Rail consultancy Tracsis steams ahead

The Leeds-based group said that results for the year ending July 31 are expected to “significantly exceed current market expectations”.

The directors believe that year-end revenues will be more than £8.5m, with adjusted earnings before interest, tax, depreciation and amortisation expected to be in excess of £3m.

The group attributed the surge to continued strong market demand for its products and services.

John McArthur, chief executive, said: “We are delighted with the company’s continued performance, achieving significant growth and at the same time delivering on several key product, customer and plc milestones.

“We continue to solve problems that make a real difference to our customers - removing extraneous costs whilst at the same time improving performance.

“We are seeing our target markets respond in a very positive way to our efforts and what our broader product offering can provide.”

The group expects that the current market forecast for 2013 will be revised upwards.

Tracsis has grown steadily since it was spun out of the University of Leeds’ School of Computing in 2004.

It develops and licences software to help rail operators increase efficiency, such as better rostering of staff.

It also has remote trackside monitoring equipment which provides real-time information to operators and maintenance crews, alerting them to problems on the tracks.