Gresham Technologies rises on strong FY revenue, earnings forecast

Gresham Technologies

13/12/2022 12:08

** Shares of software and services provider Gresham
Technologies  GHT.L  up 4.5% at 175p 
    ** Sees FY22 revenue and earnings to be ahead of current
estimates  urn:newsml:reuters.com:*:nTUC9LJR74 
    ** Expects FY group revenue of at least 48 mln pounds
($58.99 mln), up from current market forecast of 46 mln pounds  
    ** Sees FY adjusted earnings before interest, taxes,
depreciation, and amortisation of at least 10 mln pounds, also
higher than market expectations of 9.6 mln pounds 
    ** Gresham says group has continued to perform strongly,
with co unit Clareti Platform recurring revenue in line with
strategic growth plan
    ** Including session's gains, stock up ~2% YTD 
    ($1 = 0.8137 pounds)
 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))