Boston, MA 10/09/2014 (wallstreetpr) – Kofax Ltd (NASDAQ:KFX) has announced preliminary unaudited financial earnings for the first quarter of 2015. The company’s first quarter total revenues were lower than expected and the company now expects to achieve between $68 million and $70 million in revenues on non-GAAP basis. While, adjusted earnings is expected to be in $3.5-$4.5 million range. Kofax anticipates the quarter end cash to be $57.5-$58.5 million, after having paid $31.2 million for the Softpro GmbH acquisition. Mobile and new or acquired products software licence revenue were up by over 80 percent yoy and accounted for about 35 percent of total software licence revenue during the quarter ended September 30.
E2open Inc (NASDAQ:EOPN) announced financial results for the second quarter of 2015. For the quarter ended August 31, total non-GAAP revenue increased 12 percent to reach $20.8 million. The company posted GAAP net loss for the quarter was $9.3 million, or $0.11 earnings per share. The company’s total cash and investments at the end of the quarter decreased $25.8 million to reach $36.1 million, owing primarily to the Serus acquisition. In its guidance for the third quarter, E2open expects non-GAAP revenue to be in the range of $83-$85.5 million and non-GAAP loss between $18.4 million and $17.4 million, or $0.61-$0.58 loss per share.
Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has announced the acquisition of a Big data company Evolv Inc. for about $43 million. In an all-cash deal, the cloud-based software provider for businesses Cornerstone OnDemand said the acquisition will help expand its big data analytics, allowing employers to make better decisions. San Francisco-headquartered Evolv uses internal and external data to help companies evaluate skills, work experiences and personalities of employees and job candidates. The company’s online talent management suite has over 15 million users, in 191 countries. The deal is expected to close within 30 days.