- K3 Business Technology Group's trading since the start of its new financial year to date is in line with management expectations, with December, an important trading month, progressing well, shareholders at the annual geneal meeting today will be told.

Chairman Lars-Olof Norell will say: "We continue to make good progress in transitioning K3 into a software vendor with product suites that contain increasing levels of our intellectual property. It is significant that the Group secured its first orders through global systems integrators for our ax l is fashion solution in the period. These wins continue to demonstrate the product's global potential. The expansion of sales through the channel partner network remains a key focus for K3 alongside direct sales.

"Sales across all our key products are encouraging, and we continue to see growing demand for our cloud hosting. As previously reported, K3 expects subscription models to become increasingly adopted as the industry moves towards consumption-based licensing and away from traditional perpetual licensing."

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