Success of Cloud Solutions Drives Esker’s Growth

Esker today announc its results for Cloud Solutions the 2013 fiscal year. With revenue of €41.1 million, representing a 4% increase over 2012. At fix exchange rates and a 2.2% increase at current exchange rates. The company’s growth is driven by the continu success of automati business processes through cloud-bas solutions. Revenue generat in 2013 from active contracts increas by 16% to €25.2 million, representing 61% of the company’s business. These figures do not include contracts sign in the final part of the year, which went into production in 2014.

Cloud computing solutions have become the preferr business model for companies to invest in technology. Esker’s license sales have decreas by 18% and now represent only 8% of revenue. Given Esker’s strong position in the cloud solutions market, the company sees the opportunity for even greater growth in the coming years.

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The company’s operating profit stood at 3.9 million jamaica email list 329174 contact leads euros, down slightly (9%) mainly due to three factors: 1. The accelerat transition to the Cloud is affecting short-term results, as the decline in license sales has not yet been offset by the service-bas (SaaS) contracts already sign and currently entering production; 2. The company has made significant investments to strengthen its capacity to develop and improve its solutions, with R&D expenses exceing 0.58 million euros, 22% more than in 2012; and 3. Fluctuations in the various currencies against the euro, primarily the American and Australian dollars and the pound, have affect 2013 results, with an estimat impact on operating profit of 250,000 euros compar to 2012.

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Net profit up 6%
However, given the positive performance of microsoft’s acquisition of linkedin and its importance for marketers the year in 2013. And the lower tax rate compar to 2012, the company’s net profit increas by more than 6%. Combin with rigorous cost control, this means that Esker afb directory generat more than €6 million in operating cash, an increase of 20%.

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