Tracsis tracking big contract win
Tracsis, which helps transport companies organise their schedules and count passengers, is lifting its revenue and profit guidance after a big contract win.
Tracsis, which helps transport companies organise their schedules and count passengers, is lifting its revenue and profit guidance after a big contract win.
The contract is worth £2.9m and has been agreed with an existing client.
Without disclosing figures Tracsis says key financial metrics will be ahead of analysts' expectations for the 12 months to the end of July.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Interim results will be published at the end of February.
Tracsis's Chief Executive, John McArthur, said he was "delighted" with the new order, as well he might be: the stock had jumped 9% by 11:16. Over the past 12 months Tracsis shares have risen 59%.
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published