UNIT4 CODA, a division of UNIT4 (NYSE Euronext: UNIT4), the world’s leading provider of business software for fast-changing organizations, today announced UNIT4’s 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 (approx. $141.9m*), 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 ($28.4m) (Q3 2010: € 20.1 million ($27.8m)).
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%.
*1 EUR = 1.38393 USD
About UNIT4 CODA
UNIT4 CODA, Inc. is part of UNIT4, a $576 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is best-of-class financial management software designed to integrate with industry- and company-specific applications. Coda Financials provides real-time financial visibility and control across people, processes and systems. By acting as the financial information backbone for companies with fast-changing and mixed application environments, it offers a "no compromise" approach to financial modeling, process controls and application choice. For more information on UNIT4 CODA, visit http://www.unit4coda.com. Follow us on Twitter and LinkedIn or visit http://blog.unit4coda.com.
For further information contact:
Margaret Bonilla
Birnbach Communications for UNIT4 CODA
603.548.0693
mbonilla@birnbachcom.com
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