The FrontRange share gained 12c or 2.3% to close at 537c on the JSE on Friday after the company issued a positive trading update.
The group`s latest results, due for publication on 21 June, are for the 10 months to 30 April. The group recently changed its year-end, which used to be 30 June.
The group says in its trading update that it grew licence and total revenue sequentially each fiscal quarter of the financial year.
"The results for the April quarter represent the sixth consecutive quarter it has achieved this goal," it says.
"The April quarter was characterised by continued solid sales in the established HEAT and GoldMine product lines. FrontRange also closed some significant deals in its new IT Service Management solution, which was released at the end of January."
As a result, it says, headline earnings per share for the 10 months to April are expected to be 95% to 115% higher than those of the same 10 months of the previous year.
Earnings per share for the period are expected to be between 4.4 US cents and 4.8 US cents. For the year-earlier period, the group achieved earnings of 0.4 US cents.
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