StockMarketWire.com - Gresham Technologies said it expected revenues to rise by more than a third as its software platform secured contract wins with new and existing clients.

For the six months ended 30 June, revenues were expected to rise by 36% to £12.4m from a year earlier, or 29% on a like-for-like basis.

Growth was underpinned by Clareti, its software platform, which saw revenues surge 50% to £8.3m in the half from last year, with software recurring revenues up 83% to £5.5m.

Clareti secured a number of contract wins, one of which was with a new name customer and three of which involved existing customers. Each of these wins had a contract software value exceeding £1m and, collectively, they represented a combined value in excess of £7.8m over the respective committed terms.

Other non-Clareti revenues increased by 17% to £4.1m, including a 21% increase in the group's Australian sub-contracting business.

'This has been an excellent first half with strong Clareti subscription growth driven by four strategic wins and a solid run rate of smaller new deals and customer upgrades,' the company said.

'We have made good progress with each of our three Clareti go-to-market initiatives: data integrity and control; regulatory data quality; and cash management and payments solutions, and there is good momentum in the business as we enter the second half.'




At 10:09am: [LON:GHT] Gresham Technologies PLC share price was +3p at 115.5p



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