RPMGlobal (ASX:RUL) shares surge up to 4.7% to A$1.565, marking their highest value since September 4.

The surge comes after the mining software solutions provider reports an increase in its total contracted value from software sales, which is now A$13.2 million, up from A$5.2 million the previous year.

The company’s revised outlook for the total revenue now falls within a range of A$107 million to A$112 million for the fiscal year 24, marking an increase from the earlier projected range of A$105 million to A$110 million.

Profit before tax for FY24 is expected between A$13.5 million to A$15 million, which is above the previous forecast of A$12.5 million to A$14 million.

Despite this positive outlook, the company’s stock is down by 14.6% year-to-date as of the last close.

RPMGlobal is a recognized provider of mining software solutions.