Kofax confirms 14% organic growth story

Document imaging company Kofax confirmed it is in line to deliver 14% organic growth from its core software business in FY11 (on a constant currency basis). Expenses and earnings before interest, taxes and amortization (EBITA) are also in line with expectations. The only niggle is the slightly protracted sale of its hardware business, which will close during May 2011. As we noted in Share Indices – February 2011, Kofax- was the best UK performer in February with a 44% rise, on the back of strong H1 growth (see here).