Update: 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.ESKER and its subsidiaries are engaged in the design and production of software applications. Co. operates corporate resource access software such as applications and databases for workstations. Co. has three major product groups: Host Access, DeliveryWare and Fax Server. Host Access products allows users to access applications and databases stored on different servers from their own workstations. DeliveryWare responds to the need of companies for automatic management document delivery. Fax Server allows the user to send a fax directly from their workstation.
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