Esker achieves a new record quarter with sales exceeding 18%
A record quarter
Esker Q2 2018 consolidated sales revenue amounted to 22 million euros, an 18% increase over Q2 2017, based on a constant exchange rate (16% based on current rates). The difference between constant currency growth and reported growth is mainly due to the significant improvement of the U.S. dollar against the euro.
For the first half of 2018, growth at constant exchange rates increased 17% (13% based on current rates). Esker has, once again, experienced its most successful quarter in company history, despite the negative currency impact.
Esker’s activity has been very dynamic and continues to be driven by cloud-based activities. Revenues from SaaS-based automation solutions increased by 21% over the quarter, representing 87% of the company’s business. This performance reflects the implementation of numerous contracts signed in previous quarters, as well as the development of Esker’s existing customers.