The growth rate slowed a bit in the fourth quarter with a 12-percent increase in cloud subscriptions to $29.6 million for the most recently ended quarter. Unit4 said total bookings rose 18-percent year-over-year and 20 percent for the last quarter of 2020. Cloud bookings rose 43 percent over 2019 and were up 82 percent for the fourth quarter. The company only addressed earnings with the note “Pre-COVID EBITDA commitment achieved” Unit4’s announcement also described “strong global growth including its North America business, which is seeing growing demand for the Unit4 Cloud enterprise resource planning (ERP) platform and its new ERPx solution” but provided no revenue numbers in these areas.
Estimated reading time: 0 minutes, 40 seconds
UNIT4 CLOUD SUBS UP 15 PERCENT Featured
Unit4 says cloud subscription revenue for the year ended December 2020 was $119.9 million an increase of 15-percent over 2019. Privately held Unit4 did not report earnings or total revenue.
Most Read
-
-
May 22 2017
-
Written by mark
The last year has been one of change—the cloud has…
-
-
-
May 22 2017
-
Written by BobWScott
The last year has been one of change—the cloud has…
-
-
-
May 19 2021
-
Written by BobWScott
Just what kind of year has it been for the…
-
-
-
May 25 2016
-
Written by mark
Annual Report: 2016 BSI Top 100 VARs The web has…
-