The Black Ink survey of small to medium accounting and legal practices has revealed a stagnation of business growth amongst SMEs, with only 3.8% of respondents saying their clients’ had experienced business growth during the preceding three months, down from 45.1% in June 2010.

Australia has made a strong contribution to record 17% Asia-Pacific revenue growth for Kofax, however reduced global software sales in the second half of 2011 caused a sharp drop in the company's share price after it announced its annual results.