Operations  

		Three Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	81.9	$	1.1	$	56.9	$	-	$	139.9
Product updates and support fees		-		209.1		7.7		137.5		-		354.3
Software revenues		-		291.0		8.8		194.4		-		494.2
Consulting services and other fees		-		78.7		3.9		86.5		-		169.1
Total revenues		-		369.7		12.7		280.9		-		663.3
Operating expenses:
Cost of software license fees and subscriptions		-		25.5		2.0		11.6		0.5		39.6
Cost of product updates and support fees		-		33.1		0.6		28.2		1.2		63.1
Cost of consulting services and other fees		-		57.7		3.4		77.0		1.9		140.0
Sales and marketing		-		54.0		5.4		45.6		1.5		106.5
Research and development		-		53.1		1.8		41.9		2.9		99.7
General and administrative		-		4.1		30.2		20.4		(8.0)		46.7
Amortization of intangible assets and depreciation		-		34.3		3.2		21.2		-		58.7
Restructuring costs		-		3.3		0.4		2.7		-		6.4
Acquisition-related and other costs		-		8.9		0.3		0.4		-		9.6
Affiliate (income) expense, net		-		47.3		(41.8)		(5.5)		-		-
Total operating expenses		-		321.3		5.5		243.5		-		570.3
Income from operations		-		48.4		7.2		37.4		-		93.0
Other expense, net:
Interest expense, net		-		78.5		-		-		-		78.5
Affiliate interest (income) expense, net		-		(8.8)		-		8.8		-		-
Other (income) expense, net		-		0.7		-		10.1		-		10.8
Total other expense, net		-		70.4		-		18.9		-		89.3
Income (loss) before income tax		-		(22.0)		7.2		18.5		-		3.7
Income tax provision (benefit)		-		(5.3)		1.8		10.0		-		6.5
Equity in (earnings) loss of subsidiaries		1.8		(14.9)		-		-		13.1		-
Net income (loss)		(1.8)		(1.8)		5.4		8.5		(13.1)		(2.8)
Net income (loss) attributable to noncontrolling interests		-		-		-		(1.0)		-		(1.0)
Net income (loss) attributable to Infor, Inc.	$	(1.8)	$	(1.8)	$	5.4	$	9.5	$	(13.1)	$	(1.8)

		Three Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	79.3	$	1.1	$	52.4	$	-	$	132.8
Product updates and support fees		-		209.1		7.7		155.2		-		372.0
Software revenues		-		288.4		8.8		207.6		-		504.8
Consulting services and other fees		-		78.3		3.5		99.0		-		180.8
Total revenues		-		366.7		12.3		306.6		-		685.6
Operating expenses:
Cost of software license fees and subscriptions		-		17.7		2.3		8.7		0.3		29.0
Cost of product updates and support fees		-		31.4		0.6		32.3		1.2		65.5
Cost of consulting services and other fees		-		51.0		4.7		80.8		2.0		138.5
Sales and marketing		-		62.3		6.9		48.9		1.5		119.6
Research and development		-		55.9		2.3		43.2		2.9		104.3
General and administrative		-		4.8		29.8		19.4		(7.9)		46.1
Amortization of intangible assets and depreciation		-		36.1		3.3		21.9		-		61.3
Restructuring costs		-		0.3		-		3.5		-		3.8
Acquisition-related and other costs		-		(1.8)		0.2		0.2		-		(1.4)
Affiliate (income) expense, net		-		51.0		(44.9)		(6.1)		-		-
Total operating expenses		-		308.7		5.2		252.8		-		566.7
Income (loss) from operations		-		58.0		7.1		53.8		-		118.9
Other expense, net:
Interest expense, net		-		87.7		0.1		0.2		-		88.0
Affiliate interest (income) expense, net		-		(10.6)		(0.1)		10.7		-		-
Other (income) expense, net		-		(22.5)		-		20.5		-		(2.0)
Total other expense, net		-		54.6		-		31.4		-		86.0
Income (loss) before income tax		-		3.4		7.1		22.4		-		32.9
Income tax provision (benefit)		-		(1.0)		4.0		16.8		-		19.8
Equity in (earnings) loss of subsidiaries		(13.1)		(8.7)		-		-		21.8		-
Net income (loss)		13.1		13.1		3.1		5.6		(21.8)		13.1
Net income (loss) attributable to noncontrolling interests		-		-		-		-		-		-
Net income (loss) attributable to Infor, Inc.	$	13.1	$	13.1	$	3.1	$	5.6	$	(21.8)	$	13.1

		Six Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	161.3	$	4.3	$	95.3	$	-	$	260.9
Product updates and support fees		-		418.7		15.8		276.4		-		710.9
Software revenues		-		580.0		20.1		371.7		-		971.8
Consulting services and other fees		-		152.5		6.9		172.4		-		331.8
Total revenues		-		732.5		27.0		544.1		-		1,303.6
Operating expenses:
Cost of software license fees and subscriptions		-		47.5		3.7		18.8		0.8		70.8
Cost of product updates and support fees		-		64.1		1.2		57.2		2.3		124.8
Cost of consulting services and other fees		-		114.1		6.7		154.2		3.8		278.8
Sales and marketing		-		106.6		11.2		87.2		2.9		207.9
Research and development		-		108.8		3.7		80.8		5.6		198.9
General and administrative		-		8.4		58.6		39.3		(15.4)		90.9
Amortization of intangible assets and depreciation		-		69.8		6.4		39.2		-		115.4
Restructuring costs		-		3.8		0.3		4.1		-		8.2
Acquisition-related and other costs		-		10.8		0.4		0.4		-		11.6
Affiliate (income) expense, net		-		86.7		(73.0)		(13.7)		-		-
Total operating expenses		-		620.6		19.2		467.5		-		1,107.3
Income from operations		-		111.9		7.8		76.6		-		196.3
Other expense, net:
Interest expense, net		-		151.1		-		-		-		151.1
Affiliate interest (income) expense, net		-		(17.4)		-		17.4				-
Loss on extinguishment of debt		-		-		-		-		-		-
Other (income) expense, net		-		(8.1)		-		(18.3)		-		(26.4)
Total other expense, net		-		125.6		-		(0.9)		-		124.7
Income (loss) before income tax		-		(13.7)		7.8		77.5		-		71.6
Income tax provision (benefit)		-		(6.5)		1.1		22.3		-		16.9
Equity in loss (earnings) of subsidiaries		(55.7)		(62.9)		-		-		118.6		-
Net income (loss)		55.7		55.7		6.7		55.2		(118.6)		54.7
Net income (loss) attributable to noncontrolling interests		-		-		-		(1.0)		-		(1.0)
Net income (loss) attributable to Infor, Inc.	$	55.7	$	55.7	$	6.7	$	56.2	$	(118.6)	$	55.7

		Six Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Revenues:
Software license fees and subscriptions	$	-	$	185.0	$	7.3	$	132.5	$	-	$	324.8
Product updates and support fees		-		414.6		15.3		315.8		-		745.7
Software revenues		-		599.6		22.6		448.3		-		1,070.5
Consulting services and other fees		-		151.0		6.9		210.4		-		368.3
Total revenues		-		750.6		29.5		658.7		-		1,438.8
Operating expenses:
Cost of software license fees and subscriptions		-		38.2		4.2		19.7		0.5		62.6
Cost of product updates and support fees		-		62.7		1.3		65.9		2.4		132.3
Cost of consulting services and other fees		-		104.6		9.4		167.1		3.9		285.0
Sales and marketing		-		121.8		14.3		108.3		2.9		247.3
Research and development		-		108.6		4.6		87.4		5.7		206.3
General and administrative		-		16.9		62.3		42.7		(15.4)		106.5
Amortization of intangible assets and depreciation		-		73.9		6.6		45.9		-		126.4
Restructuring costs		-		1.5		0.2		9.6		-		11.3
Acquisition-related and other costs		-		(1.7)		0.2		0.8		-		(0.7)
Affiliate (income) expense, net		-		119.3		(92.7)		(26.6)		-		-
Total operating expenses		-		645.8		10.4		520.8		-		1,177.0
Income from operations		-		104.8		19.1		137.9		-		261.8
Other expense, net:
Interest expense, net		-		176.7		0.2		(0.2)		-		176.7
Affiliate interest (income) expense, net		-		(22.0)		(0.1)		22.1		-		-
Loss on extinguishment of debt		-		-		-		-		-		-
Other (income) expense, net		-		(35.2)		-		1.1		-		(34.1)
Total other expense, net		-		119.5		0.1		23.0		-		142.6
Income (loss) before income tax		-		(14.7)		19.0		114.9		-		119.2
Income tax provision (benefit)		-		(5.4)		8.3		29.7		-		32.6
Equity in loss (earnings) of subsidiaries		(86.6)		(95.9)		-		-		182.5		-
Net income (loss)		86.6		86.6		10.7		85.2		(182.5)		86.6
Net income (loss) attributable to noncontrolling interests		-		-		-		-		-		-
Net income (loss) attributable to Infor, Inc.	$	86.6	$	86.6	$	10.7	$	85.2	$	(182.5)	$	86.6

Condensed Consolidating Statements of Comprehensive Income (Loss)  

		Three Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	(1.8)	$	(1.8)	$	5.4	$	8.5	$	(13.1)	$	(2.8)
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		2.4		-		2.4
Defined benefit plan funding status, net of tax		-		-		-		-		-		-
Unrealized gain (loss) on derivative instruments, net of tax		-		-		-		-		-		-
Total other comprehensive income (loss)		-		-		-		2.4		-		2.4
Comprehensive income (loss)		(1.8)		(1.8)		5.4		10.9		(13.1)		(0.4)
Comprehensive income (loss) attributable to noncontrolling
interests		-		-		-		(1.0)		-		(1.0)
Comprehensive income (loss) attributable to Infor, Inc.	$	(1.8)	$	(1.8)	$	5.4	$	11.9	$	(13.1)	$	0.6

		Three Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	13.1	$	13.1	$	3.1	$	5.6	$	(21.8)	$	13.1
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		(80.0)		-		(80.0)
Defined benefit plan funding status, net of tax		-		-		-		0.6		-		0.6
Unrealized gain (loss) on derivative instruments, net of tax		-		(2.5)		-		-		-		(2.5)
Total other comprehensive income (loss)		-		(2.5)		-		(79.4)		-		(81.9)
Comprehensive income (loss)		13.1		10.6		3.1		(73.8)		(21.8)		(68.8)
Comprehensive income (loss) attributable to noncontrolling
interests		-		-		-		-		-		-
Comprehensive income (loss) attributable to Infor, Inc.	$	13.1	$	10.6	$	3.1	$	(73.8)	$	(21.8)	$	(68.8)

		Six Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	55.7	$	55.7	$	6.7	$	55.2	$	(118.6)	$	54.7
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		(62.4)		-		(62.4)
Defined benefit plan funding status, net of tax		-		-		-		0.2		-		0.2
Unrealized gain (loss) on derivative instruments, net of tax		-		0.6		-		-		-		0.6
Total other comprehensive income (loss)		-		0.6		-		(62.2)		-		(61.6)
Comprehensive income (loss)		55.7		56.3		6.7		(7.0)		(118.6)		(6.9)
Comprehensive income (loss) attributable to noncontrolling
interests		-		-		-		(1.0)		-		(1.0)
Comprehensive income (loss) attributable to Infor, Inc.	$	55.7	$	56.3	$	6.7	$	(6.0)	$	(118.6)	$	(5.9)

		Six Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	86.6	$	86.6	$	10.7	$	85.2	$	(182.5)	$	86.6
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation,
net of tax		-		-		-		(137.3)		-		(137.3)
Defined benefit plan funding status, net of tax		-		0.1		-		1.4		-		1.5
Unrealized gain (loss) on derivative instruments, net of tax		-		(3.0)		-		-		-		(3.0)
Total other comprehensive income (loss)		-		(2.9)		-		(135.9)		-		(138.8)
Comprehensive income (loss)		86.6		83.7		10.7		(50.7)		(182.5)		(52.2)
Comprehensive income (loss) attributable to noncontrolling
interests		-		-		-		-		-		-
Comprehensive income (loss) attributable to Infor, Inc.	$	86.6	$	83.7	$	10.7	$	(50.7)	$	(182.5)	$	(52.2)

Condensed Consolidating Statements of Cash Flows

		Six Months Ended October 31, 2015
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	-	$	111.6	$	2.6	$	1.3	$	-	$	115.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		-		(549.3)		-		-		-		(549.3)
Change in restricted cash		-		-		-		-		-		-
Purchases of property, equipment and software		-		(22.3)		(2.6)		(3.9)		-		(28.8)
Net cash used in investing activities		-		(571.6)		(2.6)		(3.9)		-		(578.1)
Cash flows from financing activities:
Dividends paid		-		(17.0)		-		-		-		(17.0)
Loans to stockholders		-		(1.6)		-		-		-		(1.6)
Payments on capital lease obligations		-		(0.2)		-		(1.1)		-		(1.3)
Proceeds from issuance of debt		-		495.0		-		-		-		495.0
Payments on long-term debt		-		(17.1)		-		-		-		(17.1)
(Payments) proceeds from affiliate within group		-		(11.6)		-		11.6		-		-
Deferred financing fees		-		(16.5)		-		-		-		(16.5)
Other		-		(0.8)		-		-		-		(0.8)
Net cash provided by (used in) financing activities		-		430.2		-		10.5		-		440.7
Effect of exchange rate changes on cash and cash equivalents		-		-		-		(5.8)		-		(5.8)
Net increase (decrease) in cash and cash equivalents		-		(29.8)		-		2.1		-		(27.7)
Cash and cash equivalents at the beginning of the period		-		86.7		-		440.0		-		526.7
Cash and cash equivalents at the end of the period	$	-	$	56.9	$	-	$	442.1	$	-	$	499.0

