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Share Price: 161.00

Bid: 160.00

Ask: 162.00

Change: -1.00 (-0.62%)

Spread: 2.00 (1.25%)

Open: 162.00

High: 162.00

Low: 161.00

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Gresham Technologies starts year on strong note, securing new clients

Tue, 23rd May 2023 11:10

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

London-based Gresham Technologies provides software and services for data integrity and control, banking integration, payments and cash management.

Three new clients have been signed since March, with potential for further wins in the first half of 2023.

The company also said there had been good progress against contractual milestones in two key accounts, leading to incremental annual recurring revenue.

"Whilst the macro environment does present some challenges for the financial sector, overall these pressures continue to result in greater regulation, compliance and board oversight of risk and liquidity management which all continue to drive demand in the mid-term for our control and automation solutions," said Chair Peter Simmonds.

He added: "The company benefits from good visibility of FY23 revenues and a solid pipeline of opportunities for the second half of the year and beyond, giving us confidence in our investment plans and the execution of our growth strategy."

Gresham Technologies expects to announce its interim results for the six months ending June 30 on July 26.

Gresham Technologies shares were trading 0.3% higher at 152.00 pence each in London on Tuesday morning.

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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