Tracsis upgrades guidance after winning rail software contract

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Transport sector software provider Tracsis upgraded its earnings guidance after it won a 'significant' contract in the UK for its rail product suite.

The company said the contract, as well as a post-Covid recovery in demand, meant it was now expecting full-year operating earnings to 'exceed market expectations'.

Tracsis said the contract would double the user base of its RailHub offering user base to over 30,000 individual.

'This is one of the large rail opportunities that we highlighted in our interim results announcement that was in the final stages of contract award,' it added.