Trading Update

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                                                                                        [phone]

Rob Grubb

N+1 Singer (Broker)

Nic Hellyer                                                                                          [phone]

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.

 

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