Jan 21st 2013 - Edison Investment Research today published a report on K3 Business Technology (KBT.L, LSE:KBT, LON:KBT) entitled "Retail Contracts Deferred". In summary, the report says:
The depressed retail environment in the UK and the Netherlands has made it tough for K3 to close the retail deals required to meet FY13 forecasts. The company notes that its other business lines are performing well. K3 continues to invest in its AX for Retail solution, which should generate returns in the longer term, but based on the short-term outlook, we have reduced our revenue and EPS forecasts for FY13 and FY14. On our revised numbers, the stock trades at a large discount to the sector.
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