Revenue for the Netherlands-based Unit4 rose by 5 percent for the third quarter ended September 30. The company, which markets the Agresso and Coda applications, reported revenue of about $150 million for the most recent period as SaaS and subscription revenue rose by 40 percent while product license revenue fell by 3 percent. The company is also the majority investor in FinancialForce.com whose revenue was almost 80-percent higher than the year-ago figures. EBITDA hit about $33.million, a rise of 16-percent over a year earlier despite the company's increased investment of FinancialForce.com. In its official statement, Unit4 commented that "North America performed well including further sales into the education and travel sectors." CFO Edwin van Leeuwen noted the potential for large cloud deals to have a negative impact. If larger deals that are normally seen in the last few months of the year are sold as cloud installations that will cut into the fourth-quarter margin. That is because the company can recognize only a small percentage of revenue from cloud deals immediately.