Rail optimisation software and services provider Tracsis (LON: TRCS) is on track for another good year, but it will be significantly second half weighted. The latest financial year’s figures were in line with expectations with a substantial opportunity becoming obvious in North America.
In the year to June 2023, revenues improved from £68.7m to £82m, while underlying pre-tax profit rose from £12.3m to £13.7m. Both the rail technology and the data and analytics divisions grew organically.
The business continues to be highly cash generative. Net cash was £15.3m at the end of June 2023. Th...
