LONDON (dpa-AFX) - Kofax Plc (KFX.L), a provider of capture enabled business process management solutions, on Wednesday reaffirmed its fiscal year outlook, after reporting a modest rise in third-quarter revenues.
Total revenues for the third quarter grew 4.5 percent to $58.7 million from $56.2 million, but declined 5.8 percent in organic constant currency.
Software license revenues declined 15.3 percent to $21.9 million from $25.9 million. The company realized lower than expected software license revenues during the quarter in its core capture software business due to unusual number of delayed orders.
Adjusted EBITA declined 43.9 percent to $3.0 million from $5.3 million.
Based on its fiscal year to date results and outlook for the quarter ending June 30, for fiscal year 2012 Kofax continues to expect high single digit total revenue growth on an as reported basis and an adjusted EBITA of at least the $40.2 million reported in fiscal year 2011.
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