		Six Months Ended October 31, 2014
		Infor, Inc.		Infor (US), Inc.		Guarantor		Non-Guarantor				Total
(in millions)		(Parent)		(Subsidiary Issuer)		Subsidiaries		Subsidiaries		Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	-	$	61.5	$	2.9	$	(3.9)	$	-	$	60.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		-		(27.3)		-		(2.8)		-		(30.1)
Change in restricted cash		-		18.3		-		0.7		-		19.0
Purchases of property, equipment and software		-		(6.9)		(2.9)		(10.5)		-		(20.3)
Net cash used in investing activities		-		(15.9)		(2.9)		(12.6)		-		(31.4)
Cash flows from financing activities:
Dividends paid		-		(42.7)		-		-		-		(42.7)
Loans to stockholders		-		(0.2)		-		-		-		(0.2)
Payments on capital lease obligations		-		(0.2)		-		(1.2)		-		(1.4)
Payments on long-term debt		-		(71.6)		-		-		-		(71.6)
(Payments) proceeds from affiliate within group		-		(0.3)		-		0.3		-		-
Other		-		(8.5)		-		-		-		(8.5)
Net cash provided by (used in) financing activities		-		(123.5)		-		(0.9)		-		(124.4)
Effect of exchange rate changes on cash and cash equivalents		-		-		-		(23.2)		-		(23.2)
Net increase (decrease) in cash and cash equivalents		-		(77.9)		-		(40.6)		-		(118.5)
Cash and cash equivalents at the beginning of the period		-		136.6		-		310.5		-		447.1
Cash and cash equivalents at the end of the period	$	-	$	58.7	$	-	$	269.9	$	-	$	328.6

XML

Debt (Term Loans and Senior Notes) (Details)		1 Months Ended	6 Months Ended
	Aug. 25, 2015 USD ($)	Aug. 25, 2015 USD ($)	Oct. 31, 2015 EUR (€)	Oct. 31, 2015 USD ($)	Apr. 30, 2015
Term B-5 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Date of original borrowings			Jan. 02, 2014
Original amounts borrowed				$ 2,550,000,000
Debt Instrument, Face Amount				$ 2,550,000,000
Debt Instrument, Maturity Date			Jun. 03, 2020
Debt Instrument, Interest Rate, Stated Percentage			3.75%	3.75%	3.75%
Term B-3 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Date of original borrowings			Jun. 03, 2013
Original amounts borrowed				$ 483,000,000
Debt Instrument, Face Amount				$ 483,000,000
Debt Instrument, Maturity Date			Jun. 03, 2020
Debt Instrument, Interest Rate, Stated Percentage			3.75%	3.75%	3.75%
Euro Term B due June 3, 2020 [Member]
Debt Instrument [Line Items]
Date of original borrowings			Jun. 03, 2013
Original amounts borrowed | €			€ 350,000,000
Debt Instrument, Face Amount | €			€ 350,000,000
Debt Instrument, Maturity Date			Jun. 03, 2020
Debt Instrument, Interest Rate, Stated Percentage			4.00%	4.00%	4.00%
6.5% Senior Notes due May 15, 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date			May 15, 2022
Debt Instrument, Interest Rate, Stated Percentage			6.50%	6.50%	6.50%
5.75% Senior Notes due May 15, 2022 [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date			May 15, 2022
Debt Instrument, Interest Rate, Stated Percentage			5.75%	5.75%	5.75%
5.75% First Lien Senior Secured Notes [Member]
Debt Instrument [Line Items]
Original amounts borrowed	$ 500,000,000	$ 500,000,000
Debt Instrument, Face Amount	$ 500,000,000	$ 500,000,000
Debt Instrument, Maturity Date	Aug. 15, 2020
Debt Instrument, Interest Rate, Stated Percentage	5.75%	5.75%
Debt instrument issuance price, percentage	99.00%
Debt Instrument, Redemption Price, Percentage	100.00%
Proceeds from Issuance of Secured Debt		$ 478,500,000
Base Rate [Member] | Term B-5 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.75%
Base Rate [Member] | Term B-3 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			1.75%
Base Rate [Member] | Minimum [Member] | Term B-5 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Reference Rate - Minimum			2.00%
Base Rate [Member] | Minimum [Member] | Term B-3 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Reference Rate - Minimum			2.00%
London Interbank Offered Rate (LIBOR) [Member] | Term B-5 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.75%
London Interbank Offered Rate (LIBOR) [Member] | Term B-3 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			2.75%
London Interbank Offered Rate (LIBOR) [Member] | Euro Term B due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			3.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Term B-5 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Reference Rate - Minimum			1.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Term B-3 due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Reference Rate - Minimum			1.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | Euro Term B due June 3, 2020 [Member]
Debt Instrument [Line Items]
Debt Instrument Interest Reference Rate - Minimum			1.00%

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Nature of Business and Basis of Presentation

6 Months Ended

Oct. 31, 2015

Nature of Business and Basis of Presentation [Abstract]

Nature of Business and Basis of Presentation

1. Nature of Business and Basis of Presentation

Infor, Inc. is one of the largest providers of enterprise software and services in the world. We provide industry-specific and other enterprise software products and related services, primarily to large and medium-sized enterprises in the manufacturing, healthcare, distribution, public sector, automotive, service industries, equipment services, management and rental (ESM&R), consumer products and retail and hospitality industries. We serve a large, diverse and sophisticated customer base across three geographic regions: the Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific (APAC). Our software and services offerings help our customers automate and integrate their critical business processes, which enables them to better manage their suppliers, partners, customers and employees, as well as their business operations generally. Our industry-specific approach allows us to focus on specialized software programs that take less time and cost to tailor to target customers’ specific needs during periods of implementation and upgrade. We believe our products and services provide a lower relative total cost of ownership for customers than the offerings of larger competing vendors.

We specialize in and target specific industries, or verticals, and have industry-specific business units that leverage our industry-oriented products and teams. Augmenting our vertical-specific applications, we have horizontal software applications including our customer relationship management (CRM), enterprise asset management (EAM), enterprise resource planning, financial management, human capital management (HCM), performance management, product lifecycle management, property management systems, central reservations systems, supplier relationship management and supply chain management (SCM) suites which, in addition to our proprietary light-weight middleware solution ION®, are integrated with our enterprise software applications and sold across different verticals. In addition to providing software products, we provide on-going support and maintenance services for our customers through our subscription-based annual maintenance and support programs. We also help our customers implement and use our applications more effectively through our consulting services.

Unless otherwise indicated or the context requires otherwise, hereafter any reference to Infor, we, our, us or the Company refers to Infor, Inc. and its consolidated subsidiaries.  

Basis of Presentation

Our Condensed Consolidated Financial Statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP) as set forth in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) and consider the various staff accounting bulletins and other applicable guidance issued by the SEC. Our Condensed Consolidated Financial Statements include the accounts of Infor, Inc. and our wholly-owned and majority-owned subsidiaries operating in the Americas, EMEA and APAC. All significant intercompany accounts and transactions have been eliminated.  

The unaudited Condensed Consolidated Financial Statements and Notes are presented as permitted by FASB requirements for quarterly reports and do not contain all the information and disclosures included in our annual financial statements and related notes as required by GAAP. The Condensed Consolidated Balance Sheet data as of April 30, 2015, and other amounts presented herein as of April 30, 2015, or for the year then ended, were derived from our audited financial statements.  The accompanying Condensed Consolidated Financial Statements reflect all adjustments, in the opinion of management, necessary to fairly state our financial position, results of operations and cash flows for the periods presented. These adjustments consist of normal and recurring items. The results of operations for our interim periods are not necessarily indicative of results to be achieved for any future interim period or for our full fiscal year. The accompanying interim Condensed Consolidated Financial Statements should be read in conjunction with our consolidated financial statements and related notes for the fiscal year ended April 30, 2015, included in our Form 10-K/T.

Noncontrolling Interest

We consolidate our majority-owned subsidiaries and reflect redeemable noncontrolling interests and noncontrolling interests on our Condensed Consolidated Balance Sheets for the portion of those entities that we do not own as mezzanine equity on our Condensed Consolidated Balance Sheets and as a component of consolidated equity separate from the equity attributable to Infor, Inc.’s stockholders, respectively. The redeemable noncontrolling interests’ and noncontrolling interests' share in our net earnings are included in net income (loss) attributable to noncontrolling interests in our Condensed Consolidated Statements of Operations and their portion of comprehensive income (loss) is included in comprehensive income (loss) attributable to noncontrolling interests in our Condensed Consolidated Statements of Comprehensive Income (Loss).

All noncontrolling interests with redemption features, such as put options, that are not solely within our control (redeemable noncontrolling interests) are reported as mezzanine equity on our Condensed Consolidated Balance Sheet, between liabilities and equity, at the greater of redemption value or initial carrying value. The redeemable noncontrolling interests that we are reporting relate to an 18.52% interest in GT Nexus, Inc. (GT Nexus) that Infor does not own. See Note 3, Acquisitions. The noncontrolling interests that we are reporting relate to a minority interest held in an international subsidiary acquired in the GT Nexus Acquisition (as defined below).

The following is a summary of the changes in the redeemable noncontrolling interests for the periods indicated:

		Three Months Ended		Six Months Ended
		October 31,		October 31,
(in millions)		2015		2015
Beginning of period	$	-	$	-
Increase due to business combination		125.0		125.0
Net loss attributable to redeemable noncontrolling interests		(1.1)		(1.1)
Redemption value adjustment		3.9		3.9
End of period	$	127.8	$	127.8

Business Segments 

We view our operations and manage our business as three reportable segments: License, Maintenance, and Consulting. We determine our reportable operating segments in accordance with the provisions in the FASB guidance on segment reporting, which establishes standards for, and requires disclosure of, certain financial information related to reportable operating segments and geographic regions. See Note 16, Segment and Geographic Information.  

Use of Estimates

The preparation of financial statements in accordance with GAAP requires us to make certain estimates, judgments and assumptions. These estimates, judgments and assumptions are based upon information available to us at the time that they are made and are believed to be reliable. These estimates, judgments and assumptions can affect the reported amounts of our assets and liabilities as of the date of the financial statements as well as the reported amounts of our revenues and expenses during the periods presented. On an on-going basis we evaluate our estimates and assumptions, including, but not limited to, those related to revenue recognition, allowance for doubtful accounts and sales returns, fair value of equity-based compensation, fair value of acquired intangible assets and goodwill, fair value of contingent consideration related to our acquisitions, useful lives of intangible assets and property and equipment, income taxes, restructuring obligations, contingencies and litigation, and fair value of derivative financial instruments. We believe these estimates and assumptions are reasonable under the circumstances and they form a basis for making judgments about the carrying values of our assets and liabilities that are not readily apparent from other sources. Differences between these estimates, judgments or assumptions and actual results could materially impact our financial statements. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application.

Fiscal Year

Our fiscal year is from May 1 through April 30 and the second quarter of each fiscal year is from August 1 through October 31. Unless otherwise stated, references to the years 2016 and 2015 relate to our fiscal years ended April 30, 2016 and 2015, respectively. References to future years also relate to our fiscal years ending April 30.

Prior to fiscal 2015, our fiscal year had historically been from June 1 through May 31. Beginning in the first quarter of fiscal 2015, we changed our fiscal year end from May 31 to April 30.  This change was effective beginning June 1, 2014, the start of our fiscal year 2015, which ended on April 30, 2015. As a result of this change, for fiscal year 2015 we reported an eleven month transition period from June 1, 2014 to April 30, 2015. Beginning with the first quarter of our fiscal year 2015, we reported our quarterly results in our Quarterly Reports on Form 10-Q based on our new fiscal calendar. Accordingly, as a result of the change in our fiscal year end, our results for the six months ended October 31, 2014 included the results of May 2014, the last month of our previously reported fiscal year 2014.

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Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Oct. 31, 2015	Apr. 30, 2015
Condensed Consolidated Balance Sheets [Abstract]
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	1,000	1,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

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Debt

6 Months Ended

Oct. 31, 2015

Debt [Abstract]

Debt

11. Debt 

The following table summarizes our long-term debt balances for the periods indicated:   

		October 31, 2015						April 30, 2015
		Principal		Net	Contractual			Principal		Net	Contractual
(in millions)		Amount		Amount (1)	Rate			Amount		Amount (1)	Rate
First lien Term B-3 due June 3, 2020	$	464.3	$	460.2	3.750	%	$	466.7	$	462.2	3.750	%
First lien Term B-5 due June 3, 2020		2,460.3		2,377.6	3.750	%		2,473.0		2,382.0	3.750	%
First lien Euro Term B due June 3, 2020		372.7		367.9	4.000	%		382.3		377.0	4.000	%
6.5% senior notes due May 15, 2022		1,630.0		1,619.0	6.500	%		1,630.0		1,618.4	6.500	%
5.75% senior notes due May 15, 2022		385.2		379.8	5.750	%		393.0		387.2	5.750	%
5.75% senior secured notes due August 15, 2020		500.0		479.3	5.750	%		-		-	-
Deferred financing fees, debt discounts
and premiums, net		(128.7)		-				(118.2)		-
Total long-term debt		5,683.8		5,683.8				5,226.8		5,226.8
Less: current portion		(0.1)		(0.1)				(0.1)		(0.1)
Total long-term debt - non-current	$	5,683.7	$	5,683.7			$	5,226.7	$	5,226.7

(1) Debt balances net of applicable unamortized debt discounts, premiums and deferred financing fees.

In fiscal 2015 we early adopted the FASB guidance related to simplifying the presentation of debt issuance costs and changed the presentation of our deferred financing fees related to our term loans and senior notes from an asset to a direct deduction from the carrying amount of our long-term debt, consistent with the presentation of debt discounts and premiums.  The unamortized balance of our deferred financing fees is included above in deferred financing fees, debt discounts and premiums, net, for the periods indicated. 

The weighted average contractual interest rate at October 31, 2015 and April 30, 2015 was 4.80% and 4.80%, respectively.  The effective interest rate of each of our debt obligations is not materially different from the contractual interest rate.

The following table summarizes our future repayment obligations related to the principal debt balances for all of our borrowings as of October 31, 2015:  

(in millions)
Fiscal 2016 (remaining 6 months)	$	-
Fiscal 2017		2.0
Fiscal 2018		26.7
Fiscal 2019		34.2
Fiscal 2020		34.2
Fiscal 2021		3,700.2
Thereafter		2,015.2
Total	$	5,812.5

Credit Facilities

On April 5, 2012, we entered into a secured credit agreement with Infor (US), Inc. as borrower and a syndicate of certain banks and other financial institutions as lenders which consists of a secured revolving credit facility and a secured term loan facility (the Credit Agreement), which was subsequently amended.  See Note 12, Debt, in notes to the consolidated financial statements for the fiscal year ended April 30, 2015, included in our Form 10-K/T, for a description of each amendment.

