IkeGPS first half revenue rises 26%

IkeGPS first half revenue rises 26%
Gavin Evans
By Gavin Evans Oct. 31 (BusinessDesk) - Utilities measurement specialist IkeGPS said first-half revenue rose 26 percent, buoyed by good North American demand for its new Ike Analyse product. Revenue for the six months through September rose to about $4.4 million, from $3.5 million a year earlier. September quarter revenue climbed to $2.5 million from about $1.9 million three months earlier, the company said. Gross margin for the half-year almost doubled to $2.9 million. The Wellington-based company utilises GPS technology in its sof...