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Prices & Quotes - UK Markets - Gresham Technologies (GHT)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
170.50p
Change Today:
0.000p
Market Cap:
142.14m
Sector:
Software & Computer Services

Gresham Technologies expects 'substantially higher' earnings after solid first half

By Iain Gilbert

Date: Thursday 04 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Software and services firm Gresham Technologies saw revenues move ahead in the six months ended 30 June, leading the group to anticipate underlying earnings "substantially higher" than for the same period in 2018.
Group sales grew 36% to 12.4m, driven by a 50% improvement in Clareti revenues to 8.3m. Clareti recurring revenues meanwhile soared 83% to 5.5m.

As a result of the solid first half, Gresham not only expects adjusted EBITDA to be stronger for the half, but the group told shareholders on Thursday that it also remained in line with management expectations for the full year.

Chief executive Ian Manocha said: "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.

"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."

As of 1530 BST, Gresham shares had picked up 2.22% to 115p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GHT Market Data

Currency UK Pounds
Price 170.50p
Change Today 0.000p
52 Week High 176.00p
52 Week Low 110.50p
Volume 800
Shares Issued 83.36m
Market Cap 142.14m
Beta 0.07

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GHT Dividends

  Latest Previous
  Final Final
Ex-Div 15-Apr-21 09-Apr-20
Paid 20-May-21 21-May-20
Amount 0.75p 0.75p

Trades for 22-Oct-2021

Time Volume / Share Price
08:51 800 @ 169.30p

GHT Key Personnel

CEO Ian Manocha