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January 14, 2014
05:39 EDTKFXMajor global insurance organization investes $3.7M in Kofax solutions
Kofax announced that a leading international insurance organization has invested $3.7M in Kofax software to expand and enhance the way it is capturing and processing documents within its property and casualty business. The company is using Kofax Capture and Kofax Transformation Modules to automatically capture and extract data from more than 160 million pages of documents per year, Kofax Analytics for Capture to monitor and analyze the entire process and implementing Kofax Mobile Capture to enable customers to submit documents using smart phones and tablets. The $3.7M was composed of $3M of software licenses and $700K of maintenance, and the sale was closed and delivered during the quarter ended December 31, 2013.
News For KFX From The Last 14 Days
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January 20, 2015
08:07 EDTKFXGlobal transport agency invests $1.9M in Kofax software
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January 15, 2015
08:03 EDTKFXKofax announcse global partnership with Xerox
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January 12, 2015
16:35 EDTKFXKofax reports preliminary Q2 adjusted EBITDA $13.7M-$14.7M
Q2 EPS consensus 8c. Reports preliminary Q2 adjusted revenue $80M-$82M, consensus $80.67M. Commenting on the selected preliminary unaudited Non-GAAP financial results, Reynolds C. Bish, CEO, said: “We had a solid quarter in line with both our fiscal year 2015 guidance provided in October and – using the mid point of the ranges above – consensus analyst expectations for the quarter despite unexpected and significant unfavorable exchange rate movements during this period. Given the large amount of our software license revenue and total revenues arising in Euros, British Pounds, Swiss Francs and other currencies that have weakened against the U.S. dollar, this effect was substantial. On a constant currency basis – using exchange rate levels in the prior year period – software license revenue would have been approximately $1.1 million and total revenues $2.7 million higher. The effect on Adjusted EBITDA was less negative as a result of the global nature and distribution of our employees and expenses.” Bish continued: “During the quarter we experienced strong growth in new or acquired products software license revenue and improved core capture software license revenue. We also saw a considerable year over year increase in the number of six figure software license revenue transactions, and new quota bearing sales reps continuing their ramp to productivity as we would expect.”

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