10th Oct 2018 10:57
LONDON (Alliance News) - Gresham Technologies PLC said Wednesday it remains "confident" in its 2018 outlook after signing five new customers so far in the second half of the year.
The computer software company signed five new customers for its Clareti control solutions, including three in the "important" US market.
As a result, Clareti revenue for the nine months ended September was 16% ahead of the comparative period a year before.
Gresham Technologies said its ability to convert pipeline of opportunities it expected to conclude in the second half is "key".
The company also said it is engaged in a "number of well advanced" Clareti opportunities, feeding the company's confidence in its full year outlook.
In 2017, the software company reported pretax profit of GBP3.1 million on revenue of GBP21.7 million.
Gresham Technologies' integration of cash management and payments software firm B2 Group Sarl is now "materially complete". The newly formed Cash Management Solutions business is performing at expected levels.
Shares in Gresham Technologies were up 0.6% Wednesday at 159.00 pence each.
Related Shares:
GHT.L