Posted at 12:52h
in Electronic Invoicing
The headline interpretation of the impressive results reported by Kofax yesterday is likely to be the impact on their margin that the disposal of the hardware business will have. And it's true, the relatively high margins in the software business were in the shadow of the less profitable hardware side of the operation so an increase in target margin from 15% to 20% makes sense. But there's something else in the air and Kofax as well as number of others know it. There are other reasons why they can be optimistic about the future.