Unit4 has reported results for Q2 and the first half of 2021, ending 30 June 2021, showing a 59 percent year-on-year increase in cloud bookings in Q2 and 40 percent across the half.

Cloud subscription revenue grew 25 percent in Q2 compared to the previous year, but slowed from the 28 percent growth Unit4 saw in Q1.

ERPx, which Unit4 launched into general availability earlier this year, now has 44 customers, including new names Aurora Care, Birmingham Metropolitan College, Den Norske Krigsforsikring for Skib, and Lunar Bank A/S.

Unit4 signed a record number of new name customers in the first half of 2021, including Bodø Energy, Devoteam, GBS, Golden Lane Housing, Motala Municipality, Metyis, North Sea Port, Portman Travel, Parks and Resorts Scandinavia AB, Strängnäs Municipality and The Police and Crime Commissioner for Cheshire. It also completed 88 successful customer go-lives in the first half of the year, leading to 103 percent net revenue retention through Q2.

The company also saw 201 percent quarter-on-quarter growth on the value of contracts via partners.

Gordon Stuart, Unit4 CFO, said: “As we begin our next chapter in partnership with TA Associates, we are more confident than ever in our people, solutions and ability to deliver something exciting for mid-market services organisations. Our H1 results demonstrate resilience and agility with a focus on driving growth through innovation and delivering customer value. Our customers are looking to Unit4 to deliver the tools they need to run their organisations efficiently and effectively, and to deliver the critical digital transformations they are undertaking. They are also looking for software solutions that can adapt as they do in response to rapid change. As Unit4 continues to disrupt the market with ERPx it remains committed to delivering an extraordinary people experience for its customers.”


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