? 1. Nature of Business and Basis of Presentation Infor is a global provider of enterprise business applications software and services focused primarily on large enterprises and small-to-midsize companies (SMB) in many industries including manufacturing, distribution, healthcare, public sector, retail, and hospitality. We serve a large, diverse and sophisticated global customer base across three geographic regions: the Americas; Europe, Middle East and Africa (EMEA); and Asia-Pacific, including Australia and New Zealand (APAC). We offer a broad range of 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 software products are often mission critical for many of our customers as they automate and integrate essential business processes to better manage suppliers, partners, customers, employees, and general business operations. We specialize in and target specific industries, or verticals, with integrated software suites of our industry-specific applications as well as horizontal (industry-nonspecific) applications. Our industry CloudSuites are each built around one of our industry-specific enterprise resource planning (ERP) applications. Our horizontal applications augment our ERP applications to manage industry-nonspecific processes, including customer relationship management (CRM), enterprise asset management (EAM), financial management, human capital management (HCM), and supply chain management (SCM). Underlying our software suites is Infor OS, our foundational operating system that integrates applications, delivers business insights and analytics, and enables flexibility to support changing business conditions and growth. Our software suites are integrated with our GT Nexus commerce network, which helps manage flow of inventory, transactions, and information across a global supply chain. Infor Birst  Analytics is a cloud-based networked business intelligence (BI) tool and business analytics software platform that helps organizations understand and optimize complex processes and delivers insights across the enterprise. Coleman is Infors enterprise-grade, industry-specific artificial intelligence (AI) platform for our CloudSuite applications, which mines data and uses powerful machine learning to improve processes such as inventory management, transportation routing, and predictive maintenance and provides AI-driven recommendations and advice to enable users to make smarter business decisions more quickly. We generate revenue primarily from providing access to our software products through Software-as-a-Service (SaaS) subscription offerings, the sale of perpetual or term software licenses granting customers use of our software products, providing on-going product updates and support services for our customers through our subscription-based annual maintenance and support programs , and f rom providing consulting services which help our customers implement and use our applications more effectively. 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. Our investments in other non-consolidated entities are accounted for using the equity method or equity method investment measurement alternative depending upon the level of ownership and/or our ability to exercise significant influence over the operating and financial policies of the investee. 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, 2018, and other amounts presented herein as of April 30, 2018, 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. ? ? Effective May 1, 2018, we adopted the FASB guidance related to revenue recognition included in ASC 606, Revenue from Contracts with Customers (ASC 606) , using the modified retrospective transition method. See Note 2, Summary of Significant Accounting Policies  Adoption of New Accounting Pronouncements. As a result, we have changed our accounting policy for revenue recognition. Our financial statements for reporting periods beginning after April 30, 2018, are presented under ASC 606, while amounts for prior periods have not been adjusted and continue to reflect amounts as originally reported in accordance with our historic accounting under ASC 985-605, SoftwareRevenue Recognition (ASC 985-605), for revenues related to software license, product updates and support, and related service revenues, and ASC 605, Revenue Recognition (ASC 605), for revenues related to non-software deliverables such as SaaS subscriptions and related service revenue. ? Certain prior period amounts have been reclassified on our Condensed Consolidated Financial Statements to conform with current year presentation and reflect the adoption of certain accounting standard updates . ? 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, 2018, included in our Annual Report on Form 10-K . Noncontrolling Interests We consolidate our majority-owned subsidiaries and reflect noncontrolling interests on our Condensed Consolidated Balance Sheets for the portion of those entities that we do not own as a component of consolidated equity separate from the equity attributable to Infor, Inc.s stockholders. The noncontrolling interests' share in our net earnings is 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). ? 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 establish standards for, and require disclosure of, certain financial information related to reportable operating segments and geographic regions. See Note 15, 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 allowances, 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, and contingencies and litigation. 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 managements judgment in its application. There are also areas in which managements judgment in selecting among available alternatives would not produce a materially different result. Fiscal Year Our fiscal year is from May 1 through April 30 and the third quarter of each fiscal year is from November 1 through January 31. Unless otherwise stated, references to fiscal 2019 and fiscal 2018 relate to our fiscal years ended April 30, 2019 and 2018, respectively. References to future years also relate to our fiscal years ending April 30. ?