LONDON: Gresham Computing expects to report revenues for the year ended 31 December up 16% to GBP14.8 million and adjusted EBITDA up 142% to GBP2.7 million in line with expectations.
Clareti Transaction Control (CTC) software sales were up 212% driving Group total software revenues ahead by 38%. Other non-CTC parts of the Group performed in line with expectations. Recurring CTC software revenue continued the trend of consistent strong growth, increasing 90% on the previous period.
During FY 2015 the Group signed a number of new clients in US, Europe and Asia Pacific and a number of existing customers increased their investment in the technology. The Group closed the year with cash at GBP4.7 million, in line with expectations, and remains debt-free. The financial position is expected to remain strong throughout 2016 and beyond. The Group anticipate the results for FY 2015 will be announced in early March 2016.
Chief executive Ian Manocha said: “We are building a leadership position in a new category of enterprise data integrity leveraging our disruptive Clareti technology platform and an expanding applications portfolio for financial control, risk management and regulatory compliance.
“Gresham made significant progress in 2015 with 11 new CTC customer wins. In addition, we launched our cloud platform Clareti-as-a-Service, strengthened the global organisation, and made further strategic investments into sales and marketing to sustain the positive momentum into 2016.”
