Swings and roundabouts (and a little fence-sitting) at Anite

It’s a case (as ever) of Wireless up and Travel down at software ‘business of two halves’, Anite. Wireless division orders, revenues and (adjusted) operating profits in Q3 (to 31^st Jan) were better than expected; Travel revs and profits were flat but the backlog is lower. And this is the crux of the matter. In order to secure FY numbers, Anite needs signatures on a few Travel contracts, though CEO Chris Humphrey believes Wireless should ‘reduce the risk around the full year outcome’.  You’d have to think that Anite’s Wireless business is ‘right time, right place’ – it’s a shame investors can’t place a bet on that alone.