UNIT4 Reports Successful Q3 Performance
VICTORIA, British Columbia (October 19, 2011) –
- Increase in both revenues and EBITDA
- Organic growth in traditional license sales
UNIT4 Business Software’s parent company UNIT4, the world’s leading provider of business software for Businesses Living IN Change (BLINC™), today announced its financial results for Q3 2011, reporting an increase in both revenues and EBITDA and significant growth in SaaS/subscription revenues.
Total Q3 revenue amounted to approximately $141.9M* USD (€ 102.5 million), a total organic increase of three percent compared to the reported revenues in the third quarter of 2010. SaaS/subscription revenues grew particularly strongly. Despite an increasing trend towards SaaS/subscription, traditional license revenues also showed organic growth. In Q3, all other revenue categories performed in line with expectations and more than 53 percent of the revenues were recurring. Total EBITDA in Q3 rose by two percent to $28.4M USD (€ 20.5 million) (Q3 2010: $27.8M USD (€ 20.1 million)).
In particular, license revenues in Scandinavia, North America and Asia grew strongly (>20 percent). The German business also performed well closing three important license deals in the private sector and one major subscription based deal in the public sector. UNIT4 companies in the Benelux, Poland and the UK performed in line with expectations. FinancialForce.com, the cloud applications company, in which UNIT4 is a majority investor, performed ahead of plan and showed a growth in monthly run rate (September 2011 versus September 2010) of about 500 percent.
* 1 EUR = 1.38393 USD
About UNIT4
UNIT4 is a global business software and services company aimed at helping dynamic public sector, and commercial services organizations to embrace change simply, quickly and cost effectively in a market sector it calls ‘Businesses Living IN Change’ (BLINC)™. The Group incorporates a number of the world’s leading change embracing software brands including Agresso Business World, our flagship ERP suite for mid-sized services intensive organizations and Coda, our best-of-class financial management software.
With operations in 17 European countries, as well as 7 countries across North America, Asia Pacific and Africa and sales activities in several other countries, its revenue was $605.6 million USD (€421.7 million) in 2010. UNIT4 is headquartered in Sliedrecht, the Netherlands and has over 4,000 employees. It is listed on Euronext Amsterdam and is included in the Amsterdam Midcap Index (AMX).
For more information on UNIT4 or any of its operating companies, please visit the website at http://www.unit4.com, follow us on Twitter @UNIT4_Group. Alternatively, please contact:
Emma (Hoyle) Keates Group PR Manager, UNIT4 +44(0)1423-537977 emma.keates@unit4.com Twitter: @emmajkeates
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Source: UNIT4 Business Software