Gentrack expects better 2nd half after 1H loss

Gentrack expects better 2nd half after 1H loss
Dan Brunskill
Gentrack said the coronavirus crisis is starting to bite its airport and utility customers but it still expects a better second half. The utility-software company today reported a 7 percent revenue decline to $50.6 million for the six months ended March 31. Gentrack said this was due to losing some UK customers as several energy-utility companies collapsed or consolidated. The company, which said covid-19 had little impact on its first-half results, posted a net loss of $12.8 million after impairing $10.7 million of goodwill in Blip and $...

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