Estimated reading time: 0 minutes, 45 seconds

UNIT4 RESULTS UP SLIGHTLY

Edwin van Leeuwen, Unit4Unit4, owns the Agresso and Coda lines, reported a slight increase of EBITDA on a 2-percent rise in revenue for the first quarter ended March 31.  Although growth was slight, CFO Edwin van Leeuwen said in a prepared statement that was a better than expected performance, “since we initially projected that Q1 2013 would end below the same period of last year.” EBITDA rose slightly to $28.6 million while revenue reached about $152.95 million.

Van Leeuwen said there were a number of large SaaS deals completed in the first quarter whose revenue will be recognized gradually during the second half of 2013. The company said the Benelux region had double-digit revenue growth with strong performance in healthcare. FinancialForce.com had a record quarter in bookings and run rates with revenue up by 90 percent over the prior year and an extremely strong pipeline and increasingly larger customers. Unit4 is the majority investor in the cloud applications company.
Read 866 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.