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LONDON (Alliance News) - Tracsis PLC said Monday it expects to see revenue and profit "significantly" ahead of market expectations for the year ending July 31, buoyed by high levels of investment in UK rail services.
The company, which provides software and technology for the transportation industry, expects to post full-year revenue of over GBP20 million.
The integration of rail-management software firm Datasys Ltd, which it acquired in May for GBP4.5 million, is proceeding to plan, Tracsis said.
"We believe public transport, particularly rail, is set for further significant growth in order to meet the capacity and performance challenges that will be placed on it in the years ahead," said Chief Executive John McArthur in a statement.
Shares in Tracsis were trading up 11% at 360.00 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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