Q3 2017 Sales Activity

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.

Read 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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