Esker Q4 2016 Sales Activity

A record quarter and year fueled by growth in cloud-based solutions

 

Q4 2016

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.

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.

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