Runge expects $8.5m of software sales for FY10

Mining technology and consulting company Runge Limited (ASX:RUL) has revealed that its software business has shown signs of improvement everywhere except Australia.

The company expects software sales of around $8.5 million for FY10, and an overall ebitda – excluding any one-off large software sales – of $3 million to $5 million.

But Runge said it had experienced delays and referrals to its Australian projects since the beginning of the calendar year

And software sales are expected to be slightly lower than in FY09, because that year included a $2.3 million large enterprise sale.