Gentrack full-year revenue misses prospectus forecast, while jump in profit exceeds target

Wed, 25 Nov 2015

By Fiona Rotherham Nov. 26 (BusinessDesk) - Gentrack Group, which develops utilities, airports, and water companies software, reported full-year results that were largely in line with its 2014 prospectus although revenue was below forecast. Revenue grew 9.2 percent for the year ended Sept. 30 to $42.1 million, although project delays and delivery challenges meant it was $2.6 million below prospectus forecast. Net profit jumped to $9.4 million, slightly above the forecast because of foreign exchange gains and lower tax, from $3.4 million a...

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