Talon Resources Targets Ontario Gold Growth After AIM Move and Eagle Lake Acquisition, CEO Says.Watch here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGHT.L Share News (GHT)

  • There is currently no data for GHT

Gresham Computing annual sales up by a third

Wed, 19th Mar 2014 07:51
- Total revenue increases 36 per cent- Bumper CTC software sales- Strong outlook for 2014 and beyondSpecialist software house Gresham Computing delivered a robust set of annual results following strong demand for its products and said the outlook for 2014 and beyond is strong.Total revenues rose 36% to £14m in the year to end-December while pre-tax profit before tax from continuing operations rose to £1.7m from £1.6m before. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 28% to £2.4m.Real-Time Financial Solutions (RTFS) revenues surged 62% to £11.5m. Within RTFS Clareti Transaction Control (CTC) its software designed to provide customers with real-time financial transaction control, revenues surged 1650% to £3.5m.Chief Executive Chris Errington said: "We have made substantial progress in the execution of our CTC led strategy. We enter 2014 with a proven market-leading product in the global matching and reconciliations market, reference customers, an effective global platform for growth and strong balance sheet." It added that following its £3m placing in December 2013, it has completed a number of new investments in sales & marketing, product development and global support to accelerate its CTC growth plans. "The outlook for 2014 and beyond is strong, with several CTC sales opportunities at an advanced stage and expansion into new territories well underway," it said.The group recorded net cash of £4.4m and no debt.CJ

Related News

IN BRIEF: Gresham Technologies takeover becomes effective
9 Jul 2024

IN BRIEF: Gresham Technologies takeover becomes effective

Gresham Technologies PLC - London-based software and services for data integrity and financial management - Takeover by STG Partners LLC takes effect ...

IN BRIEF: Gresham Technologies bid scheme sanctioned by High Court
5 Jul 2024

IN BRIEF: Gresham Technologies bid scheme sanctioned by High Court

Gresham Technologies PLC - London-based software and services for data integrity and financial management - High Court grants the scheme court order s...

GHT.L News

IN BRIEF: Gresham Technologies optimistic after "strong close"
11 Jan 2024

IN BRIEF: Gresham Technologies optimistic after "strong close"

Gresham Technologies PLC - London-based software and services provider focused on data integrity and control, banking integration, payments and cash ...

Gresham Tech plunges as it ditches legacy IT contracting business
17 Nov 2023

Gresham Tech plunges as it ditches legacy IT contracting business

(Alliance News) - Gresham Technologies PLC on Friday said it would discontinue its legacy IT contracting business.

IN BRIEF: Gresham Technologies hires Tribal's Richard Last as chair
17 Oct 2023

IN BRIEF: Gresham Technologies hires Tribal's Richard Last as chair

Gresham Technologies PLC - London-based software and services provider focused on data integrity and control, banking integration, payments and cash m...

Gresham Technologies secures contract win with unnamed asset manager
17 Aug 2023

Gresham Technologies secures contract win with unnamed asset manager

(Alliance News) - Gresham Technologies PLC on Thursday said it agreed a "strategic" contract with an unnamed, "Tier 1 global" asset manager.

TRADING UPDATES: Revolution Bars reports good progress from Peach Pubs
26 Jul 2023

TRADING UPDATES: Revolution Bars reports good progress from Peach Pubs

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Gresham Technologies inks USD1.6 million Clareti contract deal in US
3 Jul 2023

Gresham Technologies inks USD1.6 million Clareti contract deal in US

(Alliance News) - Gresham Technologies PLC on Monday said that it has signed a new name Clareti contract win in the US investment management industry,...

Gresham Technologies starts year on strong note, securing new clients
23 May 2023

Gresham Technologies starts year on strong note, securing new clients

(Alliance News) - Gresham Technologies PLC on Tuesday said that it has made a "positive start" to the year, signing several new clients.