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September 6, 2010

Kofax Q4 revenue up15 % to $342.4m

Software license revenue grew 22% to $87.2m

By CBR Staff Writer

Kofax, a provider of document driven business process automation offerings, has reported revenue of $342.4m for the fourth quarter of fiscal 2010, an increase of 15% compared to revenue of $298.2m in Q4 fiscal year 2009.

Revenue from software license grew 22% to $87.2m, compared to $71.4m for the same period a year ago.

Software services revenue increased to $104.1m from $76.1m and revenue from OEM/POS increased to $25m from $22m of the same period last year.

While revenue from hardware distribution decreased to $91m, compared to $93m and revenue from hardware services decreased to $35.8m from $36.2m of the same period a year ago.

For the fourth quarter ended June 30, 2010, the company posted an operating income of $15.1m, an increase of 32.4% compared to an operating income of $11.4m for the same period last year.

Kofax posted net income of $7.6m, a fall of 7.3% compared to net income of $8.2m in the fourth quarter of 2009.

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