Sales at Tracsis soar past £20m for first time
TRANSPORT data software company Tracsis has seen its revenues soar by 106% to £22.6m over the past year as a direct result of continuing favourable industry conditions.
This is the first time that the Leeds-based company’s turnover has broken the £20m barrier.
In the year to the end of July, its profits before tax also increased 62% to £4.2m from £2.6m in 2013.
It has increased its full year dividend per share to 0.8p from 0.7p last time.
Tracsis provides its clients with “better visibility and information” to assist in “front line decision making” whilst driving efficiency and productivity.
The directors believe that the transport industry – and in particular rail which forms a key part of the group’s business – is well positioned for further growth and the company “should be able to capitalise on this with its product and service offerings”.
Over the past year, the company has also bought rail software company Datasys Integration and extended an ongoing North American pilot which is already indicating “significant long term market opportunities”.
Tracsis’ chief executive John McArthur, hailed a year of “buoyant trading across all divisions set against a background of favourable industry drivers”.
He 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.”
