Kofax dissapoints, issues profit-warning

Total revenue for the quarter ending December 31st declined by 9.0 per cent at Kofax, underpinned by lower than anticipated performance in licenses.

Total revenue for the quarter ending December 31st declined by 9.0 per cent at Kofax, underpinned by lower than anticipated performance in licenses.

The company, which provides smart process applications to businesses, reported that its total revenue had fallen to $63.7m from $70m in the corresponding quarter in 2011.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.