LONDON (ShareCast) - - Total revenue increases 36 per cent
- Bumper CTC software sales
- Strong outlook for 2014 and beyond

Specialist software house Gresham Computing delivered a robust set of annual results following strong demand for its products and said the outlook for 2014 and beyond is strong.

Total revenues rose 36% to £14m in the year to end-December while pre-tax profit before tax from continuing operations rose to £1.7m from £1.6m before. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 28% to £2.4m.

Real-Time Financial Solutions (RTFS) revenues surged 62% to £11.5m. Within RTFS Clareti Transaction Control (CTC) its software designed to provide customers with real-time financial transaction control, revenues surged 1650% to £3.5m.

Chief Executive Chris Errington said: "We have made substantial progress in the execution of our CTC led strategy. We enter 2014 with a proven market-leading product in the global matching and reconciliations market, reference customers, an effective global platform for growth and strong balance sheet."

It added that following its £3m placing in December 2013, it has completed a number of new investments in sales & marketing, product development and global support to accelerate its CTC growth plans.

"The outlook for 2014 and beyond is strong, with several CTC sales opportunities at an advanced stage and expansion into new territories well underway," it said.

The group recorded net cash of £4.4m and no debt.



CJ

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