Unit4 cloud growth continues in Q3

gordon stuart

Unit4, has announced its results for the third quarter ending 30 September 2021, with the company reporting continued growth across all products including ERPx, regions and industries.  

Cloud subscription revenue increased 27 percent (year to date) compared with the same period last year, while annual recurring revenue grew 26 percent year on year. Cloud bookings increased by 14 percent, with 11 percent total bookings growth and 34 new customers signed, including North Sea Port, The Volvo Dealers’ Association, Amplit, Necto AS, Punch Consulting, Simcoe Muskoka Catholic District School Board and Durham Catholic District School Board.  

 Unit4 continues to gain momentum with its ERPx, the next generation in smart ERP, with its customer count increasing to 62 from 44 at the end of the quarter. With continued investment in customer success, Unit4 completed 55 successful customer go-lives in Q3 and achieved 104 percent net revenue retention.   

Gordon Stuart, CFO at Unit4, said: “As our customers plan for the future, we know how important it is for them to have the digital operations platform that is right for their organisations. We have a unique advantage as our focus on people-centric services industries means we can offer unrivalled industry-specific functionality that enables our customers to work smart, be more agile and make more impactful decisions faster. That is why we continue to see momentum building for our ERPx platform and excitement among our customers to see the latest developments at Experience4U in November.”  

Unit4’s flagship global virtual event, Experience4U, will return on 16th and 17th November 2021. Bringing together customers, prospects, and partners from the Unit4 community, the event promises to deliver important announcements, a first look at new products and features in action, and case studies from customers across a number of industries.