Tracsis jumps after impressive year-on-year growth

Tech group Tracsis managed to more than double both revenues and profits in the year to July 31st, causing the shares to jump on Wednesday.

Tech group Tracsis managed to more than double both revenues and profits in the year to July 31st, causing the shares to jump on Wednesday.

The company, which specialises in resource optimisation software, condition monitoring technology, and consultancy services to passenger transport industries, saw revenues increase 112% from £4.1m to £8.7m during the period, while pre-tax profit surged 169% from £1.1m to £3.0m.

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