By Joe Hoppe
Gresham Technologies said Tuesday that it has made a positive start to 2023, with three new client signings since it published its 2022 results in March, with potential for more wins over the first half.
The software and services company said it has also made good progress against contractual milestones in two key accounts, leading to incremental increases in annual recurring revenue.
While the macroeconomic environment presents challenges to the finance sector, overall the pressures continue to result in greater regulation, compliance and board oversight of risk and liquidity management–driving demand for the company’s control and automation products, Gresham said.
The company said it benefits from good visibility over 2023 revenue and a solid pipeline of opportunities for the second half of the year and beyond, giving it confidence in its investment plans and growth strategy.
“The board remains confident in the year ahead and looks forward to providing an update at the time of our interim results in July,” Chair Peter Simmonds said.
Shares at 0808 GMT were flat on 151.5 pence.
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