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Gresham Technologies PLC - London-based software and services company - Expects revenue and earnings for 2022 to be head of current expectations, with revenue reaching at least £48.0 million and adjusted earnings before interest, tax, depreciation and amortisation reaching at least £10.0 million. Says it has continued to perform strongly with ‘Clareti recurring revenue performing in line with growth plan and Clareti services and the non-Clareti businesses performing ahead of planned revenue’.
Gresham Technologies adds that it has ‘good visibility’ over the non-Clareti business with current levels of revenue expected to continue into financial 2023. The Clareti software platform is a front-to-back servicing platform designed to meet the needs of the real estate lending market.
In July, the company had reported a swing to pretax profit of £1.1 million in the half-year ended June 30, from a loss of £837,000 a year ago. Revenue grew 55% to £23.0 million from £14.8 million.
Current stock price: 170.15 pence, up 1.6% on Tuesday in London
12-month change: down 1.1%
By Xindi Wei, Alliance News reporter
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