Prepress

Kofax Announces a Trading Update for its Fiscal Year Ended June 30, 2012

Tuesday 24. July 2012 - Results in Line with Expectations & Driven by Strong Q4 Software License Revenue Growth

Kofax plc (LSE: KFX), a leading provider of Capture Enabled BPM (business process management) solutions, today announces an unaudited trading update for its fiscal year ended June 30, 2012.
The Company ended the fiscal year with record total revenues in the range of $261 to $263 million and expects to report an EBITA of at least the $40.2 million realized during the previous fiscal year, both of which are in line with Company expectations previously communicated to the financial community.
There have been no adverse changes in Kofax’s financial position since March 31, 2012, its cash generation has been in line with Company expectations and its balance sheet remains strong, with no debt and $81 million of cash on hand at June 30, 2012.
Commenting on today’s announcement, Reynolds C. Bish, Chief Executive Officer, said: “Our fourth quarter produced strong results and allowed us to realize record software license revenues and record total revenues on both a quarterly and fiscal year basis. Year over year, fourth quarter software license revenues grew in the very high teens and total revenues grew in the mid teens. Software license revenues, service revenues and revenues in all geographic regions, our core capture business and acquired businesses were equal to or greater than our expectations. Total revenues for the fiscal year grew in the high single digits on an as reported basis and in the low single digits on an organic constant currency basis. We remain confident in our business and expect to provide an outlook for the Company’s fiscal year ending June 30, 2013 on Monday, September 3, 2012.”