K3 growth will be ‘fuelled by investment’
BUSINESS software provider K3 Business Technology expects to see a return on investment next year.
In a statement issued ahead of its annual general meeting, the Salford group said product development during 2012 should “benefit growth prospects in 2013”.
Chairman, Tom Milne said: “The board remains confident that these investments will benefit growth prospects in 2013. The short term trading environment remains tough with customers continuing to defer spending decisions.
“Against this, our pipeline is strong, with a number of key deals whose successful closure will help to realise market expectations for the year.”
In September the group unveiled full-year sales of £68m, up 28% from £52.8m. However £11.8m of that growth came from acquisitions. Pre-tax profits were up 22% to £6m.
