Dynamic revenue growth driven by cloud solutions
Esker’s sales in the first half of 2022 increased by 13% at constant exchange rates. SaaS (Software as a Service) revenue increased by 17% to represent 80% of activity over the half-year. Implementation services (consulting) grew by 9%, accelerating in the second quarter after a start to the year marked by absences linked to the Covid-19 pandemic in our teams and those of customers. Historical products, which only represent 4% of turnover, decreased by 26%.
The growth in SaaS revenue comes both from the commercial successes recorded in 2021 and 2022 (15% of half-year SaaS revenue), and from the good performance of the activity of existing customers on the platform. For the first half of 2022, Esker’s SaaS revenue is made up of 45% subscriptions (+33% compared to the first half of 2021) and 55% variable revenue depending on the activity of users of the platform ( +9%).
From a geographical point of view, all business areas are posting double-digit growth. The United States remains the most dynamic region with +15% growth (constant rates), followed by the Asia Pacific zone (+13%) and Europe (+12%).