The credit facilities are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries, and are secured by liens on substantially all of the borrower’s assets and the assets of the guarantors. Under the Credit Agreement, we aresubject to a financial maintenance covenant that is applicable only for the revolving credit facility and then only for those fiscal quarters in which we have significant borrowings under the revolving credit facility outstanding as of the last day of such fiscal quarter.This covenant would require us to maintain a total leverage ratio not to exceed certain levels as of the last day of any such fiscal quarter. We are subject to certain other customary affirmative and negative covenants as well. 

Revolver

The secured revolving credit facility (the Revolver) has a maximum availability of $150.0 million. We have made no draws against the Revolver and no amounts are currently outstanding. However, $10.3 million of letters of credit have reduced the amount available under the Revolver to $139.7 million. Pursuant to the Credit Agreement, there is an undrawn line fee of 0.50% and the Revolver matures on March 31, 2017. Amounts under the Revolver may be borrowed to finance working capital needs and for general corporate purposes.  While we have made no draws against the Revolver, interest on any future Revolver borrowings will be based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, or an alternate base rate, plus a margin of 1.75% per annum.

Term Loans

On January 2, 2014, we entered into a $2,550.0 million term loan (the Tranche B-5 Term Loan). Interest on the Tranche B-5 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with a LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-5 Term Loan matures on June 3, 2020. 

On June 3, 2013, we entered into a $483.0 million term loan (the Tranche B-3 Term Loan).  Interest on the Tranche B-3 Term Loan is based on a fluctuating rate of interest determined by reference to either, at our option, an Adjusted LIBOR rate, plus a margin of 2.75% per annum, with an Adjusted LIBOR floor of 1.0%, or an alternate base rate, plus a margin of 1.75% per annum, with a minimum alternative base rate floor of 2.0%. The Tranche B-3 Term Loan matures on June 3, 2020.  

On June 3, 2013, we entered into a€350.0 million term loan (the Euro Tranche B Term Loan).Interest on the Euro Tranche B Term Loan is based on a fluctuating rate of interest determined by reference to an Adjusted LIBOR rate, plus a margin of 3.0% per annum, with an Adjusted LIBOR floor of 1.0%. The Euro Tranche B Term Loan matures on June 3, 2020.  

Interest on the term loans borrowed under the secured term loan facility (the Term Loans) is payable quarterly, in arrears. Quarterly principal payment amounts are set for each of the Term Loans with balloon payments at the applicable maturity dates. The Term Loans are subject to mandatory prepayments in certain situations.  

Senior Notes 

Our 6.500% and 5.750% Senior Notes (the Senior Notes) bear interest at the applicable rates per annum, which is payable semi-annually in cash in arrears, on May 15 and November 15 each year.  The Senior Notes mature on May 15, 2022. The Senior Notes are general unsecured obligations of Infor (US), Inc. and are guaranteed by Infor, Inc. and certain of our wholly owned domestic subsidiaries. Under the indenture governing the Senior Notes, we are subject to certain customary affirmative and negative covenants.  

In connection with the issuance of the Senior Notes, we entered into registration rights agreements with the initial purchasers of the Senior Notes.  Under the registration rights agreements, we agreed to file with the SEC a registration statement with respect to an offer to exchange the Senior Notes for a new issue of substantially identical notes no later than 365 days after the date of the original issuance of the notes on April 1, 2015.

First Lien Senior Secured Notes

On August 25, 2015, in connection with the GT Nexus Acquisition,we issued $500.0 million in aggregate principal amount of 5.750% first lien senior secured notes (the Senior Secured Notes) at an issue price of 99.000% plus accrued interest, if any, from August 25, 2015. The Senior Secured Notes mature on August 15, 2020, and bear interest at the applicable rate per annum that is payable semi-annually in cash in arrears, on February 15 and August 15 each year, beginning on February 15, 2016.  The Senior Secured Notes were redeemable by Infor on or prior to November 25, 2015, at a redemption price equal to 100% of the principal amount of the notes plus accrued and unpaid interest, if any, to such redemption date. 

The Senior Secured Notes are first lien senior secured obligations of Infor (US), Inc. and are fully and unconditionally guaranteed on a senior secured basis by Infor, Inc., and certain of our existing and future wholly owned domestic subsidiaries. Under the indenture governing the Senior Secured Notes, we are subject to certain customary affirmative and negative covenants.

Net proceeds from the issuance of our Senior Secured Notes, after expenses, of approximately $478.5 million were used to fund the GT Nexus Acquisition, including related transaction fees and expenses.

Deferred Financing Fees, Debt Discounts and Premiums

As of October 31, 2015 and April 30, 2015, deferred financing fees, net of amortization, related to our Term Loans,  Senior Notes, and Secured Senior Notes of $110.0 million and $102.4 million, respectively, were reflected on our Condensed Consolidated Balance Sheets as a direct reduction in the carrying amount of our long-term debt.  For the three months ended October 31, 2015 and 2014, we amortized $5.0 million and $5.2 million, respectively, in deferred financing fees which are included in interest expense, net in our Condensed Consolidated Statements of Operations.  For the first six months of fiscal 2016 and 2015, we amortized $9.5 million and $10.3 million, respectively, in deferred financing fees.

In addition, we have recorded debt discounts, net of premiums and accumulated amortization, of $18.7 million and $15.8 million as of October 31, 2015 and April 30, 2015, respectively, as a direct reduction of the carrying amount of our long-term debt.

Affiliate Company Borrowings

In addition to the debt held by Infor and its subsidiaries discussed above, certain affiliates of the Company have other borrowings whichare not reflected in our Condensed Consolidated Financial Statements for any of the periods presented.  These affiliate company borrowings are described below. 

Holding Company PIK Notes

On April 8, 2014, Infor Software Parent, LLC (HoldCo), an indirect holding company of Infor, Inc., and its direct subsidiary Infor Software Parent, Inc., issued $750.0 million in aggregate principal amount of 7.125%/7.875% Senior Contingent Cash Pay Notes (the HoldCo Notes) with net proceeds, after expenses, of approximately $737.8 million. The HoldCo Notes mature on May 1, 2021, and bear interest at the applicable rates per annum that is payable semi-annually in arrears, on May 1 and November 1 each year.

Interest is payable entirely in cash, unless certain conditions are satisfied, in which case interest on the HoldCo Notes may be paid by increasing the principal amount of the HoldCo Notes or by issuing new notes (PIK interest), or through a combination of cash and PIK interest. Interest on the notes, if paid in cash, will accrue at a rate of 7.125% per annum.  PIK interest on the notes will accrue at a rate of 7.875% per annum. As of October 31, 2015 and April 30, 2015, the total balance outstanding related to the HoldCo Notes was $750.0 million.  We may from time-to-time service interest payments related to the HoldCo Notes. Any payment of interest that we may pay will be funded primarily through dividend distributions from Infor to HoldCo.  See Note 17, Related Party Transactions – Dividends Paid to Affiliates.

The HoldCo Notes are HoldCo’s general unsecured senior obligations and are guaranteed only by HoldCo’s direct subsidiary, Infor Lux Bond Company (Lux Bond Co), and are not guaranteed by any of HoldCo’s other subsidiaries including Infor. The HoldCo Notes rank equally in right of payment with any future unsecured indebtedness of HoldCo, will be effectively subordinated to any future secured indebtedness of HoldCo to the extent of the value of the collateral securing such indebtedness, and will be structurally subordinated to all of the existing and future indebtedness and other liabilities of HoldCo’s subsidiaries, including Infor’s borrowings under its senior secured credit facilities and the Senior Notes.

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Supplemental Guarantor Financial Information (Condensed Consolidating Statements of Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Condensed Statement of Income Captions [Line Items]
Net income (loss)	$ (2.8)	$ 13.1	$ 54.7	$ 86.6
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax	2.4	(80.0)	(62.4)	(137.3)
Defined benefit plan funding status, net of tax		0.6	0.2	1.5
Unrealized gain (loss) on derivative instruments, net of tax		(2.5)	0.6	(3.0)
Total other comprehensive income (loss)	2.4	(81.9)	(61.6)	(138.8)
Comprehensive income (loss)	(0.4)	(68.8)	(6.9)	(52.2)
Comprehensive income (loss) attributable to noncontrolling interests	(1.0)		(1.0)
Comprehensive income (loss) attributable to Infor, Inc.	0.6	(68.8)	(5.9)	(52.2)
Infor, Inc. (Parent) [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(1.8)	$ 13.1	55.7	86.6
Other comprehensive income (loss):
Defined benefit plan funding status, net of tax
Comprehensive income (loss)	(1.8)	$ 13.1	55.7	86.6
Comprehensive income (loss) attributable to Infor, Inc.	(1.8)	13.1	55.7	86.6
Infor (US), Inc. (Subsidiary Issuer) [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(1.8)	$ 13.1	55.7	86.6
Other comprehensive income (loss):
Defined benefit plan funding status, net of tax				0.1
Unrealized gain (loss) on derivative instruments, net of tax		$ (2.5)	0.6	(3.0)
Total other comprehensive income (loss)		(2.5)	0.6	(2.9)
Comprehensive income (loss)	(1.8)	10.6	56.3	83.7
Comprehensive income (loss) attributable to Infor, Inc.	(1.8)	10.6	56.3	83.7
Guarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	5.4	$ 3.1	6.7	10.7
Other comprehensive income (loss):
Defined benefit plan funding status, net of tax
Comprehensive income (loss)	5.4	$ 3.1	6.7	10.7
Comprehensive income (loss) attributable to Infor, Inc.	5.4	3.1	6.7	10.7
Non-Guarantor Subsidiaries [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	8.5	5.6	55.2	85.2
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax	2.4	(80.0)	(62.4)	(137.3)
Defined benefit plan funding status, net of tax		0.6	0.2	1.4
Total other comprehensive income (loss)	2.4	(79.4)	(62.2)	(135.9)
Comprehensive income (loss)	10.9	(73.8)	(7.0)	(50.7)
Comprehensive income (loss) attributable to noncontrolling interests	(1.0)		(1.0)
Comprehensive income (loss) attributable to Infor, Inc.	11.9	(73.8)	(6.0)	(50.7)
Eliminations [Member]
Condensed Statement of Income Captions [Line Items]
Net income (loss)	(13.1)	$ (21.8)	(118.6)	(182.5)
Other comprehensive income (loss):
Defined benefit plan funding status, net of tax
Comprehensive income (loss)	(13.1)	$ (21.8)	(118.6)	(182.5)
Comprehensive income (loss) attributable to Infor, Inc.	$ (13.1)	$ (21.8)	$ (118.6)	$ (182.5)

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Document and Entity Information - shares	6 Months Ended
	Oct. 31, 2015	Dec. 08, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2016
Entity Registrant Name	Infor, Inc.
Entity Central Index Key	0001556148
Current Fiscal Year End Date	--04-30
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,000

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Income Taxes

6 Months Ended

Oct. 31, 2015

Income Taxes [Abstract]

Income Taxes

12. Income Taxes 

Income taxes have been provided in accordance with ASC 740, Income Taxes.   The effective tax rate for the periods presented is the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates.  Our effective tax rate may fluctuate as a result of changes in the forecasted annual income level and geographical mix of our operating earnings as well as a result of acquisitions, changes in liabilities recorded for unrecognized tax benefits, changes in the valuation allowances for deferred tax assets, tax settlements with U.S. and foreign tax authorities, and the impact from changes in enacted tax laws. 

Our income tax provision and overall effective tax rates were as follows for the periods indicated: 

		Three Months Ended						Six Months Ended
		October 31,						October 31,
(in millions, except percentages)		2015			2014			2015			2014
Income tax provision	$	6.5		$	19.8		$	16.9		$	32.6
Effective income tax rate		175.7	%		60.2	%		23.6	%		27.3	%

Our provision for income taxes differs from the tax computed at the U.S. federal statutory rate primarily due to certain earnings considered as indefinitely reinvested in foreign operations, states taxes, and foreign earnings taxed at lower income tax rates than in the U.S.

The change in our effective tax rate for the second quarter of fiscal 2016 compared to the second quarter of fiscal 2015 was primarily driven by a reduction in the amount of unrecognized tax benefits, a reduction in the valuation allowances for various foreign deferred tax assets, an increase in foreign earnings subject to U.S. taxes, an increase in nondeductible taxable income, and an increase in the proportion of earnings subject to lower foreign tax rates.

The change in our effective tax rate for the first six months of fiscal 2016 compared to the corresponding period of fiscal 2015 was primarily driven by a decrease in the amount of unrecognized tax benefits, an increase in the valuation allowances for various foreign deferred tax assets, an increase in foreign earnings subject to U.S. taxes, a reduction in the amount of nondeductible taxable income, and an increase in the proportion of foreign earnings subject to lower tax rates.

During the upcoming twelve months ending October 31, 2016, we expect a net reduction of approximately $28.2 million of unrecognized tax benefits, primarily due to the expiration of statutes of limitation in various jurisdictions.

Our net deferred tax assets were $103.9 million and $103.6 million as of October 31, 2015 and April 30, 2015, respectively.  We believe it is more likely than not that the net deferred tax assets will be realized in the foreseeable future. Realization of our net deferred tax assets is dependent upon our generation of sufficient taxable income in future years in appropriate jurisdictions to obtain benefit from the reversal of temporary differences, net operating loss carryforwards and tax credit carryforwards.  The amount of net deferred tax assets considered realizable is subject to adjustment in future periods if estimates of future taxable income change.

