K3 Business Technology Group plc provided earnings guidance for the year ending June 30, 2013. Against continuing weak market conditions in the retail sector, order intake within Microsoft UK business has improved significantly since January, with some major new retail order wins, which are expected to total over £10 million when fully delivered. These new wins include a number of high profile retail names and are for both the Microsoft AX and NAV solutions.

However continuing order deferrals combined with the phasing of the software element of these new wins mean that K3 will report revenue and pre-tax profits below current market forecasts.