Esker achieves a new record quarter with sales exceeding 18% growth
A record quarter
Esker Q2 2019 consolidated sales revenue amounted to 26.1 million euros, a 16% increase over Q2 2018 based on a constant exchange rate (18% based on current rates).
The difference between constant currency growth and reported growth is mainly due to the strong improvement of the U.S. dollar against the euro. The average euro/dollar ratio was 1.12 in the second quarter of 2019 compared with 1.18 in the same quarter of the previous year.
Esker has, once again, experienced its most successful quarter in company history. For the first half of 2019, sales revenue amounted to over 50 million euros, a 15% increase based at constant exchange rates (17% based on current rates).
Esker’s activity continues to be driven by cloud-based activities. Revenue from SaaS-based automation solutions increased by 21% over the quarter, representing 90% 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.