Shares in Tracsis (TRCS) motored up 9 per cent upon the release of these excellent interim results. The transport-focused software, technology and consultancy group fired on virtually all cylinders in the six months to 31 January, with three of its four business divisions showing double-digit revenue growth. The other division, condition monitoring, which involves real-time reporting on critical infrastructure assets, saw a slight decline, but should return to decent year-on-year growth in the second half thanks to a major £2.2m order signed in January.
Tracsis’s data-capture and passenger-counting division was undoubtedly the star performer: revenues climbed ten-fold to £5.4m following the £3.3m acquisition of Sky High early last year. Consultancy revenues also leapt 29 per cent to £0.9m, helped by a busy UK rail refranchising programme.