Gentrack wins big utilities contract

Company News


Gentrack Groups Limited (ASX:GTK, NZX:GTK) says it has signed a big contract with an Australian utility provider.
 
The deal is to upgrade its Velocity software to the latest in billing and CRM solutions to support the utilities electricity, gas and water utility products by the end of 2017.
 
The deal follows another contract with a UK water utility firm signed last month.
 
The dual-listed specialist software developer also updated guidance now saying it expects EBITDA to fall between the range of NZ$13 million to NZ$15.5 million.
 
Gentrack reported a net profit of $3.09 million for the six months to the end of March 2015.

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