LONDON (ShareCast) - K3 gained Monday after the group which provides IT services for retailers and manufacturers said operating profit before goodwill amortisation is expected to be at the upper end of market estimates.
The company said overall results for the year to 31 December 2007 are expected to be in line with current market expectations.
It added that the Retail Software division has seen a steady improvement in margins which it expects to continue into 2008, while the Manufacturing Software unit recorded a steady increase in average order values following the acquisition of McGuffie Brunton in March.
“The sales pipelines across both divisions remain strong and we look forward to 2008 with confidence,” said the company.