Tracsis sees revenues rise

Transport software firm Tracsis reported an increase in revenues but profit remained flat in the six months to January 31 at the Leeds-based company.
By The Newsroom
Published 23rd Mar 2016, 09:41 BST
Updated 23rd Mar 2016, 09:42 BST
John McArthur the chief executive of Tracsis based in Leeds. Credit: VisMediaJohn McArthur the chief executive of Tracsis based in Leeds. Credit: VisMedia
John McArthur the chief executive of Tracsis based in Leeds. Credit: VisMedia

The provider of software and technology led products and services for the traffic data and transportation industry said revenues increased by 19 per cent to £14.3m from £12m in the same period last year.

Adjusted EBITDA from continuing operations increased 4 per cent to £3.5m while adjusted pre-tax profit from continuing operations remained at £3.2m, the same as last year.

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The Leeds-based firm said it was on track to deliver full year earnings in line with expectations.

The group made a strategic investment in mobile analytics firm Citi Logik and acquired event traffic management specialists SEP in September 2015.

John McArthur, CEO of Tracisis, said: “We have delivered another positive trading period for Tracsis which included our most active transactional period to date with the acquisitions of SEP and Ontrac and our strategic investment in Citi Logik.

“Following new product initiatives coupled with the acquisitions made, our technology and service offerings have been significantly broadened and we look forward to seeing the benefit of this in the second half of the financial year and beyond.

“Given the continued strength of our balance sheet and operating in core markets that continue to grow, we remain well positioned to deliver full year results in line with market expectations.”

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