Microsoft Word - KOFAX IMS Nov 6 FINAL Rebecca.Mack

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Specifications	Microsoft Word - KOFAX IMS Nov 6 FINAL Rebecca.Mack
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1 For Immediate Release Media Contact: Kristin James Public Relations Manager +1 949-783-1434 kristin.james@kofax.com Investo

Specifications	Microsoft Word - KOFAX IMS Nov 6 FINAL Rebecca.Mack
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Content	1 For Immediate Release Media Contact: Kristin James Public Relations Manager +1 949-783-1434 kristin.james@kofax.com Investor Contacts: Rebecca Mack Sr. Investor Relations Manager +1 949-783-1292 rebecca.mack@kofax.com FTI Consulting Sophie McMillan +44 (0) 20 7831 3113 kofax@fticonsulting.com KOFAX REPORTS FINANCIAL RESULTS FOR ITS FIRST QUARTER ENDED SEPTEMBER 30, 2012 Company Reaffirms Guidance for the Fiscal Year Irvine, CA, November 6, 2012 – Kofax plc (LSE: KFX), a leading provider of Capture Enabled BPM™ (business process management) solutions, today reported its unaudited financial results for the quarter ended September 30, 2012. First Quarter Financial Highlights: x Total revenues for the quarter grew 2.8% to $60.1 million (Prior Year: $58.5 million) but declined 0.8% in OCC x Software license revenues for the quarter decreased 8.8% to $22.1 million (Prior Year: $24.3 million) or -10.0% in organic constant currency (OCC) x Adjusted income from operations1 (Adjusted EBITDA) for the quarter was approximately equal to the Prior Year at $6.2 million, or a 10.3% margin (Prior Year: 10.7%) x Adjusted diluted EPS2 for the quarter was approximately equal to the Prior Year at $0.04 x Adjusted cash generated from operations for the quarter increased to $11.3 million (Prior Year: -$0.4 million) x Quarter end cash was $90.3 million (Prior Year: $92.5 million) First Quarter Operating Highlights: x Announced the availability of a free Kofax Mobile Capture app through the iTunes App Store and Google Play for demonstration and use with business cards, receipts and other documents x The Association for Information and Image Management (AIIM) published a report entitled “Distributed and Mobile Capture – Moving the Process Closer to the Customer,” which contained the results of a survey revealing that mobile capture is considered a Game Changer for customer focused initiatives
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