Brief: Gresham Technologies Agreed To Completely Exit Legacy Sub-Contracting Business

Gresham Technologies

17/11/2023 07:18

Nov 17 (Reuters) - Gresham Technologies PLC  GHT.L :
    * GRESHAM TECHNOLOGIES  - TRADING UPDATE
    * GRESHAM TECHNOLOGIES PLC - EXPECTS FY23 GROUP REVENUES AND
EARNINGS TO BE IN-LINE WITH MARKET EXPECTATIONS
    * GRESHAM TECHNOLOGIES PLC - EXPECTS TO CLOSE ADDITIONAL
CLARETI
SUBSCRIPTION BUSINESS BEFORE END OF YEAR
    * GRESHAM TECHNOLOGIES PLC - SUBSTANTIALLY COMPLETED
NEGOTIATIONS
WITH ANZ REGARDING RENEWAL OF EXISTING BUSINESS THROUGH 2024
    * GRESHAM TECHNOLOGIES PLC - EXPECTS ANZ TO RENEW ALL
CLARETI
CONTROL, FLOE AND RE-SOLD THIRD PARTY VBT SOFTWARE LICENCES FOR
PERIOD
    * GRESHAM TECHNOLOGIES PLC - AGREED TO COMPLETELY EXIT LOWER
MARGIN LEGACY SUB-CONTRACTING BUSINESS 
    * GRESHAM TECHNOLOGIES PLC: EXPECTS TO RECOGNISE £8.5M IN
REVENUE
FROM AGREEMENTS IN FY23, WILL DISCONTINUE LEGACY SUB-CONTRACTING
BUSINESS FROM JAN 2024
    * GRESHAM TECHNOLOGIES PLC - MACRO-ENVIRONMENT IS EXPECTED
TO
REMAIN CHALLENGING

Further company coverage:  GHT.L 

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