Company Profile For Kofax PLC

Kofax PLC is engaged in the development and marketing of document-driven business process automation solutions and services. The Company derives its revenue from the sale of software licences, software maintenance and fees derived from installation, consultancy and training services, and from the sale of hardware products and related services. It has two segments: software, which comprises the Company's capture and exchange software automates business processes and improves business performance by capturing and transforming documents into digital formats and delivering them into business applications and archives, and hardware, which resells scanning and storage products to resellers. This business is only conducted in Europe, Middle East and Africa. The hardware segment includes revenue from the resale of hardware products and hardware-related maintenance services. In September 2009, it acquired 170 Systems, Inc., and in October 2009, it acquired OptiInvoice Digital Technology AB.

BRIEF: For the six months ended 31 December 2008, Kofax PLC's revenues increased 9% to £89.7M. Net income decreased 5% to £3.9M. Revenues reflect increased sales from the America and EMEA geographic segments. Net income was partially offset by an increase in cost of sales, higher operating expenses, decreased finance income, increase Amortisation of acquired intangible assets and an increase in share based payment expense.