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Gresham Technologies PLC - London-based software and services company - Posts rise in first half revenue, driven by 13 new or incremental Clareti licence agreements including three with new banks and one with a global professional services firms. Revenue for the half year to June 30 jumps 19% to GBP14.5 million, from GBP12.2 million a year prior. Gresham's Clareti business generates revenue of GBP9.6 million, up 30% year-on-year.
"We are delighted to report another period of strong annual recurring revenue growth with our Clareti Control and Clareti Connect propositions both performing well," comments Chief Executive Ian Manocha.
"It is particularly pleasing to have won three new banks within the EU following our investment in continental European sales a year ago."
The trading results did not include any contribution from Gresham's acquisition of Electra Information Systems in June, although the company says Electra is "expected to accelerate growth in the United States as well as open up the buy-side market globally".
Gresham plans to announce its interim results on July 21.
Current stock price: 161.00 pence, up 1.9%
Year-to-date change: up 8.8%
By Will Paige; willpaige@alliancenews.com
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