Tracsis delivers profits increase

TRACSIS, which provides software for the transport industry, has seen its full year profits rise as it moves into overseas markets.

In the year ended July 31, the company’s revenues increased 106 per cent to £22.4m, while profit before tax increased 62 per cent to £4.2m.

Over the year, Leeds-based Tracsis established a North American pilot which has been extended. The company said that “all indications point to a significant long term market opportunity”.

Hide Ad
Hide Ad

John McArthur, the company’s chief executive, said: “Tracsis has delivered another excellent year of growth across all areas of our business whilst at the same time expanding our geographic footprint to new overseas markets and completing our sixth acquisition since IPO.

“We continue to benefit from transport markets that are experiencing record levels of government spending, steadily rising passenger numbers and regulatory change. This environment provides for good growth opportunities as we look to help solve the transportation problems of tomorrow.

“In the year ahead, we intend to make further in-roads into overseas markets, most notably the US, whilst continuing to diversify our technology portfolio and UK offering through a combination of in-house development and further well placed acquisitions.”

Related topics: