Esker Achieves Record Year, 2012 Annual Results

Strategic positioning and cloud-based solutions help Esker achieve a record year in terms of sales (+11%) and profitability (+14%)

Values in Thousands

2012

2011

Growth

Sales revenue

40,260

36,278

+11%

Operating income

4,265

3,810

+12%

Current income

4,303

3,906

+10%

Net income

3,001

2,640

+14%

Net worth

15,552

13,395

+2,157

Cash balance

11,393

10,847

+546

The Esker Supervisory Board approved the financial statements for the year, ending December 31, 2012. Audit procedures on the consolidated accounts have been completed. The certification report will be issued at the end of April, following the completion of procedures required for the publication of the annual financial report.

Most Successful Year in Company History

Confirming the predictions it made in the release of its annual financial results earlier this year, Esker finished 2012  strong,  constituting a record high for the company. Sales revenue for FY 2012 reached 40.3 million euros,  which is a 6% increase over 2011 based on a fixed exchange rate (11% based on a current exchange rate). Meanwhile, operating profits increased 12% (representing 10.6% of company turnover), which net income exceeded 3 million euros (7.45% of sales), which is an increase of nearly 14%. This continued success highlights the importance of Esker’s strategic positioning in the dynamic market of cloud-based document process automation.

Read the Full Press Release.

Esker Inc.

Esker helps organizations eliminate paper and improve business processes by integrating on-premise and on-demand document automation with applications — for higher efficiency in sales order processing, invoicing, accounts payable and purchasing to shorten order-to-cash and procure-to-pay cycles.

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