Sep 19th 2013 - Edison Investment Research today published a report on K3 Business Technology (KBT.L, LSE:KBT, LON:KBT) entitled "Turning A Corner". In summary, the report says:
As flagged in the recent trading update, FY13 results were negatively affected by the combination of weak retail markets in the UK and Holland, and increased investment in developing K3’s AX for Retail solution. Recent order intake for both NAV and AX solutions points to a recovery in the Microsoft UK business, while the other business lines look set for a steady performance in FY14. Trading at a discount to peers, we see scope for upside as evidence of sustained revenue and margin recovery emerges.
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