Rising passenger volumes and tight budgets have forced transportation operators to cut costs, increase efficiency and strengthen safety measures. Growing numbers rely on software and services from Tracsis (TRCS) to monitor and optimise their operations. That propelled the traffic data and rail technology group's adjusted cash profits up 4 per cent to £3.5m in the reported period.
New products such as Bugle Day One - which provides operators with real-time details about delays on the track - fuelled a 9 per cent increase in software revenues. Consultancy sales also rose strongly, reflecting work with bidders for the East Anglia franchise. The upshot was higher turnover in the rail business. It also secured a second US partner to help drum up demand for remote monitoring technology among major freight railroads and passenger transit operators across the pond.