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LONDON (Alliance News) - Gresham Computing PLC Monday said it expects to report a rise in earnings and revenue for 2015, as sales of its flagship Clareti Transaction Control software platform more than doubled.
The software and services firm expects to report earnings, before interest, tax, depreciation, amortisation and adjusted to add back share-based payment charges and exceptional items up 142% from the previous year, on a 16% rise in revenue to GBP14.8 million from GBP12.8 million.
CTC software sales more than trebled, the company said, driving its total software revenue up 38%.
Gresham said it had closed 2015 with cash of GBP4.7 million, in line with its expectations, and it expects its financial position to remain strong throughout 2016 and beyond.
"Gresham made significant progress in 2015 with 11 new CTC customer wins. In addition, we launched our cloud platform Clareti-as-a-Service, strengthened the global organisation, and made further strategic investments into sales and marketing to sustain the positive momentum into 2016," said Chief Executive Officer Ian Manocha in a statement.
Shares in Gresham were up 2.9% at 107.99 pence Monday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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