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Segment And Geographic Information (Summary Of Revenue By Geographic Region) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Software license fees and subscriptions	$ 139.9	$ 132.8	$ 260.9	$ 324.8
Product updates and support fees	354.3	372.0	710.9	745.7
Software revenues	494.2	504.8	971.8	1,070.5
Consulting services and other fees	169.1	180.8	331.8	368.3
Total revenues	663.3	685.6	1,303.6	1,438.8
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Software license fees and subscriptions	97.9	85.2	185.5	201.8
Product updates and support fees	229.0	231.5	459.6	459.5
Software revenues	326.9	316.7	645.1	661.3
Consulting services and other fees	92.5	90.9	177.7	179.3
Total revenues	419.4	407.6	822.8	840.6
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Software license fees and subscriptions	33.0	37.3	59.0	93.0
Product updates and support fees	99.4	110.4	198.6	225.9
Software revenues	132.4	147.7	257.6	318.9
Consulting services and other fees	64.3	74.5	129.2	156.6
Total revenues	196.7	222.2	386.8	475.5
APAC [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Software license fees and subscriptions	9.0	10.3	16.4	30.0
Product updates and support fees	25.9	30.1	52.7	60.3
Software revenues	34.9	40.4	69.1	90.3
Consulting services and other fees	12.3	15.4	24.9	32.4
Total revenues	$ 47.2	$ 55.8	$ 94.0	$ 122.7

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Supplemental Guarantor Financial Information (Condensed Consolidating Statements of Operations) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Revenues:
Software license fees and subscriptions		$ 139.9	$ 132.8	$ 260.9	$ 324.8
Product updates and support fees		354.3	372.0	710.9	745.7
Software revenues		494.2	504.8	971.8	1,070.5
Consulting services and other fees		169.1	180.8	331.8	368.3
Total revenues		663.3	685.6	1,303.6	1,438.8
Operating expenses:
Cost of software license fees and subscriptions	[1]	39.6	29.0	70.8	62.6
Cost of product updates and support fees	[1]	63.1	65.5	124.8	132.3
Cost of consulting services and other fees	[1]	140.0	138.5	278.8	285.0
Sales and marketing		106.5	119.6	207.9	247.3
Research and development		99.7	104.3	198.9	206.3
General and administrative		46.7	46.1	90.9	106.5
Amortization of intangible assets and depreciation		58.7	61.3	115.4	126.4
Restructuring costs		6.4	3.8	8.2	11.3
Acquisition-related and other costs		9.6	(1.4)	11.6	(0.7)
Total operating expenses		570.3	566.7	1,107.3	1,177.0
Income from operations		93.0	118.9	196.3	261.8
Other expense, net:
Interest expense, net		78.5	88.0	151.1	176.7
Other (income) expense, net		10.8	(2.0)	(26.4)	(34.1)
Total other expense, net		89.3	86.0	124.7	142.6
Income before income tax		3.7	32.9	71.6	119.2
Income tax provision (benefit)		6.5	19.8	16.9	32.6
Net income (loss)		(2.8)	13.1	54.7	86.6
Net income attributable to noncontrolling interests		(1.0)		(1.0)
Net income (loss) attributable to Infor, Inc.		(1.8)	13.1	55.7	86.6
Infor, Inc. (Parent) [Member]
Other expense, net:
Equity in (earnings) loss of subsidiaries		1.8	(13.1)	(55.7)	(86.6)
Net income (loss)		(1.8)	13.1	55.7	86.6
Net income (loss) attributable to Infor, Inc.		(1.8)	13.1	55.7	86.6
Infor (US), Inc. (Subsidiary Issuer) [Member]
Revenues:
Software license fees and subscriptions		81.9	79.3	161.3	185.0
Product updates and support fees		209.1	209.1	418.7	414.6
Software revenues		291.0	288.4	580.0	599.6
Consulting services and other fees		78.7	78.3	152.5	151.0
Total revenues		369.7	366.7	732.5	750.6
Operating expenses:
Cost of software license fees and subscriptions		25.5	17.7	47.5	38.2
Cost of product updates and support fees		33.1	31.4	64.1	62.7
Cost of consulting services and other fees		57.7	51.0	114.1	104.6
Sales and marketing		54.0	62.3	106.6	121.8
Research and development		53.1	55.9	108.8	108.6
General and administrative		4.1	4.8	8.4	16.9
Amortization of intangible assets and depreciation		34.3	36.1	69.8	73.9
Restructuring costs		3.3	0.3	3.8	1.5
Acquisition-related and other costs		8.9	(1.8)	10.8	(1.7)
Affiliate (income) expense, net		47.3	51.0	86.7	119.3
Total operating expenses		321.3	308.7	620.6	645.8
Income from operations		48.4	58.0	111.9	104.8
Other expense, net:
Interest expense, net		78.5	87.7	151.1	176.7
Affiliate interest (income) expense, net		(8.8)	(10.6)	(17.4)	(22.0)
Other (income) expense, net		0.7	(22.5)	(8.1)	(35.2)
Total other expense, net		70.4	54.6	125.6	119.5
Income before income tax		(22.0)	3.4	(13.7)	(14.7)
Income tax provision (benefit)		(5.3)	(1.0)	(6.5)	(5.4)
Equity in (earnings) loss of subsidiaries		(14.9)	(8.7)	(62.9)	(95.9)
Net income (loss)		(1.8)	13.1	55.7	86.6
Net income (loss) attributable to Infor, Inc.		(1.8)	13.1	55.7	86.6
Guarantor Subsidiaries [Member]
Revenues:
Software license fees and subscriptions		1.1	1.1	4.3	7.3
Product updates and support fees		7.7	7.7	15.8	15.3
Software revenues		8.8	8.8	20.1	22.6
Consulting services and other fees		3.9	3.5	6.9	6.9
Total revenues		12.7	12.3	27.0	29.5
Operating expenses:
Cost of software license fees and subscriptions		2.0	2.3	3.7	4.2
Cost of product updates and support fees		0.6	0.6	1.2	1.3
Cost of consulting services and other fees		3.4	4.7	6.7	9.4
Sales and marketing		5.4	6.9	11.2	14.3
Research and development		1.8	2.3	3.7	4.6
General and administrative		30.2	29.8	58.6	62.3
Amortization of intangible assets and depreciation		3.2	3.3	6.4	6.6
Restructuring costs		0.4		0.3	0.2
Acquisition-related and other costs		0.3	0.2	0.4	0.2
Affiliate (income) expense, net		(41.8)	(44.9)	(73.0)	(92.7)
Total operating expenses		5.5	5.2	19.2	10.4
Income from operations		7.2	7.1	7.8	19.1
Other expense, net:
Interest expense, net			0.1		0.2
Affiliate interest (income) expense, net			(0.1)		(0.1)
Total other expense, net					0.1
Income before income tax		7.2	7.1	7.8	19.0
Income tax provision (benefit)		1.8	4.0	1.1	8.3
Net income (loss)		5.4	3.1	6.7	10.7
Net income (loss) attributable to Infor, Inc.		5.4	3.1	6.7	10.7
Non-Guarantor Subsidiaries [Member]
Revenues:
Software license fees and subscriptions		56.9	52.4	95.3	132.5
Product updates and support fees		137.5	155.2	276.4	315.8
Software revenues		194.4	207.6	371.7	448.3
Consulting services and other fees		86.5	99.0	172.4	210.4
Total revenues		280.9	306.6	544.1	658.7
Operating expenses:
Cost of software license fees and subscriptions		11.6	8.7	18.8	19.7
Cost of product updates and support fees		28.2	32.3	57.2	65.9
Cost of consulting services and other fees		77.0	80.8	154.2	167.1
Sales and marketing		45.6	48.9	87.2	108.3
Research and development		41.9	43.2	80.8	87.4
General and administrative		20.4	19.4	39.3	42.7
Amortization of intangible assets and depreciation		21.2	21.9	39.2	45.9
Restructuring costs		2.7	3.5	4.1	9.6
Acquisition-related and other costs		0.4	0.2	0.4	0.8
Affiliate (income) expense, net		(5.5)	(6.1)	(13.7)	(26.6)
Total operating expenses		243.5	252.8	467.5	520.8
Income from operations		37.4	53.8	76.6	137.9
Other expense, net:
Interest expense, net			0.2		(0.2)
Affiliate interest (income) expense, net		8.8	10.7	17.4	22.1
Other (income) expense, net		10.1	20.5	(18.3)	1.1
Total other expense, net		18.9	31.4	(0.9)	23.0
Income before income tax		18.5	22.4	77.5	114.9
Income tax provision (benefit)		10.0	16.8	22.3	29.7
Net income (loss)		8.5	5.6	55.2	85.2
Net income attributable to noncontrolling interests		(1.0)		(1.0)
Net income (loss) attributable to Infor, Inc.		9.5	5.6	56.2	85.2
Eliminations [Member]
Operating expenses:
Cost of software license fees and subscriptions		0.5	0.3	0.8	0.5
Cost of product updates and support fees		1.2	1.2	2.3	2.4
Cost of consulting services and other fees		1.9	2.0	3.8	3.9
Sales and marketing		1.5	1.5	2.9	2.9
Research and development		2.9	2.9	5.6	5.7
General and administrative		(8.0)	(7.9)	(15.4)	(15.4)
Other expense, net:
Equity in (earnings) loss of subsidiaries		13.1	21.8	118.6	182.5
Net income (loss)		(13.1)	(21.8)	(118.6)	(182.5)
Net income (loss) attributable to Infor, Inc.		$ (13.1)	$ (21.8)	$ (118.6)	$ (182.5)

[1] Excludes amortization of intangible assets and depreciation which are separately stated below.

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Condensed Consolidated Statements of Operations - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Revenues:
Software license fees and subscriptions		$ 139.9	$ 132.8	$ 260.9	$ 324.8
Product updates and support fees		354.3	372.0	710.9	745.7
Software revenues		494.2	504.8	971.8	1,070.5
Consulting services and other fees		169.1	180.8	331.8	368.3
Total revenues		663.3	685.6	1,303.6	1,438.8
Operating expenses:
Cost of software license fees and subscriptions	[1]	39.6	29.0	70.8	62.6
Cost of product updates and support fees	[1]	63.1	65.5	124.8	132.3
Cost of consulting services and other fees	[1]	140.0	138.5	278.8	285.0
Sales and marketing		106.5	119.6	207.9	247.3
Research and development		99.7	104.3	198.9	206.3
General and administrative		46.7	46.1	90.9	106.5
Amortization of intangible assets and depreciation		58.7	61.3	115.4	126.4
Restructuring costs		6.4	3.8	8.2	11.3
Acquisition-related and other costs		9.6	(1.4)	11.6	(0.7)
Total operating expenses		570.3	566.7	1,107.3	1,177.0
Income from operations		93.0	118.9	196.3	261.8
Other expense, net:
Interest expense, net		78.5	88.0	151.1	176.7
Other (income) expense, net		10.8	(2.0)	(26.4)	(34.1)
Total other expense, net		89.3	86.0	124.7	142.6
Income before income tax		3.7	32.9	71.6	119.2
Income tax provision		6.5	19.8	16.9	32.6
Net income (loss)		(2.8)	13.1	54.7	86.6
Net loss attributable to noncontrolling interests		(1.0)		(1.0)
Net income (loss) attributable to Infor, Inc.		$ (1.8)	$ 13.1	$ 55.7	$ 86.6

[1] Excludes amortization of intangible assets and depreciation which are separately stated below.

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Accounts Receivable, Net

6 Months Ended

Oct. 31, 2015

Accounts Receivable, Net [Abstract]

Accounts Receivable, Net

6. Accounts Receivable, Net

Accounts receivable, net is comprised of the following for the periods indicated:

		October 31,		April 30,
(in millions)		2015		2015
Accounts receivable	$	294.1	$	308.4
Unbilled accounts receivable		44.7		41.5
Less:  allowance for doubtful accounts		(12.0)		(11.9)
Accounts receivable, net	$	326.8	$	338.0

Unbilled accounts receivable represents revenue recognized on contracts for which billings have not yet been presented to customers because the amounts were earned but not contractually billable as of the balance sheet date.

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Fair Value

6 Months Ended

Oct. 31, 2015

Fair Value [Abstract]

Fair Value

5. Fair Value  

Fair Value Hierarchy 

The FASB has established guidance on financial assets and liabilities and nonfinancial assets and liabilities that are recognized at fair value on a recurring basis and guidance for nonfinancial assets and liabilities that are recognized at fair value on a nonrecurring basis. This guidance defines fair value, establishes a framework for measuring fair value and establishes a fair value hierarchy which requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to measure fair value.

The three levels of the fair value hierarchy are as follows: 

Level 1	—	Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2	—	Inputs other than the quoted prices in active markets that are observable either directly or indirectly including: quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
Level 3	—	Unobservable inputs that are supported by little or no market data, are significant to the fair values of the assets or liabilities, and require the reporting entity to develop its own assumptions.

We measure certain of our financial assets and liabilities at fair value. The following table summarizes the fair value of our financial assets and liabilities that were accounted for at fair value on a recurring basis, by level within the fair value hierarchy, as of October 31, 2015 and April 30, 2015:  

		October 31, 2015
		Fair Value Measurements Using Inputs Considered as
(in millions)		Level 1		Level 2		Level 3		Fair Value
Liabilities
Contingent consideration	$	-	$	-	$	0.6	$	0.6
Derivative instruments		-		19.8		-		19.8
Total	$	-	$	19.8	$	0.6	$	20.4

		April 30, 2015
		Fair Value Measurements Using Inputs Considered as
(in millions)		Level 1		Level 2		Level 3		Fair Value
Assets
Cash equivalents	$	27.0	$	-	$	-	$	27.0
Total	$	27.0	$	-	$	-	$	27.0
Liabilities
Derivative instruments	$	-	$	20.8	$	-	$	20.8
Total	$	-	$	20.8	$	-	$	20.8

Cash equivalents include funds held in money market instruments, are reported at their current carrying value which approximates fair value due to the short-term nature of these instruments, and are included in cash and cash equivalents on our Condensed Consolidated Balance Sheets. Our money market instruments are valued using quoted market prices and are included in Level 1 inputs.

Contingent consideration relates to one of our fiscal 2013 acquisitions.  The estimated fair value of the contingent consideration was based primarily on our estimates of meeting the applicable contingency conditions as per the terms of the applicable agreement. These include estimates of revenue growth rates and our assessment of the probability of meeting such results, with the probability-weighted earn-out then discounted to estimate fair value. As these are unobservable inputs, the contingent consideration is included in Level 3 inputs.  The contingent consideration liability is included in accrued expenses on our Condensed Consolidated Balance Sheets.    See Note 3, Acquisitions.

Derivative instruments consist of interest rate swaps entered into to hedge our market risk relating to possible adverse changes in interest rates.  The fair value of the interest rate swaps is estimated as the net present value of projected cash flows based upon forward interest rates at the balance sheet date.  The models used to value the interest rate swaps are based primarily on readily observable market data, such as LIBOR forward rates, for all substantial terms of the interest rate swap contracts and the credit risk of the counterparties.  As such, these derivative instruments are included in Level 2 inputs. See Note 15, Derivative Financial Instruments.

