Esker’s 2016 Annual Results

A year fueled by growth in operating income and accelerated investment

Madison, WI — March 24, 2017

financials

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.

Read the 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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