A record year and quarter fuelled by growth in cloud-based solutions
Growth in cloud-based activities
Esker Q4 2018 consolidated sales revenue amounted to 23.5 million euros, a 16% increase over Q4 2017 (15% based on a constant exchange rate). Sales revenue for 2018 totalled 86.9 million euros, a 14% increase over 2017 (16% based on constant exchange rate). The weak U.S. dollar against the euro in the first four months of 2018 explains the slight difference. Esker has once again experienced its most successful quarter and year in company history.
Esker’s activity continues to be driven by cloud-based activities. Revenue from SaaS automation solutions increased by 19% over the quarter, representing 88% 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.