Esker - Upgrading on strong Q2 performance
Organic growth has accelerated through H118 and, combined with a slightly more favourable currency position and strong order intake, leads us to upgrade our forecasts for FY18 and FY19. We have increased our revenue forecasts by 1.7% in FY18 and 3.8% in FY19. Factoring in increased investment in headcount, this translates into normalised EPS upgrades of 8.2% in FY18 and 4.0% in FY19.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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