Document imaging and business process management (BPM) provider Kofax says its performance in Q4 and for the year to June was in line with expectations. Revenue was in the range of $261m to $263m, with EBITA of “at least” $40.2m. Shares in the company are up 4% in early trading this morning.
This looks like a more solid end to the year from Kofax, following a shaky Q3 (see Kofax slides on Q3 warning). Licence sales in Q4 appear to have been strong, with year-on-year growth “in the very high teens”. And total revenue growth in the quarter was only a shade lower at “mid teens”. For the year as a whole, the company is signalling organic, constant currency growth “in the low single digits”. More details to follow when full results are released in early September.