Bristol, October 19, 2011 – 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 € 102.5 million, a total organic increase of 3% 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% of the revenues were recurring. Total EBITDA in Q3 rose by 2% to € 20.5 million (Q3 2010: € 20.1 million).
In particular, license revenues in Scandinavia, North America and Asia grew strongly (>20%). 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%.
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About UNIT4
UNIT4 is a global business software and services company aimed at helping dynamic public sector, and commercial services organisations 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 organisations 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 €421.7 million in 2010.
In the UK we focus strongly on the public sector, where we are the leading provider of ERP systems to local government and post 16 education organisations, as well as having a considerable presence in the emergency services and health sectors. We also focus strongly on professional services organisations and a range of commercial sectors including Financial Services, Retail and Media and Publishing. Overall we aim to be the UK’s foremost business software company, providing solutions that transform the delivery of public services and comprehensively support commercial organisations in their ability to adapt and prosper in rapidly changing environments.
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 www.unit4software.co.uk, follow us on Twitter @UNIT4_UK
