Reckon Ltd T.RKN

Primary Symbol: RKNLF

Technology Software - Application

Reckon Limited is an Australia-based software company that provides software for accountants, bookkeepers, lawyers, small and medium enterprises (SMEs) and personal users. The Company’s divisions include Business Group and Legal Practice Management Group. Business Group provides accounting and payroll software for small to larger sized businesses and personal wealth management software branded as Reckon One, Reckon Mobile and Reckon Accounts Hosted (cloud products), Reckon Accounts Business and Reckon Accounts Personal respectively. The divisions operate predominantly in Australia and New Zealand. Legal Practice Management Group provides practice management software and workflow solutions to legal firms for document scanning and routing, print management and cost recovery solutions under the nQZebraworks brand, with a focus on releasing new cloud practice management products. It operates predominantly in the United States and United Kingdom, with re-sellers in other parts of the world.

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Reckon Ltd > RKN sticking to guidance $170-$180 Million $15-$20 Profit !!

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Post by 1hot-techwomanon Dec 12, 2016 10:59pm

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Post# 25589741

RKN sticking to guidance $170-$180 Million $15-$20 Profit !!

While we expect the challenging macro environment to continue to impact our revenue, our restructuring initiatives and ongoing cost management efforts are expected to result in significantly improved profitability next year. Supported by the stability of the $80 million investment to be provided pursuant to our agreement with Constellation Software, we are reiterating our guidance of $15 million to $20 million of Adjusted EBITDA on $170 to $180 million of revenue."

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