Cloud-based document process automation solutions drive growth and profit
Middleton, WI — September 15, 2017
STRONG GROWTH DESPITE UNFAVORABLE BASE EFFECT
Esker’s 2017 half-year sales revenue grew 14% over the same period of the previous year. This growth was achieved by taking into account the activity of recently acquired German company, e-integration GmbH, as well as Esker’s dynamic organic growth. At constant scope and exchange rates1, Esker’s revenue growth was nearly 9% compared to the first half of 2016.
These results are noteworthy considering sales in the first half of the year suffered from an unfavorable, non-recurring base effect linked to several unusual licensing deals recognized in H1 2016. Consequently, licensing sales fell by more than 1 million euros in the first half of 2017 (equivalent to a three-point drop in growth). This will not occur in the second half of 2017.
The success of Esker’s cloud-based document process automation solutions continues to drive company growth across all markets. Revenue generated by cloud-based solutions was up 20% (at constant scope and exchange rates) in the first half of 2017, representing 84% of total revenue.