UNIT4 Reports Continued Growth in FY2011
Poster: SySAdmin
Posted on February 21, 2012 at 1:21:01 PM
UNIT4 Reports Continued Growth in FY2011
SaaS revenues grow strongly; Group well positioned as move to SaaS accelerates
SLIEDRECHT, The Netherlands, February 21, 2012/PRNewswire/ --
UNIT4, the global business software group, today announced annual results for 2011
which showed increased revenue and the trend towards Software as a Service (SaaS)
continuing strongly. Listed on the Amsterdam Stock Exchange, UNIT4 is the world's leading
provider of enterprise software for Businesses Living IN Change (BLINC).
UNIT4 is well known for providing customers in the public and private sectors with
software solutions that reduce costs, improve control and enable them to manage rapid and
continuous change without the typical costs associated with set-up and customization. This
differentiation proved key in growing the number of significant deals (above EUR1 million
[*$1.33m]), where UNIT4 successfully competed and won against competition from large 'tier
1' players in the market. Large deals included Addis Ababa Water and Sewerage Authority
[http://www.unit4.com/about/news/art/aid/5635/agresso-business-world-chosen-to-support-water-improvement-initiative-in-ethiopia ]
in Ethiopia, the City of Oslo
[http://www.unit4.com/about/customerdetails?cid'7 ] in Norway, and Magnox
[http://www.unit4.com/about/news/art/aid/4554/nuclear-power-specialist-replaces-sap-with-agresso-business-world-to-manage-programme-of-change ]
in the UK.
Positive revenue growth in a number of countries exceeded market levels, namely
Singapore (+20%), Norway (+15%), North America (+13%), Sweden (+8%) and Benelux (+6%).
There was strong activity in both the private and the public sector in these regions.
Highlights for full year 2011:
- Total revenue increased by 8% to EUR454.7 million ($603.3m) (2010:
EUR421.7 million)
- EBITDA, including FinancialForce.com, rose 2.1% to EUR87.9 million ($116.6m)
(2010: EUR86.1 million)
- Earnings per share (before goodwill-related items) rose 7.9% to EUR1.64
($2.17)
- Net profit (before goodwill) increased 11.1% to EUR48.0 million ($63.6m)
(2010: EUR43.2 million)
- Product revenue increased 10% to EUR80.0 million ($106m) (2010: EUR72.7
million)
- SaaS and subscription revenue grew 45.1%
- Strong performance from FinancialForce.com, with excellent prospects for
future growth
- Acquisitions in the year have positioned the company to enter the business
analytics market aggressively and to extend market reach in Asia.
FinancialForce.com, UNIT4's US-based cloud applications company formed with minority
investment from salesforce.com, grew strongly in 2011. The annual revenue run rate
(including services) was over $9 million by December 2011. The launch of FinancialForce
Professional Services Automation (PSA) has added significant value, both in terms of
revenue and the strategic direction of the company. Customers are increasingly taking both
Accounting and Professional Services Automation (PSA) applications, driving larger average
deal sizes. The largest deal secured to date had a total multi-year contract value of
almost $1 million. FinancialForce.com has staff in the US, UK and Spain, customers in more
than 25 countries, and users in more than 45 countries.
Results webcast
Chris Ouwinga, UNIT4 CEO and Edwin Van Leeuwen, UNIT4 CFO will be presenting the
results via a webcast at 1000 CET on 22 February 2011. To join the webcast please visit
http://www.unit4.com/Investors/financialinformation
For a full copy of the 2011 results statement, please visit
http://www.unit4.com/Investors/investornews
* USD rate calculated using exchange rate of 1.326 (XE Universal Currency Converter)
About UNIT4
UNIT4 [http://www.unit4.com ] 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)(TM). 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, revenue of
EUR454.7 million ($603.3m) was realized in 2011. UNIT4 is headquartered in Sliedrecht, the
Netherlands and has over 4,000 employees. It is listed on Euronext Amsterdam by NYSE
Euronext and is included in the Amsterdam Midcap Index (AMX). For more information on
UNIT4 or any of its operating companies, please follow us on Twitter @UNIT4_Group, visit
our Facebook page http://www.facebook.com/#!/UNIT4BusinessSoftwareNV, visit the
website at http://www.unit4.com or contact:
Emma Keates, Group PR Manager
UNIT4
Tel: +44(0)1423-537977
Email: emma.keates@unit4.com
Source: UNIT4
SaaS revenues grow strongly; Group well positioned as move to SaaS accelerates
SLIEDRECHT, The Netherlands, February 21, 2012/PRNewswire/ --
UNIT4, the global business software group, today announced annual results for 2011
which showed increased revenue and the trend towards Software as a Service (SaaS)
continuing strongly. Listed on the Amsterdam Stock Exchange, UNIT4 is the world's leading
provider of enterprise software for Businesses Living IN Change (BLINC).
