A record quarter and year fueled by growth in cloud-based solutions
A Record Quarter & Year
Esker Q4 2016 sales revenue amounted to 17.5 million euros, a 9% increase over Q4 2015 on a current and constant currency exchange rate basis. These results are largely due to the dynamic growth of Esker’s cloud-based solutions. Sales revenue for 2016 totaled 66 million euros, up 13% over 2015 (12% based on constant exchange rate and like-for-like [LFL] growth). Esker has once again experienced its most successful quarter and year in company history, despite an unfavorable base effect on legacy products.
Total revenue related to Esker’s cloud-based solutions increased 20% in 2016, representing 77% of total company sales revenue (79% in Q4). This growth is due to a high volume of customers that signed in 2016 and are now entering production, as well as intense platform usage by existing customers.