LONDON (ShareCast) - (Sharecast News) - Software and services firm Tracsis reported some strong trading from its last financial year on Tuesday.
Tracsis told investors it had seen revenues for the year ended 31 July come in ahead of market expectations at roughly £40m, a 16% improvement year-on-year, as positive momentum was experienced throughout all parts of the group.

In its year-end trading update, Tracsis also advised that EBITDA and adjusted profits were expected to top market expectations and 2017's figures.

Trascis said it was "pleased with the continued growth and progress" made during the year - including the acquisition of Travel Compensation Services, the ongoing delivery of a major software implementation at an unnamed British train operator and the solid trading within its MPEC and Ontrac subsidiaries.

"The group remains well positioned for further growth as we enter the new financial year, with a good pipeline of organic sales opportunities, M&A prospects and positive industry growth drivers," Tracsis said.

Tracsis intends to publish its fully audited results in November.

As of 1100 BST, Tracsis shares had shot up 6.32% to 673p.

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