Sunday, July 12, 2020

Revenues rise for Leeds transport software specialist

Tracsis, the Leeds-based transport software specialists, has reported a boost in revenue as it posts another period of strong trading.

Audited results for the year ended 31 July show a 24% rise in revenue from £39.8 million to £49.2 million, with cash balances rising from £22.3 million for the same period last year to £24.1 million.

The company added that it has high levels of recurring revenue across all of our software products.

During the trading period, Chris Barnes succeeded John McArthur as Group CEO.

“In my first report as the new CEO, I am delighted to present these results which show good growth for the Tracsis Group compared to the previous year,” he said.

“The results reflect the impact of the acquisitions that we have completed in the period along with strong organic growth, something which is a key focus as we look to increase collaboration and expand our product offerings across the Group.

“The acquisitions we have completed in the year will have a full impact in the next year, and combined with the strong pipeline of organic sales opportunities provide a good platform for future growth of the business in the years to come.

“I have inherited a great business, with a wide range of compelling product and service offerings, a great team of colleagues, an excellent blue-chip client base, and I am excited about the prospects for the Group.”

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