Esker Q1 2017 Sales Activity Exceeds 15%

Cloud-Based Solutions Power a Record First Quarter

Capture

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.

Read full press release here.

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.

More Posts - Website

Follow Me:
TwitterFacebookLinkedInGoogle PlusYouTube

Leave a Reply

Your email address will not be published. Required fields are marked *