Esker, a company specializing in growth in sales document workflow automation for paperless business, announces its 2014 financial results, which result in sales revenue of €46.1 million and a 12% increase over 2013. These good results are mainly due to the continu success of cloud-bas business process automation solutions . With lower initial costs and faster return on investment, the adoption of cloud solutions by Esker customers worldwide has continu to grow, reaching a volume of €30 million, 19% more than in 2013.
Esker’s 2014 financial year was also mark by strong results in its host access products (12% of sales) and license-bas automation solutions (22% of business). In the fourth quarter, the company report record results, with sales exceing €13 million and 16% growth over the same period last year.
Structural growth and profitability
The sales growth has result in a 46.8% increase in operating profit, which amount to 5.7 million euros and is equivalent to 12.4% of turnover. This improvement in japan email list 2 million contact leads profitability demonstrates the value of the cloud computing-bas business model, which has enabl Esker to combine structural growth with profitability. The strong performance of other product lines has also contribut to the positive results, particularly when compar to previous years.
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These strong results have been achiev by maintaining a high level of investment in order to maintain the level of development of Esker’s solutions while continuing to growth in sales increase sales. In 2014, sales and marketing expenses grew by 9.5%, and R&D expenditure increas by 9% in gross terms. On the other hand, recent movements in exchange rates – particularly the depreciation of the euro against the dollar, the currency in which Esker conduct 41% of its business – have not had a significant effect on the financial results and, in fact, if this trend continues, the company would benefit. After taxes, Esker’s net profit was 4.65 million euros, representing an increase of 46%.
Financial strength and forecasts
Strong sales and the corresponding results have also result in an increase in cash, specifically by 41%, to over 8.5 million euros. This has allow Esker to fully how big data is transforming business marketing finance its investment (3.8 million euros) in the repurchase of its shares on the market, and to pay dividends of 0.9 million to its shareholders, while still strengthening its treasury. The company’s cash was us at the beginning of 2015 to finance the acquisitions of two companies, the French CalvaI and the American start-up TermSync.
Bas on its business model and the afb directory success of its solutions, Esker anticipates similar results for 2015 to those achiev in 2014. The trends observ in the foreign exchange market at the beginning of the year could, if they continue, have a positive effect on the company’s growth and profitability.