Q2 2017 Sales Activity

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.

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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