StockMarketWire.com - Gresham Computing expects to report revenue and earnings for the year to the end of December in line with market forecasts.

The group says it also expects to report significant growth in CTC recurring revenues (up nearly three times) and other, non-CTC, parts of the business performing in line with expectations.

The group says its financial position remained strong throughout FY 2014, with £4.7m of cash and no debt as at 31 December (2013: £4.4m and no debt).

And it says it expects its financial position to remain strong throughout 2015 and beyond.

Chief executive Chris Errington said: "We continue to win CTC customers and grow CTC recurring revenues in line with our strategy. The investments we have made in commercialising CTC have delivered good progress in the final quarter of the year both in terms of new customers and qualified prospects. We have a strong order book of work and qualified pipeline for 2015 and beyond."

Gresham also announced that Hamish Purdey has resigned as non-executive director in order to concentrate on his new role as CEO of Intelliflo, a leading provider of web based business management software to the financial services industry.

Gresham says it intends to appoint a new non-executive director in due course.

Chairman Ken Archer said: "The board would like to thank Hamish for his valuable contribution to the company and we wish him all the best for the future."


At 8:38am: [LON:GHT] Gresham Computing PLC share price was +1.5p at 84p



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