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Record Q2 Orders; FY24 Outlook Maintained

Esker U.S. reported Q224 year-on-year constant currency (cc) revenue growth of 14% and bookings annual recurring revenue (ARR) cc growth of 65%. Bookings more than doubled in the Americas, helped by a large upsell to an existing customer, and had double-digit growth in every other region. On the back of the strong order intake year-to-date, management confirmed that its expectations for FY24 were unchanged. Edison Group has made small upgrades to their forecasts to reflect the strong Q2 performance.

18 July 2024




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