That's out of total revenue of roughly $321 million. Net profit before goodwill was about $25 million, an increase of 24.8 percent. According to joint CEO, Chris Ouwinga, a late rush of purchases helped the Netherlands-based company to a better-than-expected result. "There was a big spike of sales at the end of the year," Ouwinga said in this week's earnings webcast. The cloud revenue totals do not include results of FinancialForce.com which Unit4 owns, along with Salesforce.com. But overall, growth stemmed from SaaS and subscription revenue. Figures for the North American market were not published. However, the company said the newly combined Agresso and Coda organization on this continent "performed well" in the first six months of operation. The annual run rate for FinancialForce.com was about $28 million and the monthly run rate for June was double the amount in June 2012. However, profitability has been impacted by the continued investment in growing that business. FinancialForce.com had 208 employees at the end of the first half, up 66 percent from 125 a year earlier.
SAAS SALES BOOST UNIT4 Featured
A rising tide of SaaS sales helped Unit4 counter weak results in its Spanish and Portuguese markets for the first half ended June 30. While overall revenue was up only 4.1 percent – 2 percent organic - revenue for Internet-based products increased 43.2 percent to about $43.4 million.
