Esker Q2 2016 Sales Activity Exceeds 14%

Cloud-Based Solutions Power a Record Second Quarter 

Madison, WI — July 13, 2016

A Record Quarter

Esker Q2 2016 sales revenue totaled 16.8 million euros — a 14% increase over Q2 2015 based on a constant and current exchange rate — making it Esker’s most successful quarter in company history. For the first half of 2016, sales revenue amounted to 33.1 million euros, up 17% (15% in organic growth) over the first half of 2015.

Growth Up 26% in Cloud-Based Solutions

Total revenue related to Esker’s cloud-based solutions increased 26% in Q2 2016 (24% based on a constant exchange rate and like-for-like [LFL] growth), representing 75% of total company sales revenue. This growth is due to the high volume of customers that signed at the beginning of 2016 now entering production, as well as the steady pace of new customers signing. Revenue on legacy products remain consistent with their historical trend. 

Positive Outlook for 2016

Due to factors such as recurring revenue (close to 80%), the sustained rate of business activity, and the start of production on contracts signed in the first half of 2016, Esker anticipates it will achieve 13-18% growth in 2016 associated with a further increase in operating profit.

Profitability & Strengthened Financial Structure

As of June 30, 2016, company cash rests at 17.6 million euros after dividend payment. With 11.9 million euros in net cash and close to 180,000 in treasury shares, Esker has the financial independence necessary to pursue its strategy of combining organic growth and acquisitions.

About Esker

Esker is a worldwide leader in cloud-based document process automation software. Esker solutions help organizations of all sizes to improve efficiencies, accuracy, visibility and costs associated with business processes. Esker provides on-demand and on-premises software to automate accounts payable, order processing, accounts receivable, purchasing and more. Founded in 1985, Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France and U.S. headquarters in Madison, Wisconsin. Last year Esker generated 58.5 million euros in total sales revenue. For more information on Esker and its solutions, visit www.esker.com. Follow Esker on Twitter @EskerInc and join the conversation on the Esker blog at blog.esker.com.

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