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Trading statements

Gresham makes strong start

04 May 2017 09:15

Gresham Technologies has made a strong start to its new financial year, shareholders at the annual general meting today will be told.

Chairman Ken Archer will say that the group has signed five new CTC customers in Europe and the United States, and consulting utilisation had been high across all regions.

He will say: "All new customers signed during 2016 are using CTC in production, including the first US Tier 1 bank win announced in December 2016.

"In addition, one existing customer in the asset management industry has upgraded its CTC on-premise subscription to our fully managed Clareti-as-a-Service cloud platform.

"Investment in product development and innovation has progressed in line with plans: Clareti Loan Control 1.0 is in production use with the first customer; Clareti Analytics is now available as an upgrade to the CTC user base; and the acquired C24 technology has been fully integrated into the Clareti platform.

"The Board is pleased with the C24 contribution since completion with recurring revenues performing as expected. In addition, there have been four new C24 customer wins year to date, including one cross-sale into a global bank customer in Asia Pacific."

At 9:15am: (LON:GHT) Gresham Computing PLC share price was +7.5p at 155p

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