A “People First” Approach by Unit4 Helps its Customers Navigate Uncertain Times While the Company Exceeds Q1 Targets

News highlights:

• Over 100 customers successfully went live on Unit4 products across the globe in Q1
• Cloud bookings grew 87% (YOY) in the first quarter with 55% annual growth in total bookings (YOY)
• Cloud subscription revenue increased 14% in Q1 2020 compared to Q1 2019
• Unit4 was named market leader in service-centric Cloud ERP by Constellation Research

Unit4, a leader in enterprise cloud software for people-centered organizations, today announced results for the first quarter ending March 31, 2020

First Quarter Results for Fiscal 2020

• Significant cloud growth and customer wins to kick-off the first quarter of fiscal year 2020.
• Cloud bookings grew significantly YoY reaching 87%, with total bookings showing 55% YoY growth.
• Cloud subscription revenue grew 14% in Q1 compared to the previous year.
• Net Revenue Retention remains positive at 101%.

Unit4 Customer Highlights

With high growth expectations for 2020 and a focus on accelerating its transition to the cloud, Unit4 continues to address people productivity holistically in every organization with which it partners. In Q1, the company secured new contracts with notable success in the Nordics, UKI, Central Europe and APAC, including:

• Försvarets Materielverk (Nordics) – Unit4 supports FMV in their financial control and process development with FP&A.
• The Norwegian Post – Unit4 will deliver a new payroll solution this year.
• Swedish municipality Alvesta – purchased Unit4 ERP to deliver better visibility and control over finances and operations.
• Titania in Sweden – will move to Unit4 ERP in the cloud for improved quality in financial reporting and project management.
• AXA Investment Managers - Unit4 Financials is central to a configurable P2P platform for rolling out P2P processes to a range of countries.
• North Lincolnshire Council – delivering a finance solution to support a shared service for two councils.

“We were looking for a provider that is at the forefront of innovation, who is investing in digitalization and automation and who can also deliver a cloud solution we can grow with. Thanks to Unit4 ERP and its modern user interface and mobile application, we can ensure seamless processes in our daily work,” - Anders Söderlund, CFO of Titania. one of Stockholm's fastest growing real estate developers.

Business Continuity in times of Change

Amid continued disruption across the globe, Unit4’s systems are business critical for customers to remain agile as they respond to market changes, while taking care of their people and their customers. Unit4 operations continue as usual and projects continue to execute successfully with the full suite and people capability of services being delivered globally. Projects are initiating, continuing and going live with no impact on timelines and quality delivered, with more than 100 go-lives completed in Q1.