A year fueled by growth in operating income and accelerated investment
Madison, WI — March 24, 2017
Continued Growth of Cloud-Based Solutions
Esker’s sales revenue reached 66 million euros in 2016, a 13% increase over 2015 (12% based on a constant exchange rate). These results are marked by the ongoing success of cloud-based document process automation solutions, representing close to 51 million euros (77% of sales), up 20% over 2015. The performance of traditional license-based products leveled off at 10.7 million euros (down 3%), while legacy products declined 17%, now representing only 7% of company sales.
Accelerated Company Development and Investment
Based on the growing success of its cloud-based solutions, Esker implemented a strategic investment campaign in 2015 and 2016 to strengthen its position and develop its medium-term growth capabilities. In 2016, the number of employees allocated to research and development increased by 26% compared to 2015. Similarly, the consulting teams grew by more than 21% to ensure the entry into production of the high volume of customers signed in 2016 and to ensure the satisfaction of existing customers. Lastly, the sales teams increased 15% to prepare for revenue growth in future years. In total, Esker employed an average of more than 400 people in 2016, an increase of 17% compared to 2015.