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| Specifications | Microsoft Word - 120509_IMS BMoschner |
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| Content | Kofax plc - Regulatory Announcement Page 1 of 2 Regulatory Announcement Company KOFAX plc TIDM KFX Headline Interim Management Statement Released 07:00 12-May-09 Number 0521S07 Kofax plc: Interim Management Statement Basingstoke, 12 May 2009 – Kofax plc (LSE: KFX), the leading provider of Intelligent Capture & Exchange solutions, releases its Interim Management Statement for the period from 1 January to 31 March 2009. Like many other technology companies, Kofax had a challenging quarter. While the Company’s revenues and adjusted operating profit continued to benefit from current exchange rates, they were nonetheless lower than those expected by management and the Board. As a result, while the Company still expects to be within the range of analyst expectations for the full year it will be within the lower end of the current range of the same. In the applications software and services business, the Company experienced further progress in implementing its hybrid go-to-market strategy, with an increasing portion of its revenues coming from direct engagements, and improved performance in the Asia Pacific region. In the Americas and EMEA the Company encountered a lengthening of sales cycles and delays in decision making during the final weeks of the quarter, which resulted in lower than expected revenues in those regions. The hardware distribution businesses continued to be negatively impacted by weak economic conditions, which led to fewer digital scanners being sold and lower OEM / POS software revenues. While Kofax continues to prudently invest in its business to improve its future operating leverage, it is also exerting very tight hiring and expense controls in non revenue generating functions but those cost savings were not sufficient to offset the lower than expected revenues. Management and the Board are pleased with the progress in implementing Kofax’s strategic initiatives to date and at 31 March the Company’s balance sheet remained strong with substantial cash balances and no debt. However, market conditions are volatile and difficult to predict. As a result of these factors, management and the Board have lowered their expectations for the Company’s full year results but these remain within the lower end of the current range of analyst expectations. For further information, please contact: Kofax plc FD Investor Contact: James Melville–Ross Stefan Gaiser, Chief Financial Officer Juliet Clarke +44 (0) 800 6520 616 Tel : +44 (0) 20 7831 3113 stefan.gaiser@kofax.com e-mail: kofax@fd.com Media Contact: Michael Troncale, Director, Corporate Communications +1 949-727-1733, x434 michael.troncale@kofax.com |
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| Following Datasheets | 120516_en (1 pages) 120612_IMS (3 pages) 120626_Dossier_de_Imprensa_Jogos_O_mpicos_VF (13 pages) 120626_PR_Panasonic_JO (5 pages) 120628_A_Panasonic_introduz_telefones_sem_fios_na_sua_rea_de_neg_cio_em_Portugal (4 pages) 120712_Panasonic_oferece_c_maras_Skype (4 pages) 120718_FZ_PT (5 pages) 120718_G5_PT (6 pages) 120718_LUMIX_G_VARIO_PT (3 pages) 120718_Lumix_SZ5 (4 pages) |
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