Trintech posts 30% jump in full-year revenue

Payment software company Trintech today reported a 30 per cent jump in full-year revenue on the back of strong sales.

Payment software company Trintech today reported a 30 per cent jump in full-year revenue on the back of strong sales.

The company posted fourth quarter revenues of $15.1 million with a full-year revenue figure of $55.8 million.

Trintech also announced profits of $1.2 million for the fourth quarter and profits of $2 million for the full fiscal year.

Chairman and chief executive officer Mr Cyril McGuire said: "Trintech's performance in Q4 and fiscal 2005 has been very solid with strong revenue and record profit growth."

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He said: "Our business continues to strengthen in our core markets of Funds Management and Reconciliation solutions with Chip and PIN solutions contributing strongly to the underlying growth."

"These results, along with our focused product set and global customer base, demonstrate the robustness of our business model which will position the company to deliver continued profitable growth and shareholder value," he added.