Gresham Technologies (GHT)

Sector:

IT Services

Index:

techMARK

 116.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 180.50
  • 52 Week Low: 115.98
  • Currency: UK Pounds
  • Shares Issued: 83.87m
  • Volume: 3,155
  • Market Cap: 97.71m
  • RiskGrade: 80
  • Beta: 0.01

Gresham Technologies sees earnings surge in first half

By Josh White

Date: Tuesday 23 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Software and services company Gresham Technologies reported a 36% rise in group revenues to 12.4m in its half-year report on Tuesday.
The London-listed firm said revenues from its 'Clareti' unit were up 50% to 8.3m in the six months ended 30 June, with recurring software revenues from Clareti ahead 83% to 5.5m.

Clareti annualised recurring revenues were said to be 47% higher at 9.1m.

The company's adjusted EBITDA surged 525% to 2.5m year-on-year, with cash EBITDA up 178% at 0.7m.

On the operational front, Gresham said it signed six new Clareti customers in the first half, with four being "strategic" high-value wins.

It said it made competitor market share gains in data integrity and control, as well as investments in corporate cash management solutions, which helped to deliver its revenue growth.

The company completed the successful sale of the four decades-old non-Clareti VME business during the period, with the firm's board and management saying it was "confident" in the strategy and outlook for the company.

"We're delighted to report an excellent start to the year signing in excess of 9.7m of new Clareti licence commitments," said chief executive officer Ian Manocha.

"The Clareti platform is becoming the new standard for data integrity and control in capital markets, and our cash management business is gathering momentum."

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

GHT Market Data

Currency UK Pounds
Share Price 116.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 180.50
52 Week Low 115.98
Volume 3,155
Shares Issued 83.87m
Market Cap 97.71m
Beta 0.01
RiskGrade 80

GHT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.4% below the market average63.4% below the market average63.4% below the market average63.4% below the market average63.4% below the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average
Price Trend
45.78% below the market average45.78% below the market average45.78% below the market average45.78% below the market average45.78% below the market average
18.75% below the sector average18.75% below the sector average18.75% below the sector average18.75% below the sector average18.75% below the sector average
Income
8.52% above the market average8.52% above the market average8.52% above the market average8.52% above the market average8.52% above the market average
10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average
Growth
89.02% above the market average89.02% above the market average89.02% above the market average89.02% above the market average89.02% above the market average
86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average86.67% above the sector average

GHT Dividends

  Latest Previous
  Final Final
Ex-Div 27-Apr-23 21-Apr-22
Paid 26-May-23 19-May-22
Amount 0.75p 0.75p

Trades for 08-Dec-2023

Time Volume / Share Price
16:28 1,705 @ 115.98p
15:54 250 @ 115.98p
12:19 1,200 @ 115.98p

GHT Key Personnel

CEO Ian Manocha

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