The good and the puzzling!
Results and updates from AIM listed software companies covered here extend from the excellent to the terrible. However, the common factor from our perspective, is that it’s hard to fully understand exactly what the companies various software offerings actually do. Read on here for the good and the puzzling.
Tracsis: looking good and upgrades Tracsis (AIM:TRCS), the provider of software, hardware, data analytics and services for the rail, traffic data and wider transport industries, confirmed 37% growth in revenue to c.£69.0m, for its financial year ending July 2022, reflecting strong organic and acquisitive growth. Adjusted EBITDA is anticipated to be ahead of market expectations, but we wouldn’t read too much into this given the ambiguity of adjustments. At the divisional level: The Rail Technology and Services Division has continued to trade well. The Division benefits from high levels of recurring software revenue, a fast-growing user base, and has a…