Gentrack's 'significant progress' towards new contracts

29 Jun 2018 3:59 PM | Conrado Langer (Administrator)

Gentrack Group, an Auckland-based software developer for utilities and airports, said it has made “significant progress towards several new customer wins” in the US and Australia that will contribute to its fiscal 2019 results.

These are not expected to have a material impact on its fiscal 2018 earnings, with the company forecasting earnings before interest, tax, depreciation and amortisation of between $30 million and $32 million, though “they will contribute to FY19 results and position Gentrack well for further wins in the US airport and Australian utility markets,” the company said in a statement.

Source:  Scoop