Tracsis posts “positive” half year results

Tracsis, the Derby-based software firm that services the transport industry has posted “positive” interim results for the six months ending 31st January.

Revenues at the firm increased by 19 per cent from £12m in 2015 to £14.3m this year. Profits stayed at £3.2m, but these were affected by the investment into mobile analytics firm Citi Logik and the acquisitions of event traffic management specialists SEP and software development and hosting business Ontrac in September 2015.

John McArthur, CEO, 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.”