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Pin to quick picksGresham Share News (GHT)

Share Price Information for Gresham (GHT)

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Share Price: 161.00
Bid: 160.00
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IN BRIEF: Gresham Technologies optimistic after "strong close"

Thu, 11th Jan 2024 14:26

Gresham Technologies PLC - London-based software and services provider focused on data integrity and control, banking integration, payments and cash management - Expects to report group revenue of GBP49.0 million, up 0.8% from GBP48.6 million in 2022. Also expects Clareti revenue to rise 6.5% to GBP37.8 million from GBP35.5 million, with recurring revenue up 8% at GBP29.6 million. Finishes 2023 with no debt and GBP4.8 million cash, down from GBP6.3 million one year prior. Drop is mainly due to GBP3.8 million final payment in relation to acquisition of Electra Information Systems Inc in 2021. Company "was able to navigate the challenging global macroeconomic conditions affecting the financial services sector" and "report a strong close" to 2023. Starts year with GBP38 million in revenue already under contract.

Chief Executive Officer Ian Manocha comments: "There is good momentum coming into the year with a strong pipeline of opportunities at varying stages of negotiation. This, alongside other growth and cost management initiatives, provides us with a high degree of confidence in delivering further profitable growth in the coming years."

Current stock price: 124.00 pence, up 6.9% on Thursday afternoon

12-month change: down 30%

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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19 Mar 2014 10:23

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19 Mar 2014 07:51

Gresham Computing annual sales up by a third

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31 Oct 2013 18:21

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26 Jul 2013 14:35

Gresham grabs big bank contract

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3 Jun 2013 14:26

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11 Mar 2013 13:47

Gresham Computing sells Banking and Lending business

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Sales growth reverses at Gresham

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