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.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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