Kofax shares slide after results

Software provider Kofax has seen revenues grow 12 per cent to $243.9m (£150m) in the year to the end of June as market share grew and companies relied on its maintenance services. But the company’s shares took a nosedive, falling 17 per cent to top the FTSE losers yesterday, as it warned that revenue growth had slowed in the second half of the year.