UNIT4 shows strong results
House of Commons contract helps bolster UNIT4 first quarter results
FINANCIAL IT BUSINESS UNIT4 has revealed double digit increase of revenues for the first quarter of 2011, following significant contract wins in the UK, including the House of Commons.
UNIT4’s total revenues increased nearly 16% to €112.1m (£98.6m) in the first quarter of 2011 compared to the same period last year.
The parent company of financial software provider Coda and online accountancy software FinancialForce.com, said the UK had achieved “above average growth”.
Anwen Robinson, UK managing director, UNIT4, said: “I am pleased to report that Q1 2011 has proved successful for UNIT4 in the UK, both financially and operationally.
“In spite of the much debated spending cuts and resulting cautiousness in the economy and business environment, the UK operations have made solid progress in Q1.
“During the quarter we secured a significant new opportunity with the House of Commons which is an existing customer and have signed an agreement with Hampshire County Council to deliver UK wide shared services.”