Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Gresham Technologies said it expected revenues to rise by more than a third as its software platform secured contract wins with new and existing clients.
For the six months ended 30 June, revenues were expected to rise by 36% to £12.4m from a year earlier, or 29% on a like-for-like basis.
Growth was underpinned by Clareti, its software platform, which saw revenues surge 50% to £8.3m in the half from last year, with software recurring revenues up 83% to £5.5m.
Clareti secured a number of contract wins, one of which was with a new name customer and three of which involved existing customers. Each of these wins had a contract software value exceeding £1m and, collectively, they represented a combined value in excess of £7.8m over the respective committed terms.
Other non-Clareti revenues increased by 17% to £4.1m, including a 21% increase in the group's Australian sub-contracting business.
'This has been an excellent first half with strong Clareti subscription growth driven by four strategic wins and a solid run rate of smaller new deals and customer upgrades,' the company said.
'We have made good progress with each of our three Clareti go-to-market initiatives: data integrity and control; regulatory data quality; and cash management and payments solutions, and there is good momentum in the business as we enter the second half.'
At 10:09am: (LON:GHT) Gresham Technologies PLC share price was +3p at 115.5p