Esker Q3 2013 Sales Activity
Upturn in Business Growth Highlights Strong Third Quarter
Madison, WI — October 22, 2013
A profitable third quarter
Esker third quarter sales revenue increased 6% based on a current exchange rate and 4% based on a fixed rate over a very strong Q3 2012 (+7%). This improved global performance can be attributed to two primary factors: the continued success of cloud-based solutions and favorable license sales of traditional software.
Growth of SaaS solutions up 14%
Revenue related to Esker cloud platforms increased 10% in Q3 2013, representing 56% of company sales revenue. At the same time, pure software as a service (SaaS) activity increased 14%. The effort to reduce on-demand solution implementation time, introduced in 2013, has generated positive initial results. Also, with a growth rate of 3% in the Professional Services consulting business, additional investment was made to presales efforts and on-premises document process automation implementations.
Increased cash flow
As of September 30, 2013, company cash rests at 13.5 million euros, versus 11 million euros the previous year, after dividend payment (660k euros). With net cash largely positive, Esker has the financial independence to invest in development while continuing its policy of dividend payment and share buy-back program.
Outlook for the end of 2013 and start of 2014
Three primary factors — recurring revenue (close to 75%), continued economic progress and the start of production on signed third-quarter contracts — will enable Esker to improve growth and profitability in the coming quarters.
About Esker
Esker is a worldwide leader in document process automation solutions. Addressing all types of business processes — from accounts payable and accounts receivable to order processing and procurement — Esker cloud computing solutions enable companies to automate the reception, processing and sending of any business document with one platform. Esker helps over 80,000 companies across the world reduce the use of paper and eliminate manual processes while improving their productivity, efficiency and environmental impact.
With 40.3 million euros in sales revenue in 2012, Esker operates in North America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. Esker is listed on the NYSE Alternext in Paris (Code ISIN FR0000035818). For more information, visit www.esker.com. Follow Esker on Twitter at www.twitter.com/eskerinc and join the conversation on the Esker blog at www.quitpaper.com.