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UNIT4 NORTH AMERICAN REVS RISE
Unit4, which markets the Agresso and Coda lines, posted 13-percent growth in revenue for the Americas for 2011 as the company produced an 8-percent increase in revenue for the year ended December 31. Product revenue grew 10 percent to about $105 million while SaaS and subscription revenue rose by 45.1 percent.
FinancialForce.com, the U.S. cloud company co-owned with Salesforce, had strong growth, Unit4 reported, with an annual revenue run rate of about $11.8 million by December. Total Unit4 revenue rose to nearly $600 million up 8 percent over 2010. Net profit before goodwill was about $63 million euros, up 11.1 percent. The launch of FinancialForce Professional Services Automation has added to revenue and also the strategic direction of the company, according to the financial report.
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