Cloud-Based Solutions Power a Record First Quarter
A Record Quarter
Esker Q1 2017 sales revenue amounted to 18.7 million euros, a 15% increase over Q1 2016 (8% based on a constant exchange rate). These results include the sales revenue of recently acquired German company, e-integration GmbH. With 0.9 million euros in sales revenue, e-integration achieved 16% growth over the same period in 2017. This performance is slightly higher than expected and reinforces the relevance of the acquisition for Esker.
With or without e-integration GmbH’s contribution, Esker has once again experienced its most successful quarter in company history. The excellent performance of Esker’s cloud-based solutions largely offsets an unfavorable base effect on the more traditional and legacy products, which, as previously announced, was due to several large non-recurring deals recorded in the first half of 2016.
Total revenue related to Esker’s cloud-based solutions increased 31% in Q1 (21% based on a constant exchange rate), representing 84% of total company sales revenue. This growth is due to a high volume of customers that signed in 2016 and are now entering production, as well as the increased use of Esker’s solutions by existing customers.