We have had no transfers of assets/liabilities into or out of Levels 1, 2 or 3 during fiscal 2016 or fiscal 2015.  The following table reconciles the change in our Level 3 assets/liabilities for the periods indicated:

		Fair  Value
		Measurements Using
		Significant
		Unobservable Inputs
(in millions)		Level 3
Balance, April 30, 2015	$	-
Total (gain) loss recorded in earnings		0.6
Balance, October 31, 2015	$	0.6

In addition to the financial assets and liabilities included in the above table, certain nonfinancial assets and liabilities are to be measured at fair value on a nonrecurring basis in accordance with applicable GAAP. In general, nonfinancial assets including goodwill, other intangible assets and property and equipment are measured at fair value when there is an indication of impairment and are recorded at fair value only when any impairment is recognized. As of October 31, 2015, we had not recorded any impairment related to such assets and had no other material nonfinancial assets or liabilities requiring adjustments or write-downs to their current fair value.

As allowed by applicable FASB guidance, we have elected not to apply the fair value option for financial assets and liabilities to any of our currently eligible financial assets or liabilities.  As of October 31, 2015and April 30, 2015,  our material financial assets and liabilities not carried at fair value included our cash and cash equivalents, accounts receivable, accounts payable,accrued expenses and long-term debt. Thesefinancial instruments are recorded at their carrying values which are deemedto approximate fair value, generally due to their short periods to maturity.  

Fair Value of Long-Term Debt 

To estimate fair value of our long-term debt for disclosure purposes,  we used recent market transactions and related market quotes of the bid and ask pricing of our long-term debt (Level 2 on the fair value hierarchy). At October 31, 2015 and April 30, 2015, the total carrying value of our long-term debt was approximately $5.7 billion and $5.2 billion, respectively, and the estimated fair value of our long-term debt was approximately $5.6 billion and $5.4 billion, respectively.

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Related Party Transactions

6 Months Ended

Oct. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

17. Related Party Transactions 

Sponsor Transactions

Golden Gate Capital and Summit Partners, L.P. (Summit Partners, and together with Golden Gate Capital, the Sponsors) are our largest investors.  We have entered into advisory agreements with our Sponsors pursuant to which we have retained them to provide advisory services relating to financing and strategic business planning, acquisitions and investments, analysis and oversight, executive recruiting and certain other services. We recognize these management fees as a component of general and administrative expenses in our Condensed Consolidated Statement of Operations.

The following table sets forthmanagement fees and expenses rendered under the advisory agreements in connection with acquisitions, debt refinancing and other advisory services for the periods indicated: 

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
Golden Gate Capital	$	1.4	$	1.5	$	2.8	$	3.0
Summit Partners		0.5		0.5		1.0		1.0
Total management fees and expenses	$	1.9	$	2.0	$	3.8	$	4.0

At October 31, 2015, $2.2 million of these fees primarily related to Golden Gate Capital remained unpaid. 

In connection with the issuance of our Senior Secured Notes in the second quarter of fiscal 2016, we capitalized as deferred financing fees $2.5 million in fees paid to Angel Island Capital Services, LLC, an affiliate of Golden Gate Capital.  In addition, we expensed buyer transaction fees of approximately $4.8 million payable to Golden Gate Capital and $1.9 million payable to Summit Partners in connection with the GT Nexus Acquisition.  These transaction fees are include in acquisition-related and other costs in our Condensed Consolidated Statement of Operationsfor the fiscal periods ended October 31, 2015, and are included in other long-term liabilities on our Condensed Consolidated Balance Sheets as of October 31, 2015. We did not capitalize or expense any similar fees in the comparable period last year.

In the normal course of business, we may sell products and services to companies owned by our Sponsors.  Sales to companies owned by Golden Gate Capital and Summit Partners are recognized according to our revenue recognition policy as described in Note 2, Summary of Significant Accounting Policies.  Sales to Golden Gate Capital-owned companies were approximately $0.4 million and $0.6 million in the three months and six months ended October 31, 2015, respectively, and $0.3 million and $0.6 million in the comparable periods of fiscal 2015. We had no sales to companies owned by Summit Partners in the first six months of fiscal 2016 or the corresponding prior period. 

We have made an immaterial amount of payments to companies owned by Golden Gate Capital and Summit Partners for products and services in the current quarter and first six months of fiscal 2016 and in the comparable periods of fiscal 2015.  

Due to/from Affiliates

Infor, through certain of our subsidiaries, had net receivables from our affiliates, primarily HoldCo and Lux Bond Co, of $36.9 million and $35.3 million as of October 31, 2015 and April 30, 2015, respectively. These receivables arose primarily due to our payment of deferred financing fees and interest related to Lux Bond Co’s debt and are included in receivable from stockholders in the equity section on our Condensed Consolidated Balance Sheets.

Infor has entered into a Tax Allocation Agreement with GGC Software Parent, Inc., an affiliate of Lux Bond Co (the Tax Allocation Agreement). The Company is included in the GGC Software Parent, Inc. consolidated federal income tax return and the Tax Allocation Agreement sets forth the obligation of Infor and our domestic subsidiaries with regard to preparing and filing tax returns and allocating tax payments under the consolidated reporting rules of the Internal Revenue Code and similar state and local tax laws governing combined or consolidated filings. The Tax Allocation Agreement provides that each domestic subsidiary that is a member of the consolidated, unitary or combined tax group will pay its share of the taxes of the group.

Prior to the second quarter of fiscal 2015, payments of amounts recorded under the terms of the Tax Allocation Agreement were generally recorded as a decrease in our receivable from stockholders. In the first six months of fiscal 2015, we recorded payments of $5.0 million related to the Tax Allocation Agreement as reductions to our receivable from stockholders. 

Beginning in the second quarter of fiscal 2015, certain payments made under the Tax Allocation Agreement have been recorded against affiliate payable, which is included in accounts payable on our Condensed Consolidated Balance Sheets.In the first six months of fiscal 2016and 2015, we made payments of $8.5million and $11.7 million, respectively, under the Tax Allocation Agreement, which were recorded against affiliate payable.  We had $9.0 million and $6.4 million payable under the Tax Allocation Agreement as of October 31, 2015 and April 30, 2015, respectively.

Dividends Paid to Affiliates

In the first six months of fiscal 2016 we paid dividends to certain of our affiliates totaling $17.0 million related to the funding of semi-annual interest on our affiliate’s debt. In April 2015, HoldCo elected to pay semi-annual interest due related to the HoldCo Notes of approximately $26.7 million in cash (i) with $1.2 million cash on-hand, (ii) with amounts we funded through dividend distributions from Infor to HoldCo of $17.0 million, which were accrued as of April 30, 2015, and (iii) through certain payments made under the Tax Allocation Agreement, totaling $8.5 million. The dividends and amounts due under the Tax Allocation Agreement were paid on May 1, 2015.

In addition, as of October 31, 2015, we had accrued dividends payable of $18.0 million related to our funding of the semi-annual interest on the HoldCo Notes. In October 2015, HoldCo elected to pay the semi-annual interest due on November 2, 2015, related to the HoldCo Notes of approximately $27.3 million in cash (i) with $0.3 million cash on-hand, (ii) with amounts we funded through dividend distributions from Infor to HoldCo of $18.0 million which were accrued as of October 31, 2015, and (iii) through payments made under the Tax Allocation Agreement of $9.0 million. The dividends and amounts due under the Tax Allocation Agreement were paid subsequent to quarter end on November 2, 2015.

In the second quarter of fiscal 2015 we paid dividends to certain of our affiliates totaling $42.7 million. In October 2014, HoldCo elected to pay interest due related to the HoldCo Notes of $30.1 million in cash and we funded the semi-annual interest due related to the HoldCo Notes through (i) dividend distributions from Infor to HoldCo of $21.6 million and (ii) payments made under the Tax Allocation Agreement of $8.5 million. In October 2014, we made dividend distributions of approximately $21.1 million to Infor Enterprise Applications, LP, an affiliate of the parent company of Infor, to fund equity distributions to members of our executive management team under certain of their equity awards.     

In future periods, we may from time-to-time service additional interest payments related to the HoldCo Notes through further dividend distributions.

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Comprehensive Income (Loss)

6 Months Ended

Oct. 31, 2015

Comprehensive Income (Loss) [Abstract]

Comprehensive Income (Loss)

13. Comprehensive Income (Loss)

Comprehensive income (loss) is the change in equity of a business enterprise from non-stockholder transactions impacting stockholders’ deficit that are not included in the statement of operations and are reported as a separate component of stockholders’ deficit. Other comprehensive income (loss) includes the change in foreign currency translation adjustments, changes in defined benefit plan obligations, and unrealized gain (loss) on derivative instruments.  

We report accumulated other comprehensive income (loss) as a separate line item in the stockholders’ deficit section of our Condensed Consolidated Balance Sheets. We report the components of comprehensive income (loss) on our Condensed Consolidated Statements of Comprehensive Income (Loss).   

Total accumulated other comprehensive income (loss) and its components were as follows for the periods indicated:  

		Foreign		Funded Status		Derivative		Accumulated
		Currency		of Defined		Instruments		Other
		Translation		Benefit		Unrealized		Comprehensive
(in millions)		Adjustment		Pension Plan(1)		Gain (Loss)(2)		Income (Loss)
Balance, April 30, 2015	$	(211.5)	$	(16.3)	$	(12.8)	$	(240.6)
Other comprehensive income (loss)		(62.4)		0.2		0.6		(61.6)
Balance, October 31, 2015	$	(273.9)	$	(16.1)	$	(12.2)	$	(302.2)

________________

(1)Funded status of defined benefit pension plan is presented net of tax benefit of $4.6 million and $4.6 million as of October 31, 2015 and April 30, 2015, respectively.

(2)Derivative instruments unrealized gain (loss) is presented net of tax benefit of $7.6 million and $8.0 million as of October 31, 2015 and April 30, 2015, respectively.

The components of other comprehensive income (loss),including amounts reclassified out of accumulated other comprehensive income (loss), were as follows for the periods indicated:

(in millions)				Income Tax
Three Months Ended		Before-Tax		(Expense) Benefit		Net-of-Tax
October 31, 2015
Foreign currency translation adjustment	$	2.4	$	-	$	2.4
Change in funded status of defined benefit plans		-		-		-
Derivative instruments unrealized loss		(2.9)		1.0		(1.9)
Reclassification adjustments:
Amortization of derivative instruments unrealized loss		3.0		(1.1)		1.9
Other comprehensive income (loss)	$	2.5	$	(0.1)	$	2.4
October 31, 2014
Foreign currency translation adjustment	$	(80.0)	$	-	$	(80.0)
Change in funded status of defined benefit plans		0.6		-		0.6
Derivative instruments unrealized loss		(4.1)		1.6		(2.5)
Other comprehensive income (loss)	$	(83.5)	$	1.6	$	(81.9)
(in millions)				Income Tax
Six Months Ended		Before-Tax		(Expense) Benefit		Net-of-Tax
October 31, 2015
Foreign currency translation adjustment	$	(62.4)	$	-	$	(62.4)
Change in funded status of defined benefit plans		0.2		-		0.2
Derivative instruments unrealized gain (loss)		(4.9)		1.9		(3.0)
Reclassification adjustments:
Amortization of derivative instruments unrealized loss		5.9		(2.3)		3.6
Other comprehensive income (loss)	$	(61.2)	$	(0.4)	$	(61.6)
October 31, 2014
Foreign currency translation adjustment	$	(137.3)	$	-	$	(137.3)
Change in funded status of defined benefit plans		1.6		(0.1)		1.5
Derivative instruments unrealized gain (loss)		(4.9)		1.9		(3.0)
Other comprehensive income (loss)	$	(140.6)	$	1.8	$	(138.8)

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Related Party Transactions (Golden Gate Capital) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Golden Gate Capital [Member]
Related Party Transactions [Line Items]
Related party management fee unpaid	$ 2.2		$ 2.2
Related party acquisition related and other costs			4.8
Related party revenue	0.4	$ 0.3	0.6	$ 0.6
Payments to related party affiliates			$ 0.0	$ 0.0
Angel Island Capital Services, LLC [Member]
Related Party Transactions [Line Items]
Related party capitalized deferred financing fees	$ 2.5

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Equity-Based Compensation

6 Months Ended

Oct. 31, 2015

Equity-Based Compensation [Abstract]

Equity-Based Compensation

9. Equity-Based Compensation 

We account for equity-based payments, including grants of employee stock options, restricted stock and other equity-based awards, in accordance with ASC 718, Compensation—Stock Compensation, which requires that equity-based payments (to the extent they are compensatory) be recognized in our results of operations based on their fair values and the estimated number of securities we ultimately expect will vest. We utilize the Option-Pricing Method to estimate the fair value of our equity awards. All equity-based payments are based upon equity issued by a parent company of Infor, Inc. Pursuant to applicable FASB guidance related to equity-based awards, we have reflected equity-based compensation expense related to our parent company’s equity grants within our results of operations with an offset to additional paid-in capital.

