Esker Sees 27% Increase in Q3 2015 Sales Activity
Success of Cloud-Based Solutions Drive Strong Third Quarter
Madison, WI — October 21, 2015
A Successful Third Quarter
Esker Q3 2015 sales revenue amounted to 14.2 million euros, a 24% increase over Q3 2014 (+12% based on a constant exchange rate and like-for-like [LFL] growth). These excellent 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. Esker’s third quarter results are in line with the first half of the year.
Growth Up 36% in Cloud-Based Solutions
Total revenue related to Esker’s cloud-based platform increased 36% in Q3 2015 (+19% based on a constant exchange rate and LFL growth), representing 70% of total company sales revenue over the quarter. This growth can be attributed to the significant number of customers who signed in previous quarters now entering production, as well as the full consolidation of acquired companies.
Positive Outlook for the Rest of 2015
Due to factors such as recurring revenue (close to 80%) and the start of production on contracts signed this quarter, Esker anticipates it will achieve over 25% growth for the year (organic sales growth between 12% and 14%). The trend of contracts being signed at the end of the quarter also suggests continued company growth in 2016.
Profitability and Strengthened Financial Structure
Esker anticipates operating profits to significantly improve over 2015, thanks to dynamic organic growth, the sharp appreciation of the U.S. dollar and the integration of CalvaEDI.
As of September 30, 2015, company cash rests at 14 million euros, the same amount as the previous year. With net cash largely positive and close to 180,000 in treasury shares, Esker has the financial independence to pursue company development while continuing its policy of dividend payment and share purchase on the market when deemed necessary.
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.