Tracsis drives ahead with update

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Tracsis drives ahead with update
Master Investor Magazine

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Traffic data and transportation software provider Tracsis (LON:TRCS) has seen its shares climb by 3.28% to 659.94p (as of 15:10 GMT) after it said that revenues, EBITDA, and adjusted profits for the current financial year would be ahead of the last. Trading has been busy throughout the six months ended 31st December and the firm signed a new five year deal with a major train owning company before the end of the period.

Management said the benefits of that deal as well as those of the recent acquisitions of Compass Informatics and Cash and Traffic Management would be revenue accretive from the second half of this year onwards. The group is continuing to invest in its technology towards developing the next generation of planning software and believes that its acquisitions pipeline remains strong.

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