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ANITE PLC (AIE)

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Anite signs contract with Thomas Cook, raises profit outlook

03/26/2012 | 04:35am US/Eastern

(Reuters) - Anite Plc (>> Anite plc) said it had signed a multi-year contract with leisure travel company Thomas Cook Group UK Ltd (>> Thomas Cook Group plc), sending the software firm's shares up about 11 percent.

(Reuters) - Anite Plc (>> Anite plc) said it had signed a multi-year contract with leisure travel company Thomas Cook Group UK Ltd (>> Thomas Cook Group plc), sending the software firm's shares up about 11 percent.

Anite, which provides reservation and e-commerce services to the leisure travel industry, said its @com reservation system would support Thomas Cook's UK mainstream unit.

Anite's travel division's order backlog on April 30 was expected to be in excess of 85 million pounds ($134.84 million) compared with 69.7 million pounds in October 31, 2011, according to the company.

Anite said it expected overall group profit for the financial year to be in the top end of the range of market expectations given the progress at its travel division.

Top end estimate for adjusted profit before tax is 26.1 million pounds, the company said.

Shares of the company, which also makes testing systems for wireless firms, were up over 11 percent at 131.5 pence at 0920 GMT on the London Stock Exchange.

($1 = 0.6304 British pounds)

(Reporting by Karen Rebelo in Bangalore; Editing by Don Sebastian)

Stocks treated in this article : Anite plc, Thomas Cook Group plc
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