Gresham Computing PLC
29 April 2008
Embargoed until 07.01 HRS (BST) 29 April 2008
Gresham Computing plc
('Gresham,' 'the Group' or 'the Company')
Interim Management Statement
Period 1 January 2008 to 28 April 2008
We started the year with a very substantial level of contracted revenues for
2008. We have a strong pipeline of new or incremental revenue in each of our
core areas of business. We are aggressively pursuing these opportunities, which
we believe should have a significant impact on our trading performance in 2008
and beyond. We will dispose of non-core businesses as the opportunity arises.
In February 2008, we were pleased to announce a substantial contract win for a
treasury management solution with a blue chip customer.
The implementation of this solution is expected to be completed during 2008.
I am pleased to report that our trading performance in Q1 2008 was significantly
ahead of that seen in the comparative period with cash balances broadly similar
to those held at 31 December 2007. We are working towards improving these
results further during 2008 and beyond.
I am also pleased to confirm the appointment of Eric Sepkes, ex Citigroup and a
leading innovator in the global banking industry, as Chairman to help accelerate
the roll out of our unique solutions to the global finance and banking markets
and further develop Gresham's thought leadership in real-time financial
solutions.
Further information in respect of the Group's performance and position for the
period 1 January 2008 to 28 April 2008 can be found in the Preliminary Results
for the year ended 31 December 2007, announced today, and the 2007 Annual
Report, which will be sent to shareholders shortly.
For further information, please contact:
Gresham Computing plc
Andrew Walton-Green, CEO +44 (0)20 7653 0200
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.