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5 Feb 2013 07:00
5 February 2013
Gresham Computing plc("Gresham" or "the Group")Trading Update
Gresham Computing plc, the specialist provider of software based solutions that enable customers to achieve real-time financial certainty in transaction and cash management, is pleased to provide the following trading update for the year ended 31 December 2012.
Trading remained strong for the fourth quarter of 2012 and as a result we expect to report revenue and earnings in line with market expectations for the full year 2012. Our financial position remains strong, with cash at 31 December 2012 of £2.9m and no debt.
In December 2012, Jones Lang LaSalle selected CTC to increase the level of automation in matching and allocating incoming receipts for its UK property management business. We are currently working on a number of significant opportunities for CTC in the bank and non-bank markets.
Chris Errington, CEO of Gresham, commented:
"We have continued to invest significant time and resources in both CTC and refocusing the Group for growth. I am pleased with the progress made in the period and especially the growing number of CTC users. I remain confident of a further year of strong strategic progress in 2013."
- Ends -
For further information please contact:
Gresham Computing plcChris Errington, CEORob Grubb, CFO | +44 (0) 20 7653 0200 |
N+1 Singer Shaun Dobson, Head of Corporate FinanceNick Donovan, Corporate Finance | +44 (0) 20 7496 3000 |
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