The following table presents the equity-based compensation expense recognized in our Condensed Consolidated Statements of Operations, by category, for the periods indicated:  

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
Cost of software license fees and subscriptions	$	-	$	0.2	$	-	$	0.2
Cost of product updates and support fees		-		0.2		0.1		0.6
Cost of consulting services and other fees		-		0.3		-		0.3
Sales and marketing		0.4		1.7		0.7		3.5
Research and development		0.3		1.1		0.6		2.6
General and administrative		1.2		2.3		1.8		5.8
Total	$	1.9	$	5.8	$	3.2	$	13.0

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Accrued Expenses (Details) - USD ($) $ in Millions	Oct. 31, 2015	Apr. 30, 2015
Accrued Expenses [Line Items]
Compensation and employee benefits	$ 158.0	$ 157.3
Taxes other than income	17.9	25.2
Royalties and partner commissions	51.8	54.5
Litigation	2.0	1.6
Professional fees	7.0	8.2
Subcontractor expense	7.0	7.9
Interest	92.4	22.6
Restructuring	6.5	3.7
Asset retirement obligations	2.9	1.4
Deferred rent	3.3	3.5
Other	49.8	53.2
Accrued expenses	398.6	339.1
Dividends Accrued [Member]
Accrued Expenses [Line Items]
Other	$ 18.0	$ 17.0

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Intangible Assets

6 Months Ended

Oct. 31, 2015

Intangible Assets [Abstract]

Intangible Assets

7. Intangible Assets, Net

Our intangible assets, net consist of the following for the periods indicated: 

		October 31, 2015						April 30, 2015
		Gross						Gross					Estimated
		Carrying		Accumulated				Carrying		Accumulated			Useful Lives
(in millions)		Amounts		Amortization		Net (1)		Amounts		Amortization		Net	(in years)
Customer contracts
and relationships	$	1,991.7	$	1,223.4	$	768.3	$	1,735.2	$	1,168.4	$	566.8	2 - 15
Acquired and
developed technology		1,117.5		893.7		223.8		1,029.2		868.5		160.7	2 - 11
Tradenames		137.9		128.9		9.0		132.6		129.1		3.5	1 - 20
Total	$	3,247.1	$	2,246.0	$	1,001.1	$	2,897.0	$	2,166.0	$	731.0

(1)Net intangible assets decreased from April 30, 2015 to October 31, 2015 by approximately $5.8 million due to cumulative foreign currency translation adjustments, reflecting movement in the currencies of the applicable underlying entities.

The following table presents amortization expense recognized in our Condensed Consolidated Statements of Operations, by asset type, for the periods indicated:

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
Customer contracts and relationships	$	34.3	$	35.9	$	67.0	$	73.1
Acquired and developed technology		16.1		17.8		32.5		36.2
Tradenames		0.3		0.3		0.4		2.0
Total	$	50.7	$	54.0	$	99.9	$	111.3

The estimated future annual amortization expense related to these intangible assets as of October 31, 2015, was as follows:  

(in millions)
Fiscal 2016 (remaining 6 months)	$	110.8
Fiscal 2017		179.8
Fiscal 2018		132.4
Fiscal 2019		115.2
Fiscal 2020		106.5
Fiscal 2021		100.5
Thereafter		255.9
Total	$	1,001.1

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Accrued Expenses

6 Months Ended

Oct. 31, 2015

Accrued Expenses [Abstract]

Accrued Expenses

8. Accrued Expenses 

Accrued expenses consisted of the following for the periods indicated:

		October 31,		April 30,
(in millions)		2015		2015
Compensation and employee benefits	$	158.0	$	157.3
Taxes other than income		17.9		25.2
Royalties and partner commissions		51.8		54.5
Litigation		2.0		1.6
Professional fees		7.0		8.2
Subcontractor expense		7.0		7.9
Interest		92.4		22.6
Restructuring		6.5		3.7
Asset retirement obligations		2.9		1.4
Deferred rent		3.3		3.5
Other		49.8		53.2
Accrued expenses	$	398.6	$	339.1

Included above in other accrued expenses as of October 31, 2015 and April 30, 2015, is approximately $18.0 million and $17.0 million, respectively, pertaining to dividends accrued related to our funding of interest on our affiliate company’s debt.  These dividends were settled in the third and first quarters of fiscal 2016, respectively.  See Note 17, Related Party Transactions – Dividends Paid to Affiliates.

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Restructuring Charges

6 Months Ended

Oct. 31, 2015

Restructuring Charges [Abstract]

Restructuring Charges

10. Restructuring Charges

We have recorded restructuring charges related to our acquisitions and on occasion to eliminate redundancies, improve our operational efficiency and reduce our operating costs. These cost reduction measures included workforce reductions relating to restructuring our workforce, the exiting of certain leased facilities and the consolidation of space in certain other facilities. In accordance with applicable FASB guidance, our restructuring charges are broken down into acquisition-related and other restructuring costs. These restructuring charges include employee severance costs and costs related to the reduction of office space. No business activities of the companies that we have acquired were discontinued. The workforce reductions were typically from all functional areas of our operations.

Fiscal 2016 Restructuring Charges

During the first six months of fiscal 2016, we incurred restructuring costs of $7.5 million for employee severance costs related to personnel actions across all functions primarily in the Americas and EMEA regions and facilities charges related to exiting or consolidation of space in facilities primarily in the Americas region. We made cash payments of approximately $1.8 million during the first six months of fiscal 2016 related to these actions. We expect to complete the remainder of these actions over the next twelve months.

Fiscal 2016 Acquisition-Related Charges

During the first six months of fiscal 2016, we incurred acquisition-related restructuring costs of $0.9 million related to the operations of GT Nexus that we acquired in the second quarter of fiscal 2016. These restructuring charges included employee severance costs related to redundant positions.  During the first six months of fiscal 2016, we did not make any cash payments related to these severance actions. We expect to complete the remainder of these actions over the next twelve months.

Fiscal 2015 Restructuring Charges

During fiscal 2015, we incurred restructuring costs related primarily to employee severance costs for personnel in our sales and professional services organizations primarily in the EMEA region as well as personnel in our product development organization primarily in the APAC region. During the first six months of fiscal 2016, we recorded restructuring cost reversals of $0.4 million and we made cash payments of approximately $1.3 million related to these actions. The majority of these restructuring activities were completed in fiscal 2015. We expect to complete the remainder of the actions in fiscal 2016.

Previous Restructuring and Acquisition-Related Charges

Prior to fiscal 2015, we had completed certain restructuring activities as well as a series of acquisition-related restructuring actions. During the first six months of fiscal 2016 we recorded $0.2 million in adjustments to these restructuring charges and made net cash payments of $0.9 million. The remaining accruals associated with these prior restructuring charges relate primarily to lease obligations associated with the closure of redundant offices acquired in prior business combinations, as well as contractual payment obligations of severed employees. Actions related to these restructuring activities have been completed.

The following table sets forth the reserve activity related to our restructuring plans for the six-month period ended October 31, 2015.  The adjustments to costs in the tables below consist of adjustments to the accrual that were accounted for as an adjustment to current period earnings (Expense) or adjustments to the accrual that were related to the impact of fluctuations in foreign currency exchange rates (Foreign Currency Effect):

						Adjustment to Costs										Total
		Balance						Foreign				Balance		Total Costs		Expected
		April 30,		Initial				Currency		Cash		October 31,		Recognized		Program
(in millions)		2015		Costs		Expense		Effect		Payments		2015		to Date		Costs
Fiscal 2016 restructuring
Severance	$	-	$	5.7	$	-	$	(0.1)	$	(1.8)	$	3.8	$	5.7	$	5.7
Facilities and other		-		1.8		-		(0.1)		-		1.7		1.6		1.6
Total fiscal 2016 restructuring		-		7.5		-		(0.2)		(1.8)		5.5		7.3		7.3
Fiscal 2016 acquisition-related
Severance		-		0.9		-		-		-		0.9		0.9		0.9
Total fiscal 2016 acquisition-related		-		0.9		-		-		-		0.9		0.9		0.9
Fiscal 2015 restructuring
Severance		2.2		-		(0.4)		-		(1.3)		0.5		10.2		10.2
Total fiscal 2015 restructuring		2.2		-		(0.4)		-		(1.3)		0.5		10.2		10.2
Previous restructuring
Severance		0.6		-		(0.1)		-		(0.2)		0.3		31.4		31.4
Facilities and other		0.3		-		0.1		-		(0.3)		0.1		2.3		2.3
Total previous restructuring		0.9		-		-		-		(0.5)		0.4		33.7		33.7
Previous acquisition-related
Severance		0.4		-		-		-		-		0.4		40.5		40.5
Facilities and other		0.4		-		0.2		-		(0.4)		0.2		4.0		4.0
Total previous acquisition-related		0.8		-		0.2		-		(0.4)		0.6		44.5		44.5
Total restructuring	$	3.9	$	8.4	$	(0.2)	$	(0.2)	$	(4.0)	$	7.9	$	96.6	$	96.6

The remaining restructuring reserve accruals related to severance and current facilities costs are included in accrued expenses with the long-term facilities cost reserve included in other long-term liabilities on our Condensed Consolidated Balance Sheets.

The following table summarizes the restructuring charges reflected in our results of operations for the periods indicated for each of our reportable segments including charges related to those functions not allocated to our segments.

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
License	$	0.6	$	2.2	$	1.6	$	4.9
Maintenance		0.6		0.5		1.2		1.0
Consulting		1.0		(0.5)		1.1		4.3
General and administrative and other functions		4.2		1.6		4.3		1.1
Total restructuring costs	$	6.4	$	3.8	$	8.2	$	11.3

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Restructuring Charges (Schedule Of Restructuring Charges By Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 6.4	$ 3.8	$ 8.2	$ 11.3
License [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0.6	2.2	1.6	4.9
Maintenance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0.6	0.5	1.2	1.0
Consulting [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1.0	(0.5)	1.1	4.3
General and administrative and other functions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 4.2	$ 1.6	$ 4.3	$ 1.1

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Related Party Transactions (Summit Partners) (Details) - Summit Partners [Member] - USD ($) $ in Millions	6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Related Party Transactions [Line Items]
Related party revenue	$ 0.0	$ 0.0
Related party acquisition related and other costs	$ 1.9

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Debt (Schedule of Long-term Debt Maturities) (Details) $ in Millions	Oct. 31, 2015 USD ($)
Debt [Abstract]
Fiscal 2016 (remaining 6 months)
Fiscal 2017	$ 2.0
Fiscal 2018	26.7
Fiscal 2019	34.2
Fiscal 2020	34.2
Fiscal 2021	3,700.2
Thereafter	2,015.2
Total	$ 5,812.5

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Restructuring Charges (Schedule of Restructuring Activity) (Details) $ in Millions	6 Months Ended
	Oct. 31, 2015 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	$ 3.9
Initial Costs	8.4
Adjustment to Costs - Expense	(0.2)
Adjustment to Costs - Foreign Currency Effect	(0.2)
Cash Payments	(4.0)
Restructuring Reserve - Ending Balance	7.9
Total Costs Recognized to Date	96.6
Total Expected Program Costs	96.6
Fiscal 2016 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Initial Costs	7.5
Adjustment to Costs - Foreign Currency Effect	(0.2)
Cash Payments	(1.8)
Restructuring Reserve - Ending Balance	5.5
Total Costs Recognized to Date	7.3
Total Expected Program Costs	7.3
Fiscal 2016 Acquisition-related [Member]
Restructuring Cost and Reserve [Line Items]
Initial Costs	0.9
Cash Payments	0.0
Restructuring Reserve - Ending Balance	0.9
Total Costs Recognized to Date	0.9
Total Expected Program Costs	0.9
Fiscal 2015 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	2.2
Adjustment to Costs - Expense	(0.4)
Cash Payments	(1.3)
Restructuring Reserve - Ending Balance	0.5
Total Costs Recognized to Date	10.2
Total Expected Program Costs	10.2
Previous Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	0.9
Cash Payments	(0.5)
Restructuring Reserve - Ending Balance	0.4
Total Costs Recognized to Date	33.7
Total Expected Program Costs	33.7
Previous Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	0.8
Adjustment to Costs - Expense	0.2
Cash Payments	(0.4)
Restructuring Reserve - Ending Balance	0.6
Total Costs Recognized to Date	44.5
Total Expected Program Costs	44.5
Severance [Member] | Fiscal 2016 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Initial Costs	5.7
Adjustment to Costs - Foreign Currency Effect	(0.1)
Cash Payments	(1.8)
Restructuring Reserve - Ending Balance	3.8
Total Costs Recognized to Date	5.7
Total Expected Program Costs	5.7
Severance [Member] | Fiscal 2016 Acquisition-related [Member]
Restructuring Cost and Reserve [Line Items]
Initial Costs	0.9
Restructuring Reserve - Ending Balance	0.9
Total Costs Recognized to Date	0.9
Total Expected Program Costs	0.9
Severance [Member] | Fiscal 2015 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	2.2
Adjustment to Costs - Expense	(0.4)
Cash Payments	(1.3)
Restructuring Reserve - Ending Balance	0.5
Total Costs Recognized to Date	10.2
Total Expected Program Costs	10.2
Severance [Member] | Previous Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	0.6
Adjustment to Costs - Expense	(0.1)
Cash Payments	(0.2)
Restructuring Reserve - Ending Balance	0.3
Total Costs Recognized to Date	31.4
Total Expected Program Costs	31.4
Severance [Member] | Previous Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	0.4
Restructuring Reserve - Ending Balance	0.4
Total Costs Recognized to Date	40.5
Total Expected Program Costs	40.5
Facilities and other [Member] | Fiscal 2016 Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Initial Costs	1.8
Adjustment to Costs - Foreign Currency Effect	(0.1)
Restructuring Reserve - Ending Balance	1.7
Total Costs Recognized to Date	1.6
Total Expected Program Costs	1.6
Facilities and other [Member] | Previous Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	$ 0.3
Initial Costs
Adjustment to Costs - Expense	$ 0.1
Adjustment to Costs - Foreign Currency Effect
Cash Payments	$ (0.3)
Restructuring Reserve - Ending Balance	0.1
Total Costs Recognized to Date	2.3
Total Expected Program Costs	2.3
Facilities and other [Member] | Previous Acquisition Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance	$ 0.4
Initial Costs
Adjustment to Costs - Expense	$ 0.2
Adjustment to Costs - Foreign Currency Effect
Cash Payments	$ (0.4)
Restructuring Reserve - Ending Balance	0.2
Total Costs Recognized to Date	4.0
Total Expected Program Costs	$ 4.0

