Shares in rail resource optimisation software provider Tracsis rose 18% to 106p a share on news of a further profit upgrade for the current financial year and the potential for an upgrade for 2012-13.
Demand for the company’s software remains strong. Tracsis has already upgraded expectations a number of times this year. Revenues will be more than £8.5m in the year to July 2012 and EBITDA will be in excess of £3m. There is little in the way of depreciation and there should be a small interest income figure so excluding amortisation the pre-tax profit should not be much lower.
Revenues will be more than double last year’s level of £4.08m, but the later period will include a full 12 months of data logging equipment supplier MPEC Technology. EBITDA was £1.24m in 2010-11.
Tracsis is confident that it will be able to provide further guidance after completing its budgeting for next year and this will lead to a profit upgrade for 2012-13.
Tracsis is valued at £26.1m.
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