Sliedrecht - 22. August 2013 -
UNIT4, the global leader in software that supports business change, today released interim results for 2013. The company saw a strong increase in demand for its cloud based solutions with growth of more than 40% in SaaS and subscriptions revenues, and a particularly strong performance by FinancialForce.com.
In response to the strong upward trend of SaaS and subscriptions licensing, UNIT4 is focusing heavily on further enhancement and sales of its cloud solutions. This resulted in a decline of 10% in traditional license (product) revenues but significant growth in SaaS and subscriptions revenues, which are up 43.2% to €32.5 million in H1 2013 (H1 2012: €22.7 million). The annual run rate of SaaS and subscriptions grew from €46.8 million in June 2012 to €67.2 million in June 2013, an increase of €20.4 million or 43.5%.
First Half Year results
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In response to the strong upward trend of SaaS and subscriptions licensing, UNIT4 is focusing heavily on further enhancement and sales of its cloud solutions. This resulted in a decline of 10% in traditional license (product) revenues but significant growth in SaaS and subscriptions revenues, which are up 43.2% to €32.5 million in H1 2013 (H1 2012: €22.7 million). The annual run rate of SaaS and subscriptions grew from €46.8 million in June 2012 to €67.2 million in June 2013, an increase of €20.4 million or 43.5%.
First Half Year results
- Total revenue increased by 4.1% to €240.3 million (H1 2012: €230.8 million)
- Cloud and SaaS / subscriptions revenues grew 43.2% from €22.7 million to €32.5 million
- Cloud applications specialist FinancialForce.com grew strongly with monthly revenue run rate up by 80% (compared with June 2012)
- EBITDA rose by almost 9.7% to €40.6million (H1 2012: €37.0 million)
- Excluding FinancialForce.com, EBITDA increased 13.2% to €46.3 million (H1 2012: €40.9 million)
- Net profit before goodwill increased 21.6% to €18.6 million (H1 2012: €15.3 million)
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