Unit4 has announced results for Q1 ending March 31, 2022, with cloud subscription revenue up by more than 20 percent year-on-year.
The company signed over 20 new customers in Q1 including The Royal Devon and Exeter NHS Foundation Trust, Botkyrka Kommun, Medair, Norwegian Labour and Welfare Administration, and Klax, and reported a total of 36 successful go-lives.
Following the general availability of ERPx in April 2021, Unit4 now has 126 customers signed up across all regions and industries.
According to Unit4, the company’s focus for 2022 remains on innovation, leading edge technology, and supporting customers on their digital transformation journeys.
Matt Bagley, Unit4 CFO, said: “Having joined Unit4 in January, at the start of our fiscal year, I am pleased with this solid performance in Q1. This is a great foundation from which to meet our growth ambitions this year, which has been underscored by the number of new logo wins, and heightened customer interest in the move to cloud across all sectors in which we operate – whether it’s professional services, non-profit, higher education or public sector.”
Mike Ettling, Unit4 CEO, added: “2022 will see mid-market ERP on the cusp of a new phase of adoption, and competitive advantage will come down to how fast and effectively organizations can adapt to the accelerating pace of change. We are investing in our growth, and that of our customers, by building a robust platform using smart automation tools, AI and microservices, to give our customers a competitive edge. Not only that, but we also believe that we are ahead of our competitors in empowering mid-market organizations with the interoperability and adaptability they need to succeed. Our approach will redefine the role of ERP and help our customers shift their ERP from being a back-office system of record to becoming the backbone of their organizations’ digital transformation strategies.”
