Esker has reported another strong quarter: Q215 revenues grew 18% y-o-y in constant currency, up from 12% in Q115, benefiting from strong organic growth and closure of the CalvaEDI acquisition in the quarter. We have upgraded our forecasts to reflect the strong level of underlying growth and the currency benefit. We have lifted revenues by 3.9% in FY15e and 2.4% in FY16e, driving EPS upgrades of 32% in FY15e and 16% in FY16e.
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Strong Q2 drives upgrades
Esker has reported another strong quarter: Q215 revenues grew 18% y-o-y in constant currency, up from 12% in Q115, benefiting from strong organic growth and closure of the CalvaEDI acquisition in the quarter. We have upgraded our forecasts to reflect the strong level of underlying growth and the currency benefit. We have lifted revenues by 3.9% in FY15e and 2.4% in FY16e, driving EPS upgrades of 32% in FY15e and 16% in FY16e.