The Gentrack Group Ltd (ASX: GTK) share price is now up 87% over the past year after the software business recently posted some strong revenue and profit growth for the six-month period ending March 31 2017.
For the period the New Zealand-based company delivered a net profit of NZ$5.6 million on revenues of NZ$28.9 million, with the revenue and profit up 46% and 24% respectively over the prior corresponding half year.
The company sells billing and customer management software to utilities companies or airports and has been growing through a mix of acquisitions and organic client wins.
As a consequence it its forecasting EBITDA (operating income) growth of around 20% (excluding one off acquisition costs) over its financial year 2017.
According to Commsec the firm's market value is now around $400 million and it has a prototype to emulate in the $700 million software business Hansen Technologies Limited (ASX: HSN).