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Supplemental Guarantor Financial Information (Condensed Consolidating Statements of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used in) by operating activities		$ 115.5	$ 60.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		(549.3)	(30.1)
Change in restricted cash			19.0
Purchases of property, equipment and software		(28.8)	(20.3)
Net cash used in investing activities		(578.1)	(31.4)
Cash flows from financing activities:
Dividends paid	$ (42.7)	(17.0)	(42.7)
Loans to stockholders		(1.6)	(0.2)
Payments on capital lease obligations		(1.3)	(1.4)
Proceeds from issuance of debt		495.0
Payments on long-term debt		(17.1)	(71.6)
Deferred financing fees		(16.5)
Other		(0.8)	(8.5)
Net cash provided by (used in) financing activities		440.7	(124.4)
Effect of exchange rate changes on cash and cash equivalents		(5.8)	(23.2)
Net decrease in cash and cash equivalents		(27.7)	(118.5)
Cash and cash equivalents at the beginning of the period		526.7	447.1
Cash and cash equivalents at the end of the period	328.6	499.0	328.6
Infor (US), Inc. (Subsidiary Issuer) [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used in) by operating activities		111.6	61.5
Cash flows from investing activities:
Acquisitions, net of cash acquired		(549.3)	(27.3)
Change in restricted cash			18.3
Purchases of property, equipment and software		(22.3)	(6.9)
Net cash used in investing activities		(571.6)	(15.9)
Cash flows from financing activities:
Dividends paid		(17.0)	(42.7)
Loans to stockholders		(1.6)	(0.2)
Payments on capital lease obligations		(0.2)	(0.2)
Proceeds from issuance of debt		495.0
Payments on long-term debt		(17.1)	(71.6)
(Payments) proceeds from affiliate within group		(11.6)	(0.3)
Deferred financing fees		(16.5)
Other		(0.8)	(8.5)
Net cash provided by (used in) financing activities		430.2	(123.5)
Net decrease in cash and cash equivalents		(29.8)	(77.9)
Cash and cash equivalents at the beginning of the period		86.7	136.6
Cash and cash equivalents at the end of the period	58.7	56.9	58.7
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used in) by operating activities		2.6	2.9
Cash flows from investing activities:
Purchases of property, equipment and software		(2.6)	(2.9)
Net cash used in investing activities		(2.6)	(2.9)
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided (used in) by operating activities		1.3	(3.9)
Cash flows from investing activities:
Acquisitions, net of cash acquired			(2.8)
Change in restricted cash			0.7
Purchases of property, equipment and software		(3.9)	(10.5)
Net cash used in investing activities		(3.9)	(12.6)
Cash flows from financing activities:
Payments on capital lease obligations		(1.1)	(1.2)
(Payments) proceeds from affiliate within group		11.6	0.3
Net cash provided by (used in) financing activities		10.5	(0.9)
Effect of exchange rate changes on cash and cash equivalents		(5.8)	(23.2)
Net decrease in cash and cash equivalents		2.1	(40.6)
Cash and cash equivalents at the beginning of the period		440.0	310.5
Cash and cash equivalents at the end of the period	$ 269.9	$ 442.1	$ 269.9

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Intangible Assets (Tables)

6 Months Ended

Oct. 31, 2015

Intangible Assets [Abstract]

Schedule of Intangible Assets Subject to Amortization

		October 31, 2015						April 30, 2015
		Gross						Gross					Estimated
		Carrying		Accumulated				Carrying		Accumulated			Useful Lives
(in millions)		Amounts		Amortization		Net (1)		Amounts		Amortization		Net	(in years)
Customer contracts
and relationships	$	1,991.7	$	1,223.4	$	768.3	$	1,735.2	$	1,168.4	$	566.8	2 - 15
Acquired and
developed technology		1,117.5		893.7		223.8		1,029.2		868.5		160.7	2 - 11
Tradenames		137.9		128.9		9.0		132.6		129.1		3.5	1 - 20
Total	$	3,247.1	$	2,246.0	$	1,001.1	$	2,897.0	$	2,166.0	$	731.0

(1)Net intangible assets decreased from April 30, 2015 to October 31, 2015 by approximately $5.8 million due to cumulative foreign currency translation adjustments, reflecting movement in the currencies of the applicable underlying entities.

Intangible Assets Amortization Expense

		Three Months Ended				Six Months Ended
		October 31,				October 31,
(in millions)		2015		2014		2015		2014
Customer contracts and relationships	$	34.3	$	35.9	$	67.0	$	73.1
Acquired and developed technology		16.1		17.8		32.5		36.2
Tradenames		0.3		0.3		0.4		2.0
Total	$	50.7	$	54.0	$	99.9	$	111.3

Schedule of Estimated Future Amortization Expense Related to Intangible Assets

(in millions)
Fiscal 2016 (remaining 6 months)	$	110.8
Fiscal 2017		179.8
Fiscal 2018		132.4
Fiscal 2019		115.2
Fiscal 2020		106.5
Fiscal 2021		100.5
Thereafter		255.9
Total	$	1,001.1

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Acquisitions (Schedule Summarizing Allocation of GT Nexus Purchase Consideration) (Details) - USD ($) $ in Millions	Oct. 31, 2015	Sep. 18, 2015	Apr. 30, 2015
Goodwill	$ 4,366.0		$ 4,045.8
GT Nexus, Inc. [Member]
Cash		$ 14.8
Accounts receivable		36.5
Other current assets		13.9
Other non-current assets		9.0
Goodwill		369.9
Deferred revenue		(11.3)
Current liabilities assumed		(32.6)
Long-term liabilities assumed		(87.7)
Noncontrolling Interests		(10.2)
Total fair value of net assets acquired		675.0
Less fair value of redeemable noncontrolling interests		(125.0)
Purchase consideration		550.0
GT Nexus, Inc. [Member] | Existing Technology [Member]
Identified intangible assets		93.3
GT Nexus, Inc. [Member] | Customer Relationships [Member]
Identified intangible assets		273.5
GT Nexus, Inc. [Member] | Tradenames [Member]
Identified intangible assets		$ 5.9

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Derivative Financial Instruments

6 Months Ended

Oct. 31, 2015

Derivative Financial Instruments [Abstract]

Derivative Financial Instruments

15. Derivative Financial Instruments

We have entered into certain interest rate swaps with notional amounts totaling $945.0 million to limit our exposure to floating interest rate risk related to a significant portion of the outstanding balance of our Term Loans. See Note 11, Debt. We entered into these interest rate swaps to mitigate our exposure to the variability of the three-month LIBOR for our floating rate debt. We have designated these instruments as cash flow hedges upon initiation, and we anticipate that these hedges will be highly effective at their inception and on an on-going basis. These interest rate swaps had an effective date of March 31, 2015, with a 30-month term expiring September 29, 2017, and have a 1.25% floor. 

The following table presents the fair values of the derivative financial instruments included on our Condensed Consolidated Balance Sheets at the dates indicated:  

					Balance Sheet		Fair Value at
		Notional	Derivative		Classification		October 31,		April 30,
(in millions, except percentages)		Amount	Base		Asset (Liability)		2015		2015
Accounting cash flow hedges:
Interest rate swap	$	425.3	2.4725	%	Accrued expenses	$	(5.2)	$	(4.7)
					Other long-term liabilities		(3.6)		(4.8)
Interest rate swap		212.6	2.4740	%	Accrued expenses		(2.6)		(2.3)
					Other long-term liabilities		(1.9)		(2.5)
Interest rate swap		212.6	2.4750	%	Accrued expenses		(2.6)		(2.4)
					Other long-term liabilities		(1.9)		(2.0)
Interest rate swap		94.5	2.4725	%	Accrued expenses		(1.1)		(1.1)
					Other long-term liabilities		(0.9)		(1.0)
Total	$	945.0			Total, net asset (liability)	$	(19.8)	$	(20.8)

The following table presents the before-tax impact of the derivative financial instruments on our other comprehensive income (OCI), accumulated other comprehensive income (AOCI), and our statement of operations for the periods indicated:

			Three Months Ended				Six Months Ended
	Statement of		October 31,				October 31,
(in millions)	Operations Location		2015		2014		2015		2014
Accounting cash flow hedges:
Interest rate swaps
Effective portion - gain (loss) recognized in OCI		$	(2.9)	$	(4.1)	$	(4.9)	$	(4.9)
(Gain) loss reclassified from AOCI into net income	Interest expense, net	$	3.0	$	-	$	5.9	$	-

We have no other derivative instruments designated as accounting hedges and no derivatives that are not designated as hedging instruments. The amounts reflected in the above tables do not include any adjustments to reflect the impact of deferred income taxes. For all periods presented, there were no gains or losses recognized in income related to hedge ineffectiveness.

As of October 31, 2015,approximately $11.5 million of the amounts included in accumulated other comprehensive income (loss) related to our derivative instruments is expected to be reclassified into earnings during the next twelve months. This estimate is based on the effective date of our interest rate swaps and the timing of the occurrence of the hedged forecasted transactions. The maximum term over which we are hedging our exposure to the variability of future cash flows (for all forecasted transactions) is approximately twoyears.

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Summary of Significant Accounting Policies (Policy)

6 Months Ended

Oct. 31, 2015

Summary of Significant Accounting Policies [Abstract]

Revenue Recognition

Revenue Recognition  

We generate revenues primarily by licensing software and Software-as-a-Service (SaaS) subscriptions, providing software support and product updates, and providing consulting services to our customers. We record all revenues in accordance with the guidance provided by ASC 985-605, Software—Revenue Recognition, and ASC 605, Revenue Recognition. Revenue is recorded net of applicable taxes.  

Our software license fees and subscriptions revenues are primarily from sales of perpetual software licenses granting customers use of our software products and access to software products through our SaaS subscription offerings. Software license fees are recognized when the following criteria are met: 1) there is persuasive evidence of an arrangement, 2) the software product has been delivered, 3) the fees are fixed or determinable, and 4) collectability is reasonably assured. SaaS subscription revenues are recognized over the contract term once the software is made available through our SaaS offerings. SaaS subscription revenues are included in software license fees and subscriptions revenues in our Condensed Consolidated Statements of Operations and were approximately $53.5 million and $26.8 million in the second quarter of fiscal 2016 and 2015, respectively, and $93.0 million and $52.9 million in the first six months of fiscal 2016 and 2015, respectively.

Our product updates and support services entitle our customers to receive, for an agreed upon period, unspecified product upgrades (when and if available), release updates, regulatory updates and patches, as well as support services including access to technical information and technical support staff. The term of product updates and support services is typically twelve months. The product updates and support fees are recorded as product updates and support fees revenue in our Condensed Consolidated Statements of Operations and recognized ratably over the term of the agreement.

We also provide software-related services, including systems implementation and integration services, consulting, training, custom modification and application managed services. Consulting services are generally provided under time and materials contracts.  Revenues are recognized as the services are provided and are recorded as consulting services and other fees revenue in our Condensed Consolidated Statements of Operations. Consulting services and other fees also include revenues related to education, hosting services and Inforum, our customer event.

Allowances for Doubtful Accounts, Cancellations and Billing Adjustments

Allowances for Doubtful Accounts, Cancellations and Billing Adjustments

We have established an allowance for estimated billing adjustments and an allowance for estimated amounts that will not be collected. We record provisions for billing adjustments as a reduction of revenue and provisions for doubtful accounts as a component of general and administrative expense in our Condensed Consolidated Statements of Operations.  

The following is a rollforward of our allowance for doubtful accounts: 

(in millions)
Balance, April 30, 2015	$	11.9
Provision		5.2
Write-offs and recoveries		(4.8)
Currency translation effect		(0.3)
Balance, October 31, 2015	$	12.0

Sales Allowances

Sales Allowances 

We do not generally provide a contractual right of return. However, in the course of arriving at practical business solutions to various claims arising from the sale of our products and delivery of our solutions, we have allowed for sales allowances. We record a provision against revenue for estimated sales allowances on license and consulting revenues in the same period the related revenues are recorded or when current information indicates additional allowances are required. The balance of our sales reserve is reflected in deferred revenue on our Condensed Consolidated Balance Sheets.

The following is a rollforward of our sales reserve:

(in millions)
Balance, April 30, 2015	$	7.3
Provision		4.2
Write-offs		(3.0)
Balance, October 31, 2015	$	8.5

Foreign Currency

Foreign Currency 

The functional currency of our foreign subsidiaries is typically the applicable local currency. The translation from the respective foreign currencies to United States Dollars (U.S. Dollar) is performed for balance sheet accounts using current exchange rates in effect at the balance sheet date and for income statement accounts using a weighted average exchange rate during the applicable period. Gains or losses resulting from such translation are included as a separate component of accumulated other comprehensive income. Gains or losses resulting from foreign currency transactions are included in foreign currency gain or loss except for the effect of exchange rate fluctuations on long-term intercompany transactions considered to be a long-term investment, which are accumulated and credited or charged to other comprehensive income.  

Transaction gains and losses are recognized in our results of operations based on the difference between the foreign exchange rates on the transaction date and on the reporting date. We recognized a net foreign exchange loss of $10.8 million and a net foreign exchange gain of $2.0 million for the three months ended October 31, 2015 and 2014, respectively.  In the first six months of fiscal 2016 and 2015, we recognized net foreign currency exchange gains of $26.1 million and $34.0 million, respectively. The foreign currency exchange gains and losses are included as a component of other (income) expense, net, in the accompanying Condensed Consolidated Statements of Operations.  

Certain foreign currency transaction gains and losses are generated from our intercompany balances that are not considered to be long-term in nature and will be settled between subsidiaries. These intercompany balances are a result of normal transfer pricing transactions among our various operating subsidiaries, as well as certain loans initiated between subsidiaries. We also recognize transaction gains and losses from revaluing our debt denominated in Euros and held by subsidiaries whose functional currency is the U.S. Dollar. See Note 11, Debt.

Recent Accounting Pronouncements - Not Yet Adopted

Recent Accounting Pronouncements — Not Yet Adopted 

In May 2014, the FASB issued guidance on the principles for revenue recognition.  This guidance is a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance.  The new rules establish a core principle that requires the recognition of revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services. This guidance was to be effective for annual reporting periods beginning after December 15, 2016 (our fiscal 2018) and early adoption was not permitted. In August 2015, the FASB deferred the effective date by one year, to December 15, 2017, for annual reporting periods beginning after that date (our fiscal 2019).  The FASB also decided to allow early adoption of the standard, but not before the original effective date of December 15, 2016.  Initial adoption may be accounted for either retrospectively to each prior reporting period presented, or retrospectively with the cumulative effect of the initial application recognized at the date of adoption. We are currently evaluating how this guidance will affect our revenue recognition, which transition approach we will use upon adoption, and the impact it may have on our financial position, results of operations or cash flows.

