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Gentrack’s confidence grows thanks to Genesis and Saudi contracts

‘You hunt today so you can eat tomorrow – that’s the right decision for creating long-term value,’ CEO of software provider to utilities and airport companies says.

Gentrack CEO Gary Miles, right, and chief operating officer Zeev Berkowitz.

Will Mace Tue, 28 Nov 2023
Key points
  • Revenue: Up 34.5% to $169.9 million.
  • Profit: Up to $10m from a $3.3m loss.
  • Main takeaway: Dual-listed software provider ups revenue guidance after key contract wins.

Gentrack has upgraded its revenue guidance for the year ahead off the back of confidence-boosting contract wins including with Genesis Energy and Mercury in New Zealand as well as a Saudi Arabia utilities company.

The NZX and ASX-listed software provider for utilities and airport companies posted a

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Key points
  • Revenue: Up 34.5% to $169.9 million.
  • Profit: Up to $10m from a $3.3m loss.
  • Main takeaway: Dual-listed software provider ups revenue guidance after key contract wins.
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Gentrack’s confidence grows thanks to Genesis and Saudi contracts
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