Gentrack delivers on guidance but warns about customer caution

Wed, 28 Nov 2018

By Jenny Ruth Nov. 29 (BusinessDesk) - Gentrack says annual net profit climbed 17 percent while its underlying operating profit rose 30 percent, consistent with its market guidance. The provider of software to utilities reported a $13.9 million net profit for the year ended September, up from $11.8 million the previous year. That includes a $1.4 million revenue contribution from the Evolve Analytics business acquired in June, which also contributed $900,000 to total earnings before interest, tax, depreciation and amortisation of $31 mi...

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