StockMarketWire.com - Gresham Technologies made an 'excellent' start to the year as growth was bolstered by acquisitions.
'I am pleased to report that the Company has made an excellent start to the year,' said Ken Archer, Chairman.
'As previously announced, the two significant CTC contracts with Tier 1 global banks carried over from the previous financial year were closed in the first quarter of 2019. Together, these contracts represent over £7 million in new Clareti software revenue over their respective terms and add £1.4m to annualised recurring revenues.'
'Professional services contracts related to these two projects have also now been signed, and are expected to generate more than £500,000 in Clareti services revenue initially, with potential for extensions as the respective projects progress.'
At 9:21am: [LON:GHT] Gresham Technologies PLC share price was +13.5p at 108.5p
Story provided by StockMarketWire.com
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