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Trading updates from three UK software players paint a mixed picture of the state of the marketplace.
After missing FY targets (see Kofax’s full year falls short), document imaging company Kofax has not got off to a great start in its first quarter, warning on revenues and laying off staff in a bid to hold profits at least flat for FY12.
At the positive end of the confidence scale, multi-channel retail and manufacturing software player, Sanderson, reports “continued good trading” after its recent refinancing (see here), and chairman Chris Winn expects to report in-line numbers for the year just closed (to 30th Sept.)
In the middle sits product development software firm, Sopheon. After a not brilliant H1 (see No half time surprises from Sopheon), management reported “stronger business” in Q3, though revenue visibility for FY11 still falls short of the £10.5m achieved in FY10. In a statement laden with caution and caveats, you’d be hard pushed to work out whether management thinks it will make the numbers, but I will leave it you to draw your own conclusions.
We truly live in uncertain times.
