Hansen boosts sales

The company's stock surged amid an uplift in sales and an upbeat outlook, in part due to its recent acquisition of Utilisoft.

Hansen Technologies (HSN) rallied to a 13-year high in late morning trade as business rebounded in the second half and pushed up total annual sales by 13 with management promising an even bigger increase for the current financial year.

The billing and customer management software provider announced sales of $63.8 million for the year ended June 30, although earnings before interest, tax, depreciation and amortisation (EBITDA) fell 18.2% to $15.7 million.

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