Esker Q4 2015 Sales Activity Exceeds 23%
A record quarter fueled by growth in cloud-based solutions
Madison, WI — January 20, 2016
A Record Quarter & Year
Esker Q4 2015 sales revenue amounted to 16.1 million euros, a 23% increase over Q4 2014 (+10% based on a constant exchange rate and like-for-like [LFL] growth). These positive results are largely a consequence of the dynamic growth of cloud-based solutions, the increased value of the U.S. dollar, and the acquisitions of CalvaEDI and TermSync.
Sales revenue for 2015 totaled 58.5 million euros, up 27% over 2014 (+13% excluding acquisitions and using constant exchange rates). Esker has once again experienced its most successful quarter and year in company history.
Growth Up 28% in Cloud-Based Solutions
Total revenue related to Esker’s cloud-based platform increased 28% in Q4 2015, representing 72% of total company sales revenue over the year (75% for Q4). This growth can be attributed to the significant number of customers who signed in previous quarters now entering production.
Revenue on legacy products and license-based document process automation products was slightly down this quarter due to an unusually high level in Q4 2014; however, their relative influence (9%) no longer impacts company growth.
Profitability & Strengthened Financial Structure
Esker anticipates the final operating profits for 2015 to significantly improve, thanks to dynamic growth and a favorable currency effect.
Despite two acquisitions in 2015, as of December 31, 2015, company cash rests at 15.8 million euros, against 17.5 million euros the previous year. With 11.6 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.
Positive Outlook for 2016
Due to factors such as recurring revenue (close to 80%), the consolidation of a year of company acquisitions, and the start of production on contracts signed at the end of 2015, Esker anticipates that it will achieve double-digit growth in 2016.
About Esker
Esker is a worldwide leader in cloud-based document process automation software. Organizations of all sizes use its shared platform of solutions, offered on-demand or on-premises, to automate accounts payable, order processing, accounts receivable, purchasing and more. Esker’s solutions are compatible with all geographic, regulatory and technology environments, helping over 11,000 companies around the world in their efforts to Quit Paper™. 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 46.1 million euros in total sales revenue. For more information on Esker and its solutions, visit www.esker.com. Follow Esker on Twitter at twitter.com/eskerinc and join the conversion on the Esker blog at blog.esker.com.