EBITDA for the most recently ended quarter was about $36.3 million, a drop of about 8.5 percent from the final quarter of 2010. The EBITDA margin was almost 22 percent. The company listed several areas, including the United States, that it said performed well, but noted that Spain was below expectations and added that “further measures to enhance profitability have been taken.” SaaS/subscription revenue grew by more than 35 percent, but Unit4 said it also had modest organic growth in license revenue. Revenues for the year are expected to be around $590 million, an increase of just under 8 percent from 2010. The company reported that FinancialForce.com had a growth rate of about 350 percent for December 2011, compared to last year’s corresponding period. FinancialForce.com is a company owned by Unit4 and Salesforce that offers cloud-based ERP, PSA and services resource planning applications.