Better Profitability in FT22

Esker Inc reported a robust H122 performance, with 19% revenue growth year- on-year, 41% operating profit growth and 19% growth in the annual recurring value of new contracts signed. Reflecting the potential for slowing demand due to current macroeconomic uncertainty, the company slightly reduced its revenue guidance for FY22 but expects to be at the upper end of its operating margin target range. The share price appears to have stabilised around €125.6 after declining from its December 2021 peak of €361.5.

Edison Group#software#computerservices#growth

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