Esker saw SaaS-based revenue growth accelerate through 2019 as previously signed contracts started to contribute and existing customers grew volumes processed through the platform. With FY19 revenues ahead of our forecast and guidance for revenue growth of at least 15% in FY20, we have raised our revenue and EPS forecasts for both years. Revenues are now more than 90% SaaS based, with c 80% recurring revenues providing good visibility for future growth.
20 Jan 2020
Esker - Strong guidance for FY20
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Esker - Strong guidance for FY20
Esker saw SaaS-based revenue growth accelerate through 2019 as previously signed contracts started to contribute and existing customers grew volumes processed through the platform. With FY19 revenues ahead of our forecast and guidance for revenue growth of at least 15% in FY20, we have raised our revenue and EPS forecasts for both years. Revenues are now more than 90% SaaS based, with c 80% recurring revenues providing good visibility for future growth.