Releases

posted on 13 May 2008 08:48

Basingstoke, UK, 13 May 2008 – Kofax plc (KFX), the leading provider of Intelligent Capture & Exchange solutions, releases its Interim Management Statement for the period from 1 January to 31 March 2008.

Kofax’s financial year has continued positively with revenue and adjusted operating profit in line with the Board’s expectations. There have been no significant changes in the Company’s financial position since the publication of its half yearly financial report for the six months ended 31 December 2007 and its balance sheet remains strong.

Reynolds C. Bish, Chief Executive Officer of Kofax plc, commented:

"I’m pleased to report that the Company has continued to make good progress in restructuring and has performed as expected. I and the Board remain confident that Kofax will achieve 10% revenue growth in constant currency terms in our software business this fiscal year, with a higher than expected contribution from software services offsetting lower growth in software licenses. Despite an uncertain economic outlook we believe Kofax is well positioned and remain confident in its growth prospects, and we continue to target double digit revenue growth in our software business in future years."

The Preliminary Results for the fiscal year ending 30 June 2008 will be announced in early September 2008.

^{[Formatted by Majid Soltani.]}