K3 moving the right way

K3 Business Technology Group (K3) has released a brief in line trading update for H1, that points to a return to growth due to improvement in the performance of the Microsoft UK division and the release of the “ax / is fashion” Microsoft Dynamics  solution that it has been investing in heavily over the past couple of years. The positive trading update follows a difficult FY13 when revenue and profits suffered (see here) due to a faltering retail market and K3’s R&D investments. With business starting to roll in for the new product, and an enhanced version due in mid-2014, this year will be all about execution, driving revenue up while keeping costs under control.