Unit4, a next generation Enterprise Cloud Software company that provides solutions to individuals and large-scale organizations, has announced on Tuesday May 5, 2020 that the company exceeds the Q1 2020 financial targets with the help of ‘People First’ approach.
According to the details issued by the PR Newswire News Agency, the cloud booking of customers has grown significantly by reaching 87% with a total growth of 55% bookings. The cloud subscription of the company increases to 14% in Q1 2020 as compared to the previous year. The net revenue retention of the company remains positive at 101%.
During the continued disruption across the globe, all the systems and platforms developed by Unit4 is critical for business survival as they integrate their systems in response to the recent market developments and changes. The company has further said that it would continue its policy of providing the disruption free services to its clients despite the Covid-19 pandemic.
Chief Executive Officer of Unit4, Mike Ettling said, I’m incredibly proud of the work our customers are doing from public sector organizations supporting essential workers; Universities creating essential PPE; nonprofits like CGIAR who are raising awareness around the impacts of COVID-19 on the most vulnerable communities around the world; and charities supporting children and caregivers in isolation.”
“Last year was a milestone for us. We renewed our leadership, invested in our people, refreshed our brand, and focused on how we could accelerate our transition to the cloud. The current crisis has proven our ability to adapt and remain resilient. We are committed to sustaining this momentum by maintaining the strong support and guidance we’re able to give our customers and doing this remotely, delivering planned go-lives, and supporting those looking to carry out new change projects,” Mike Ettling continued.
Sandra Hayes is a Master’s in Business Administration by education. After completing her post-graduation, Sandra jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor. As an avid day trader, Sandra is a master of technical analysis and writes tirelessly on how stocks are trading. She has extensive knowledge in technical analysis & news writing.
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