StockMarketWire.com - Gresham Computing's total revenues rose by 16% to GBP14.8m in the year to the end of December with recurring revenues increasing 20% to GBP7.8m.

CTC revenues rose by 51% to £5.3m (2014: £3.5m) and CTC software revenues were up 212% at £3.4m with CTC software recurring revenues up 90% at £1.9m.

Adjusted EBITDA rose by 145% to £2.7m and statutory profit before tax as reported rose by 243% to £1.6m.

Chief executive Ian Manocha said: "Gresham made significant progress in 2015. High quality new customer wins helped drive CTC licence revenue up 212% and contribute to improving margins. We extended our portfolio of innovative products, launched our cloud platform Clareti-as-a-Service, and strengthened the global organisation to sustain the positive momentum into 2016. As a result of increased risk and regulatory focus, data integrity and control is now a board level issue in our target markets. The Group is well placed to take advantage of this opportunity."






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