Middleton, WI — July 18, 2017
ANOTHER RECORD QUARTER
Esker Q2 2017 sales revenue totaled to 19.1 million euros, a 13% increase over Q2 2016 (9% based on a constant exchange rate). For the first half of 2017, sales revenue amounted to 37.8 million euro, up 14% (9% in organic growth).
This second quarter includes the sales revenue of recently acquired German company, e-integration GmbH. With 0.9 million euros in sales revenue, e-integration GmbH achieved 24% growth over the same period in 2016. 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.
Esker’s own activity has been very dynamic and continues to be mainly driven by cloud-based activities. The excellent performance of Esker’s cloud-based solutions largely offsets an unfavorable base effect by the more traditional and legacy products, which, as previously announced, was due to several non-recurring deals recorded in the first half of 2016.
Despite the reduced number of working days this quarter, revenues from SaaS-based document process automation solutions increased by 25% (18% at constant scope and exchange rates), representing 84% of the business. This performance reflects the rapid roll-out of the numerous contracts signed in recent quarters, as well as the development of Esker’s existing customers.