Esker achieves record quarter
Sydney, Australia. — July 18, 2023
RECORD QUARTER, RECORD HALF YEAR
Esker Q2 2023 sales revenue amounted to 45.1 million euros, a 15% increase over Q2 2022 based on constant exchange rates (+13% based on current rates). Half-year sales revenue grew 16% based on constant exchange rates (+15% based on current rates) to 87.9 million euros. Once again, Esker has experienced its best quarter and half year in company history.
Cloud revenue (+20% based on constant rates and +18% based on current rates) continued to drive growth, representing 82% of the company’s business. This excellent performance is the result of the many customer contracts signed in previous quarters that are now progressively entering production. Additionally, transaction volumes have shown good resilience since the beginning of the year. Implementation services grew more gradually (+12% based on constant rates and +11% based on current rates), representing 16% of the company’s business. The performance of legacy products continues its downward trend, representing less than 2% of sales revenue.
Read the full press release here.