UNIT4 is well known for providing customers in the public and private sectors with
software solutions that reduce costs, improve control and enable them to manage rapid and
continuous change without the typical costs associated with set-up and customization. This
differentiation proved key in growing the number of significant deals (above EUR1 million
[*$1.33m]), where UNIT4 successfully competed and won against competition from large 'tier
1' players in the market. Large deals included Addis Ababa Water and Sewerage Authority
[http://www.unit4.com/about/news/art/aid/5635/agresso-business-world-chosen-to-support-water-improvement-initiative-in-ethiopia ]
in Ethiopia, the City of Oslo
[http://www.unit4.com/about/customerdetails?cid'7 ] in Norway, and Magnox
[http://www.unit4.com/about/news/art/aid/4554/nuclear-power-specialist-replaces-sap-with-agresso-business-world-to-manage-programme-of-change ]
in the UK.
Positive revenue growth in a number of countries exceeded market levels, namely
Singapore (+20%), Norway (+15%), North America (+13%), Sweden (+8%) and Benelux (+6%).
There was strong activity in both the private and the public sector in these regions.
Highlights for full year 2011:
- Total revenue increased by 8% to EUR454.7 million ($603.3m) (2010:
EUR421.7 million)
- EBITDA, including FinancialForce.com, rose 2.1% to EUR87.9 million ($116.6m)
(2010: EUR86.1 million)
- Earnings per share (before goodwill-related items) rose 7.9% to EUR1.64
($2.17)
- Net profit (before goodwill) increased 11.1% to EUR48.0 million ($63.6m)
(2010: EUR43.2 million)
- Product revenue increased 10% to EUR80.0 million ($106m) (2010: EUR72.7
million)
- SaaS and subscription revenue grew 45.1%
- Strong performance from FinancialForce.com, with excellent prospects for
future growth
- Acquisitions in the year have positioned the company to enter the business
analytics market aggressively and to extend market reach in Asia.
FinancialForce.com, UNIT4's US-based cloud applications company formed with minority
investment from salesforce.com, grew strongly in 2011. The annual revenue run rate
(including services) was over $9 million by December 2011. The launch of FinancialForce
Professional Services Automation (PSA) has added significant value, both in terms of
revenue and the strategic direction of the company. Customers are increasingly taking both
Accounting and Professional Services Automation (PSA) applications, driving larger average
deal sizes. The largest deal secured to date had a total multi-year contract value of
almost $1 million. FinancialForce.com has staff in the US, UK and Spain, customers in more
than 25 countries, and users in more than 45 countries.
Results webcast
Chris Ouwinga, UNIT4 CEO and Edwin Van Leeuwen, UNIT4 CFO will be presenting the
results via a webcast at 1000 CET on 22 February 2011. To join the webcast please visit
http://www.unit4.com/Investors/financialinformation
For a full copy of the 2011 results statement, please visit
http://www.unit4.com/Investors/investornews
* USD rate calculated using exchange rate of 1.326 (XE Universal Currency Converter)
About UNIT4
UNIT4 [http://www.unit4.com ] 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)(TM). 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, revenue of
EUR454.7 million ($603.3m) was realized in 2011. UNIT4 is headquartered in Sliedrecht, the
Netherlands and has over 4,000 employees. It is listed on Euronext Amsterdam by NYSE
Euronext and is included in the Amsterdam Midcap Index (AMX). For more information on
UNIT4 or any of its operating companies, please follow us on Twitter @UNIT4_Group, visit
our Facebook page http://www.facebook.com/#!/UNIT4BusinessSoftwareNV, visit the
website at http://www.unit4.com or contact:
Emma Keates, Group PR Manager
UNIT4
Tel: +44(0)1423-537977
Email: emma.keates@unit4.com
Source: UNIT4