Tracsis (GB:TRCS) has released an update.
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Tracsis PLC, a leading transport technology provider, reported a slight decline in revenue and a significant drop in profits for the year ending July 2024, despite a 10% growth in recurring revenues from its Rail Technology & Services division. The company is focusing on expanding its software opportunities and has made strategic transformations to prepare for long-term growth, particularly in the UK and North American markets. With a strong balance sheet and ongoing investments in its capabilities, Tracsis remains optimistic about future growth prospects despite current market challenges.
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