Esker achieves a new record quarter with sales exceeding 17%
Another record quarter – SAAS activity up 27%
Esker Q3 2017 consolidated sales revenue totaled 18.0 million euros, a 17% increase over Q3 2016 (14% based on a constant exchange rate). For the first nine months of 2017, consolidated sales totaled 55.8 million euros, up 15% (+10% in organic growth).
Esker’s own activity has been very dynamic and continues to be driven primarily 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. The strength of the euro against the U.S. dollar and the British pound had a negative impact on the quarter’s sales by 0.4 million euros.
This third quarter includes the sales revenue of German company, e-integration GmbH, acquired at the beginning of the year. With 0.9 million euros in sales revenue, e-integration GmbH achieved 8% growth over the same period in 2016. This performance is in line with expectations and reinforces the relevance of the acquisition for Esker.
Revenues from SaaS-based automation solutions increased by 27% (21% at constant scope and exchange rates), representing 85% of the business. This performance reflects the rapid implementation of the numerous contracts signed in recent quarters, as well as the development of Esker’s existing customers.