StockMarketWire.com - Software and services company Gresham Technologies said it expected to report a 30% rise in annual revenue as its move to subscription licensing had progressed 'particularly well' during the year.

For the year ended 31 December 2019, revenues were expected to rise 30% to £25m, and adjusted earnings (EBITDA) up 344% to £4m.

'The group's move to subscription licensing within the Clareti business progressed particularly well during the year with forward-looking Clareti annualised recurring revenue (ARR) expected to be up 30% to £9.6m compared with £7.4m at the end of 2018,' the company said.




At 9:35am: [LON:GST] share price was 0p at 0.17p



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