Lukewarm market reaction to Reckon results
Software firm Reckon expects to grow revenue by at least 6 per cent in the coming year to more than $100 million even as it competes against heavyweights MYOB and Xero for business and personal accounting customers.
CEO Clive Rabie expects growth across Reckon's three main markets, ranging from "5 per cent growth" in the $35.6 million accounting and personal finance software business, "6 or 7 per cent" growth in the $46.8 million practice management software business and "10, 12, 13 per cent" growth in the $14.8 million document management business.
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