Minute to midnight upgrade pushes Hansen higher

Earnings expectations for the reporting season are set low, but Hanson Technologies has bucked the trend with a profit upgrade this morning.

The billing and customer care software supplier says earnings before interest, tax, depreciation and amortisation (EBITDA) for 2012-13 will come in at $15.7 million, or 8.3% above its earlier guidance; while sales is tipped to hit $63.8 million, or 2.9% ahead of company expectations.

The stock rallied 4.2% in morning trade to $1 as the new guidance is also ahead of what analysts were expecting.

Management credits better than expected contributions from two recent acquisitions and the benefit the drop in the Australian dollar is having on translated offshore revenues for the profit upgrade.

Hansen is part of the Uncapped 100 and will post its full year report card on 26 August.