StockMarketWire.com - Business software supplier K3 said it expected full-results would be more second-half weighted than usual as a 'high proportion' of contracts that were expected to close in final quarter of the year.

'The strong weighting towards the second half of the financial year reflects the high proportion of software licence and maintenance contract renewals that fall in the final quarter, but also Brexit-related disruption,' the company said.

But the company said that towards the end of first-half, a number of major deals were closed, with the ongoing pipeline looking 'very healthy.'

'Three new customers were signed for 'K3 I fashion', including Regatta, the outdoor clothing brand, plus two existing customers significantly ramped-up software licence orders. Significantly, four of the new orders were secured through channel partners,' it added.

Half year results were expected to be reported on 9 July together with a further update on trading.


At 8:25am: [LON:KBT] K3 Business Technology Group PLC share price was -7p at 213p



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