Gresham Computing Interim Revenue To Rise On CTC Platform Strength

LONDON (Alliance News) - Software provider Gresham Computing PLC on Monday said it anticipates reporting revenue for the first half of 2016 that grew in line with its expectations.

Gresham said it expects to report that revenue for the six months to the end of June rose 10% year-on-year, driven by strong growth for its flagship Clareti Transaction Control software platform.

Clareti revenue rose 44% in the half, while recurring licence revenue grew 47% year-on-year.

Gresham said it remains confident in its outlook for all of 2016 and will publish its interim results on August 24.

Gresham shares were down 1.1% to 94.00 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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