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Trading statements

Gresham confident in FY outlook

04 October 2017 07:23

Gresham Technologies has confirmed that trading was in line with board expectations and management remained confident in the full year outlook.

It said that during the third quarter it signed two important new Clareti Transaction Control (CTC) clients in the US market, the first of which, a regulatory control deployment, was previously announced on 29 Aug.

It said the second win was with the US capital markets division of one of Asia's largest financial services firms who will use the technology to replace manual intensive data integrity checks and enable senior management to certify and be accountable for the quality of its trading related data.

It said pther parts of the business continued to perform as planned.

Gresham also confirmed that there had been high levels of customer retention in the C24 Technologies business acquired on 10 Oct 2016, and accordingly the first deferred consideration payment was expected to be paid as planned this month.

Story provided by StockMarketWire.com

Related Company: GHT

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