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UNIT4 PARTNERS BOOST RESULTS Featured

Unit4 said its partners showed strong growth in the first quarter ended March 31. The Netherlands software company did not provide actual revenue numbers, instead reported selective percent changes in this week's press release..

It said there was a 204-percent growth in the value of contracts from partners and that it had added 11 go-to-market partners. Overall, Unti4 said cloud subscription revenue grew by 28 percent year over year with cloud bookings up 9 percent and total bookings rising by 18 percent. It also reported 102% net revenue retention. Unit4 plans to grow more business via partners, having launched Developer 4U, a partner developer proram to support those building extensions to its new ERPx cloud platform. It will launch Marketplace 4U, its first app marketplace, this year.

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