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Quartix Technologies: positive trading update

Vehicle telematics group Quartix Technologies (LON :QTX) has announced that the rate of year-on-year growth in both annualised recurring revenue and unit installs continued to be strong in the third quarter, with this trend also expected to continue in the last quarter of the year.

The annualised recurring revenue of the fleet subscription base was £26.9m on 1 October, representing a gain, in constant currency terms, of £2.6m…

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