Esker's sales revenue in 2011 amounted to €36 million, representing brazil telegram data a growth of 13% at a fixed exchange rate and 11% at a variable exchange rate. Once again, document automation solutions have driven the company to this record figure, representing 82% of operations and close to €30 million in terms of turnover.
The United States contributed 14% of quarterly growth and 19% of annual growth. American companies continue to invest heavily in Esker's technology solutions, allowing them to improve margins and contain their staff costs, thereby improving the service they offer to their customers and partners.
For its part, Esker's on-demand solutions (FlyDoc and Esker on Demand) maintained their growth at a stable rate, 25% in the fourth quarter, while Cloud solutions represented 48% of activity in 2011. With these results, Esker is positioned among the main software manufacturers that have successfully incorporated the Cloud into their solutions, a result of the strategy and development plans undertaken by the company in 2005.
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Strong liquidity
Strong sales in 2011, combined with strict cost control, have enabled Esker to achieve a significant increase in its annual operating results. As of 31 December, the company's net assets stood at more than 10 million euros, compared with 8.9 million euros at the same time in 2010. Esker thus has the financial autonomy to continue growing.
Looking ahead to 2012, the already secured revenues (over 67%) and the increasing internationalisation should enable Esker to achieve growth of around 12%. The company can also benefit from the strength of the dollar and other currencies against the euro. The progressive sales revenues, combined with strict cost control, will enable the achievement of positive results in the new fiscal year.
