RNS Number : 0508F
Gresham Computing PLC
25 July 2016
25 July 2016
Gresham Computing plc
Six new CTC customers in first half, trading in line
Gresham Computing plc (LSE: "GHT", "Gresham" or the "Group"), the leading software and services
company that specialises in providing real-time transaction control and enterprise data integrity software, is pleased to provide
a trading update for the half year to 30 June 2016.
Gresham expects to report that Group revenues for the six-month period ended 30 June 2016 will be
ahead by 10% over the same period in 2015, in line with management's expectations. The Group's flagship CTC offering continues to
grow strongly with total Clareti revenues expected to be ahead 44% and Clareti recurring licence revenues up 47%. Net cash at 30
June 2016 was £3.9m and gross margins continued to strengthen in line with plan. Management remains confident in the full year
outlook.
Gresham expects to announce its interim results for the six months to 30 June 2016 on 24 August
2016.
Ian Manocha, CEO, commented:
"Clareti sales continue to propel the Group forward as data integrity moves up the regulatory
agenda for financial services firms. We booked six new CTC customers in the first half, including three in the US. The
investments the Group has made in sales and marketing, and in our Clareti-as-a-Service cloud offering, are flowing through into
our pipeline and we enter the second half with strong momentum. I look forward to providing more details in my Interim
Report."
Enquiries
Gresham Computing plc
Ian
Manocha
+44 (0) 207 653 0200
Rob Grubb
N+1 Singer (Broker)
Nic Hellyer
+44 (0) 207 496 3000
Lauren Kettle
Note to editors
Gresham's award-winning software platform Clareti Transaction Control (CTC) has been designed to
provide financial institutions with complete certainty in their data processing. CTC combines best-in-class performance with
future-proofed technology, providing real-time data management based on business-driven controls. CTC is a highly flexible
and fully scalable platform for assuring enterprise data integrity and is designed to address today's most challenging financial
control, internal risk management and regulatory compliance problems.
Gresham Computing plc is a leading software and services company that specialises in providing
real-time financial transaction control and enterprise data integrity solutions, and is listed on the main market of the London
Stock Exchange (GHT.L). With over 30 years' experience and headquartered in the City of London, customers include some of the
world's largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia
Pacific.
This information is provided by RNS
The company news service from the London Stock Exchange
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