Kofax Plc (KFX.L), a leading provider of Capture Enabled BPM solutions, Tuesday said it ended the year with record total revenues, helped by strong software license revenue growth in the fourth quarter.
In a trading update for the year ended June 30, Kofax said total revenues for the year are in the range of $261 to $263 million. The company expects to report an EBITA of at least the $40.2 million realized during the previous fiscal year. Both these results are in line with company expectations.
Reynolds Bish, CEO, said, "...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.
Separately, Kofax announced the appointment of Howard Dratler as its new Executive Vice President of Field Operations effective July 25. Dratler will be responsible for all customer facing functions on a global basis. This includes sales, pre sales, channel management, business development, sales enablement, professional services, maintenance services and sales operations activities.
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by RTT Staff Writer
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