Tracsis (TRCS)

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FTSE AIM 100

 588.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 830.00
  • 52 Week Low: 455.00
  • Currency: UK Pounds
  • Shares Issued: 29.14m
  • Volume: 499
  • Market Cap: £171.34m

Tracsis wins 'significant' multi-million pound contract

By Michele Maatouk

Date: Wednesday 19 Jul 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed software and services provider Tracsis has been awarded a "significant" multi-million pound contract for the provision of its key software planning products with "a major" UK rail operator.
The contract, which includes the renewal of some existing systems already licenced by the customer, will be delivered over four years. Tracsis said that while it is significant for the company and helps to underpin its confidence for the future, the contract will not have a financial impact in the current financial year.

The award follows a comprehensive procurement process during which Tracsis was able to successfully demonstrate the functionality and value of existing software products and new innovations. Assuming the contract is fulfilled on time and to the customer's satisfaction, there should be a high degree of recurring revenue beyond the four-year period.

Tracsis said the size and materiality of the contract represents a step change in its ability to tender for and win major technology projects and should pave the way for similar sales in the future with other transport operators both within the UK and abroad.

Chief executive officer John McArthur said: "We are absolutely delighted to have secured this major contract with a long standing rail customer and look forward to delivering this project in the coming months. The size and scale of the project is significant for Tracsis and represents the wholescale change that UK transport is going through in adapting to the growing operational demands placed upon the network. This win is testament to our team and our product suite and we believe successful delivery of this project will lead to our Enterprise systems being adopted elsewhere in the fullness of time. "

At 1000 BST, the shares were up 16% to 402.73p.

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Tracsis Market Data

Currency UK Pounds
Share Price 588.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 830.00
52 Week Low 455.00
Volume 499
Shares Issued 29.14m
Market Cap £171.34m

Tracsis Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.23% below the market average85.23% below the market average85.23% below the market average85.23% below the market average85.23% below the market average
76.36% below the sector average76.36% below the sector average76.36% below the sector average76.36% below the sector average76.36% below the sector average
Price Trend
4.14% above the market average4.14% above the market average4.14% above the market average4.14% above the market average4.14% above the market average
7.83% above the sector average7.83% above the sector average7.83% above the sector average7.83% above the sector average7.83% above the sector average
Income
7.20% above the market average7.20% above the market average7.20% above the market average7.20% above the market average7.20% above the market average
13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average13.51% above the sector average
Growth
65.98% above the market average65.98% above the market average65.98% above the market average65.98% above the market average65.98% above the market average
70.37% above the sector average70.37% above the sector average70.37% above the sector average70.37% above the sector average70.37% above the sector average

Tracsis Dividends

  Latest Previous
  Final Interim
Ex-Div 30-Jan-20 25-Apr-19
Paid 14-Feb-20 03-May-19
Amount 1.00p 0.80p

Trades for 28-Sep-2020

Time Volume / Share Price
10:03 300 @ 590.00p
08:31 199 @ 580.80p

Tracsis Key Personnel

CFO Max Cawthra
CEO Christopher Matthew Barnes

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