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Gentrack result hit by acquisition writedown

Shift to SaaS model impacts top-line revenue.

Gentrack has dropped into the red, with an $8.7m loss, after the $14.6m writedown of its 2017 acquisition CA Plus.

It was not all bad news as the software provider lifted revenue by 5% and the company reported a promising start to its new brand of airport management software.

The lion's share

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Sanjay Prakash Fri, 24 May 2019
Contact the Writer: Sanjay@nbr.co.nz
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Gentrack result hit by acquisition writedown
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