UNIT4 Reports Continued Growth in Revenue and Profit in 2012
VICTORIA, BC and MANCHESTER, NH, Feb 22, 2013 (MARKETWIRE via COMTEX) --
-- Operating profit growing
-- Shift towards subscription model continues
-- Increasing success against "tier 1" ERP vendors
UNIT4 N.V., the global cloud-focused business software group listed on
the Amsterdam Stock Exchange, has announced its financial results for
the year ended December 31st, 2012.
Despite the difficult economic situation, UNIT4, which specializes in
software for businesses living in change, won a record number of
deals against tier 1 vendors and is increasingly replacing such
systems in clients seeking more adaptable, cost-effective solutions.
Highlights for Full Year 2012:
-- Total revenue increased by 5.4% to USD $624.0 million (EUR 469.8
million) (2011: USD $592.0 million) (EUR 445.7 million))
-- Run rate of cloud revenues at FinancialForce.com up by 90% to
-- EBITDA, including FinancialForce.com and exceptionals, rose by 3.2% to
USD $114.5 million (EUR 86.2 million) (2011: USD $110.9 million (EUR
-- EBITDA, excluding FinancialForce.com and exceptionals, increased by
7.4% to USD $134.9 million (EUR 101.6 million) (2011: USD $125.6
million (EUR 94.6 million))
-- EPS before goodwill related items grew by 22.9% from USD $2.03 to
$2.50 (EUR 1.53 to EUR 1.88)
-- Dividend proposal 2012: USD $0.60 (EUR 0.45) (2011: USD $0.53 (EUR
-- UNIT4 is actively shifting towards SaaS and subscription model
-- Irregularities in Poland identified and resolved
In 2012 total revenue grew by 5.4 % to USD $624.0 million (EUR 469.8
million) (2011: USD $592.0 (EUR 445.7 million)), highlighting UNIT4
competitive strength and, even more importantly, its high client
retention rate. Contract revenue grew by 8% to USD $260.7 million
(EUR 196.3 million). Total recurring revenues now represent 52% of
total revenues (2011: 49%).
While SaaS and subscription revenues continued to show a strong
upward trend, product revenue also returned growth for the full year.
In the last quarter of 2012, UNIT4 intensified its focus on the sale
of cloud solutions, resulting in a decline in products but a growth
in the annual run rate of SaaS and subscriptions from USD $58.0 (EUR
43.5 million) at year-end 2011 to USD $75.7 million (EUR 57.0
million) at year-end 2012, an increase of USD $17.9 million (EUR 13.5
million) or approximately 31%.
The trend towards SaaS and subscription is now clearly evident and
UNIT4 is actively shifting towards this model. Although the majority
of its ERP installations and extensions are still demanded and
installed as "on-premises" solutions, increasing numbers of potential
customers are considering moving to the cloud, including for full ERP
suites. This shift has a larger impact on the revenues in the fourth
quarter and in particular in December.
Service revenues stabilized at USD $198.1 million (EUR 149.1
million), in spite of the increase in the number of customers, due to
increased focus on efficient implementation, including templating and
outsourcing of lower value services. This delivers better value to
customers and increases UNIT4 competitiveness in the market.
Performance in North America was positively influenced by the merger
of the Agresso and Coda operations which positioned UNIT4 Business
Software as a strong player in the North American market.
Shelley Zapp, CEO of UNIT4 Business Software in North America,
commented: "We are thrilled to see the revenue growth generated in
2012 thanks to a significant increase of high profile customers in
the not-for-profit and commercial sectors including IPAS,
Conservation International, the City of Penticton, Nature
Conservancy, Map International and Jordan's Furniture. In addition,
we have witnessed a real momentum building around our cloud offering
and new business opportunities within existing customers. With our
new structure and offices located on the west and east coasts, we are
in a great shape to serve our customers and thrive in today's market
by delivering software solutions that allow businesses living in
change to operate efficiently with a low on-going cost of ownership."
To read the full UNIT4 Group financial results press release, click
here. For the full 2012 results statement, please click here.
About UNIT4 Business Software
UNIT4 Business Software is the North American subsidiary of UNIT4, a
$624 million global business software and services company that
creates, provides and supports software for Businesses Living IN
Change -- delivered via the cloud or on-premise. It offers solutions
that help these fast-changing public, private, non-profit and higher
education 'BLINC' organizations embrace business change -- simply,
quickly and cost-effectively. UNIT4 Agresso, the company's flagship
Enterprise Resource Planning (ERP) suite and UNIT4 Coda Financials,
its best-of-class financial management software, are used by 6000+
organizations in more than 100 countries. For more information visit
our website or follow the company on Twitter, LinkedIn and
Innovating4Change, the company blog.
Conversion: 1 EUR = USD $1.328
Phone: (603) 548-0693
Email: Email Contact
SOURCE: UNIT4 Business Software
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