In September 2015, the FASB issued updated guidance simplifying the accounting for measurement-period adjustments relating to business combinations. This guidance requires that an acquirer recognize post-close measurement adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. Prior to the issuance of the standard, entities were required to retrospectively apply adjustments made to provisional amounts recognized in a business combination. The updated guidance is to be applied prospectively effective for annual and interim periods beginning after December 15, 2015 (our fourth quarter of fiscal 2016), and early adoption is permitted.  We are currently evaluating how this guidance will affect our accounting for business combinations.

As of the date of this Quarterly Report, there were no other recent accounting standard updates that we have not yet adopted that we believe would have a material impact on our financial position, results of operations or cash flows.

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Summary of Significant Accounting Policies (Rollforward of Sales Reserve) (Details) $ in Millions	6 Months Ended
	Oct. 31, 2015 USD ($)
Summary of Significant Accounting Policies [Abstract]
Sales reserve, Beginning Balance	$ 7.3
Provision	4.2
Write-offs	(3.0)
Sales reserve, Ending Balance	$ 8.5

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Derivative Financial Instruments (Tables)

6 Months Ended

Oct. 31, 2015

Derivative Financial Instruments [Abstract]

Schedules of Derivative Instruments Impact on Consolidated Balance Sheets, Other Comprehensive Income, Accumulated Other Comprehensive Income, and Consolidated Income Statement

The following table presents the fair values of the derivative financial instruments included on our Condensed Consolidated Balance Sheets at the dates indicated:  

					Balance Sheet		Fair Value at
		Notional	Derivative		Classification		October 31,		April 30,
(in millions, except percentages)		Amount	Base		Asset (Liability)		2015		2015
Accounting cash flow hedges:
Interest rate swap	$	425.3	2.4725	%	Accrued expenses	$	(5.2)	$	(4.7)
					Other long-term liabilities		(3.6)		(4.8)
Interest rate swap		212.6	2.4740	%	Accrued expenses		(2.6)		(2.3)
					Other long-term liabilities		(1.9)		(2.5)
Interest rate swap		212.6	2.4750	%	Accrued expenses		(2.6)		(2.4)
					Other long-term liabilities		(1.9)		(2.0)
Interest rate swap		94.5	2.4725	%	Accrued expenses		(1.1)		(1.1)
					Other long-term liabilities		(0.9)		(1.0)
Total	$	945.0			Total, net asset (liability)	$	(19.8)	$	(20.8)

The following table presents the before-tax impact of the derivative financial instruments on our other comprehensive income (OCI), accumulated other comprehensive income (AOCI), and our statement of operations for the periods indicated:

			Three Months Ended				Six Months Ended
	Statement of		October 31,				October 31,
(in millions)	Operations Location		2015		2014		2015		2014
Accounting cash flow hedges:
Interest rate swaps
Effective portion - gain (loss) recognized in OCI		$	(2.9)	$	(4.1)	$	(4.9)	$	(4.9)
(Gain) loss reclassified from AOCI into net income	Interest expense, net	$	3.0	$	-	$	5.9	$	-

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Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Condensed Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income (loss)	$ (2.8)	$ 13.1	$ 54.7	$ 86.6
Other comprehensive income (loss):
Unrealized gain (loss) on foreign currency translation, net of tax	2.4	(80.0)	(62.4)	(137.3)
Change in defined benefit plan funding status, net of tax		0.6	0.2	1.5
Unrealized gain (loss) on derivative instruments, net of tax		(2.5)	0.6	(3.0)
Total other comprehensive income (loss)	2.4	(81.9)	(61.6)	(138.8)
Comprehensive income (loss)	(0.4)	(68.8)	(6.9)	(52.2)
Noncontrolling interests comprehensive income (loss)	(1.0)		(1.0)
Comprehensive income (loss) attributable to Infor, Inc.	$ 0.6	$ (68.8)	$ (5.9)	$ (52.2)

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Related Party Transactions (Schedule of Related Party Transactions) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Related Party Transactions [Line Items]
Related party management fees & expenses	$ 1.9	$ 2.0	$ 3.8	$ 4.0
Golden Gate Capital [Member]
Related Party Transactions [Line Items]
Related party management fees & expenses	1.4	1.5	2.8	3.0
Summit Partners [Member]
Related Party Transactions [Line Items]
Related party management fees & expenses	$ 0.5	$ 0.5	$ 1.0	$ 1.0

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Goodwill

6 Months Ended

Oct. 31, 2015

Goodwill [Abstract]

Goodwill

4. Goodwill 

The change in the carrying amount of our goodwill by reportable segment for the period indicated was as follows: 

(in millions)		License		Maintenance		Consulting		Total
Balance, April 30, 2015	$	931.5	$	2,851.7	$	262.6	$	4,045.8
Goodwill acquired		336.5		-		33.4		369.9
Currency translation effect		(10.2)		(36.3)		(3.2)		(49.7)
Balance, October 31, 2015	$	1,257.8	$	2,815.4	$	292.8	$	4,366.0

Goodwill acquired during fiscal 2016 relates to the GT Nexus Acquisition in the current quarter. See Note 3, Acquisitions.

In accordance with the FASB guidance related to goodwill and other intangible assets, we are required to assess the carrying amount of our goodwill for potential impairment annually or more frequently if events or a change in circumstances indicates that impairment may have occurred. We conduct our annual impairment test in the second quarter of each fiscal year as of September 30. We believe that our reportable segments are also representative of our reporting units for purposes of our goodwill impairment testing.

We conducted our most recent annual impairment assessment in the second quarter of fiscal 2016.   We chose to perform a Step 1 goodwill impairment assessment as of September 30, 2015.  This assessment did not indicate any potential impairment for any of our reporting units and no further testing was required.  We believe there was no impairment of our goodwill and no indication of potential impairment existed as of October 31, 2015. We have no accumulated impairment charges related to our goodwill.

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Intangible Assets (Schedule of Amortization Expense Recognized in Condensed Consolidated Statements of Operations by Asset Type) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 50.7	$ 54.0	$ 99.9	$ 111.3
Customer Contracts and Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	34.3	35.9	67.0	73.1
Acquired and Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	16.1	17.8	32.5	36.2
Tradenames [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 0.3	$ 0.3	$ 0.4	$ 2.0

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Segment And Geographic Information (Schedule Of Revenues By Country) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 663.3	$ 685.6	$ 1,303.6	$ 1,438.8
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	380.7	362.5	743.5	747.0
All other countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 282.6	$ 323.1	$ 560.1	$ 691.8

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Debt (Deferred Financing Fees) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Apr. 30, 2015
Debt [Abstract]
Total deferred finance fees, net	$ 110.0		$ 110.0		$ 102.4
Amortization of deferred finance fees	5.0	$ 5.2	9.5	$ 10.3
Debt discounts, net of premiums and accumulated amortization	$ 18.7		$ 18.7		$ 15.8

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Equity-Based Compensation (Policy)

6 Months Ended

Oct. 31, 2015

Equity-Based Compensation [Abstract]

Equity-based Compensation

We account for equity-based payments, including grants of employee stock options, restricted stock and other equity-based awards, in accordance with ASC 718, Compensation—Stock Compensation, which requires that equity-based payments (to the extent they are compensatory) be recognized in our results of operations based on their fair values and the estimated number of securities we ultimately expect will vest. We utilize the Option-Pricing Method to estimate the fair value of our equity awards. All equity-based payments are based upon equity issued by a parent company of Infor, Inc. Pursuant to applicable FASB guidance related to equity-based awards, we have reflected equity-based compensation expense related to our parent company’s equity grants within our results of operations with an offset to additional paid-in capital.

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Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Apr. 30, 2015
Commitments and Contingencies [Abstract]
Total rent expense for operating leases	$ 13.1	$ 14.4	$ 26.2	$ 28.3
Accrued litigation	$ 2.0		$ 2.0		$ 1.6

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Debt (Tables)

6 Months Ended

Oct. 31, 2015

Debt [Abstract]

Schedule of Long-term Debt

		October 31, 2015						April 30, 2015
		Principal		Net	Contractual			Principal		Net	Contractual
(in millions)		Amount		Amount (1)	Rate			Amount		Amount (1)	Rate
First lien Term B-3 due June 3, 2020	$	464.3	$	460.2	3.750	%	$	466.7	$	462.2	3.750	%
First lien Term B-5 due June 3, 2020		2,460.3		2,377.6	3.750	%		2,473.0		2,382.0	3.750	%
First lien Euro Term B due June 3, 2020		372.7		367.9	4.000	%		382.3		377.0	4.000	%
6.5% senior notes due May 15, 2022		1,630.0		1,619.0	6.500	%		1,630.0		1,618.4	6.500	%
5.75% senior notes due May 15, 2022		385.2		379.8	5.750	%		393.0		387.2	5.750	%
5.75% senior secured notes due August 15, 2020		500.0		479.3	5.750	%		-		-	-
Deferred financing fees, debt discounts
and premiums, net		(128.7)		-				(118.2)		-
Total long-term debt		5,683.8		5,683.8				5,226.8		5,226.8
Less: current portion		(0.1)		(0.1)				(0.1)		(0.1)
Total long-term debt - non-current	$	5,683.7	$	5,683.7			$	5,226.7	$	5,226.7

(1) Debt balances net of applicable unamortized debt discounts, premiums and deferred financing fees.

Schedule of Long-term Debt Maturities

(in millions)
Fiscal 2016 (remaining 6 months)	$	-
Fiscal 2017		2.0
Fiscal 2018		26.7
Fiscal 2019		34.2
Fiscal 2020		34.2
Fiscal 2021		3,700.2
Thereafter		2,015.2
Total	$	5,812.5

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Commitments and Contingencies

6 Months Ended

Oct. 31, 2015

Commitments and Contingencies [Abstract]

Commitments and Contingencies

14. Commitments and Contingencies

Leases 

We have entered into cancelable and non-cancelable operating leases, primarily related to rental of office space, certain office equipment and automobiles.  Total rent expense for operating leases was $13.1 million and $14.4 million for the three-month periods ended October 31, 2015, and October 31, 2014, respectively. For the first six months of fiscal 2016 and 2015, total rent expense for operating leases was $26.2 million and $28.3 million, respectively.

We have also entered into certain capital lease commitments for buildings, computers and operating equipment and automobiles. Aggregate property acquired through capital leases and the associated depreciation of these assets is included in property and equipment, net on our Condensed Consolidated Balance Sheets. The current portion of capital lease obligations is included in accrued expenses, and the long-term portion of capital lease obligations is included in other long-term liabilities on our Condensed Consolidated Balance Sheets.

Litigation

From time to time, we are subject to litigation in the normal course of business. We accrue for litigation exposure when a loss is probable and estimable. As of October 31, 2015 and April 30, 2015, we have accrued $2.0 million and $1.6 million, respectively, related to current litigation matters. We expense all legal costs to resolve regulatory, legal, tax or other matters in the period incurred.

Patent Infringement Lawsuit by ePlus

On May 19, 2009, ePlus sued Infor (US), Inc. (formerly known as Lawson Software, Inc. (Lawson)), alleging infringement of three separate United States patents. On January 27, 2011, a jury found that Lawson’s S3 Procurement System, when used in combination with certain complementary SCM products we offer that specifically included the Requisition Self Service (RSS) module, infringed two of the ePlus patents.  No damages were awarded to ePlus. Following the jury verdict, Lawson developed a design-around product, Requisition Center, which was intended to be a non-infringing replacement product. On May 23, 2011, the Court entered an injunction prohibiting Lawson from licensing, servicing, or supporting in the United States our S3 Procurement System, when used in certain software configurations that included RSS. In September 2011, ePlus moved under the injunction to have Lawson held in contempt, and a civil contempt trial was conducted in April 2013.  

Lawson vigorously litigated and defended itself: (a) in its appeal to the United States Court of Appeals for the Federal Circuit from the 2011 judgment of infringement; (b) in the contempt proceedings ePlus had initiated; and (c) in appeals to the Federal Circuit after the District Court declined to vacate the injunction and in regard to its judgment of civil contempt. That defense has so far been successful.

During these proceedings, every patent claim ePlus had asserted against Lawson has been held to be invalid or not infringed.  While Lawson’s appeal of the injunction and civil contempt order was pending before the Federal Circuit, the U.S. Patent and Trademark Office cancelled the sole ePlus patent claim underlying the injunction, and the Federal Circuit affirmed that cancellation. The absence of any valid and infringed patent claim then led to a ruling on July 25, 2014 in favor of Lawson in all respects. Specifically, the Federal Circuit vacated the District Court’s injunction and contempt orders in their entirety (including all damage awards) and remanded the case back to the District Court “with instructions to dismiss.”

On August 25, 2014, ePlus petitioned the Federal Circuit for a panel rehearing, and/or rehearing en banc. On June 18, 2015, the Federal Circuit issued orders disposing of ePlus’s combined petition.  First, the panel that heard the appeal granted the petition for rehearing “to clarify the decision.”  The panel withdrew the opinions issued on July 25, 2014, and substituted a revised opinion (and dissent) that adhered to the previous ruling, namely vacating the District Court’s injunction and contempt orders in their entirety (including all damage awards) and remanding the case to the District Court “with instructions to dismiss.”  Second, the petition for en banc review, which had been referred to the active judges of the Court for consideration, was denied.  The Federal Circuit issued its mandate on June 25, 2015.  ePlus filed a petition for a writ of certiorari from the United States Supreme Court on November 13, 2015, within the extended deadline it obtained for the filing of the petition. We continue to reasonably expect that the ultimate outcome of the case will be as the Federal Circuit ruled on June 18, 2015.

Other Proceedings

We are subject to various other legal proceedings and the risk of litigation by employees, customers, patent owners, suppliers, stockholders or others through private actions, class actions, administrative proceedings or other litigation. While the outcome of these claims cannot be predicted with certainty, we are of the opinion that, based on information presently available, the resolution of any such legal matters existing as of October 31, 2015, will not have a material adverse effect on our financial position, results of operations or cash flows.

Guarantees  

We typically grant our customers a warranty that guarantees that our product will substantially conform to Infor’s current specifications for 90 days from the delivery date. We also indemnify our customers from third-party claims of intellectual property infringement relating to the use of our products. Infor’s standard software license agreements contain liability clauses that are limited in amount. We account for these clauses under ASC 460, Guarantees. We do not have a history of incurring costs to settle claims or paying awards under these indemnification obligations. Accordingly, we have not recorded any liabilities related to these agreements as of October 31, 2015 and April 30, 2015.