StockMarketWire.com - Gresham Computing's adjusted earnings before interest, tax, depreciation and amortisation rose by 26% to £1.1m in the six months to the end of June.

Software revenues were up 38% at £4.7m with CTC software revenues jumping 247% to £1.5m (H1 14: £0.4m). Total revenues were up 11% at £7.1m and profit before tax was up 8% at £0.65m.

Chief executive Ian Manocha said:

"We had a notably strong first half with Group profitability greater than the whole of the last financial year. Our total Software revenues grew by 38%.

"CTC, our flagship product, is driving this growth with CTC Software revenues jumping by 247% to become our best selling product. We signed a number of new CTC customers whilst existing customers extended their usage of the platform.

"We are trading in line with our expectations with CTC recurring revenue and international pipeline growing steadily. The market demand for sophisticated transaction control and data integrity platforms remains high. We remain confident in our strategy and the outlook for the business."

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