Esker completes a record year with its fourth quarter results
Esker, one of the world’s leading providers record year of document process automation solutions, announces that despite difficult market conditions, it has had its best fourth quarter in its history in terms of results, as well as its best fiscal year.
Sales revenue for 2012 amount to EUR 40 million, representing an increase of 11% over the previous year at current exchange rates, and the fourth quarter end with a 9% increase at the same exchange rate compar to the same period in 2011.
During this period of economic uncertainty, companies are often looking for flexibility and maximum productivity from their IT spending. Cloud- bas solutions are responding to this challenge, helping to ruce initial investments and operating costs, as well as ensuring continuous software updates. Organizations of all sizes and in all markets have decidly opt for Cloud solutions, to the detriment of licens software.
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While traditional software sales are stagnating, cloud georgia email list 3 million contact leads solutions continue to grow. As a result, recurring revenues generat by subscription-bas solutions increas by 24.3% in the fourth quarter and by 22% for the full year, representing a volume of 20 million euros. Given the pace of new on-demand service contracts being sign, this growth is likely to continue in the coming years. Thanks to the strategic positioning and development plans establish in 2005, Esker is benefiting from this fundamental change in the IT business, placing itself in a position of significant competitive advantage.
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Sustain profitability
At a minimum, Esker expects to maintain the profitability b2b communication and marketing: how to achieve results? levels it achiev in 2011. Strong sales in 2012, coupl with rigorous cost control, will allow Esker to quickly transition to a cloud-bas model.
As of December 31, 2012, the company’s aob directory cash position stood at €11.1 million, compar to €10.7 million at the same time in 2011. This highly positive cash position allows Esker to enjoy financial autonomy to invest in its developments while continuing its dividend payment policy and its share buyback programs.