Gresham Technologies sees strong demand continue throughout second half

Gresham Technologies has seen a continued strong demand for its data integrity and control solutions so far in the second half of its trading year, inking deals with five new Clareti customers, three of which were located in the all-important US market.

In addition to the new deals, Gresham told investors on Wednesday that a number of existing users of Clareti, the firm's software platform designed to provide financial institutions with complete certainty in their data processing, had chosen to upgrade their subscriptions throughout the half.

Gresham said revenues for Clareti across the nine months ending 30 September jumped 16% ahead of the same period a year earlier, leading the company to up its investment in product innovation and business development.

So far in the half, the AIM-listed software outfit's Australian sub-contracting business signed contracts to deliver a minimum AUD $9m of services over a twelve-month period.

The group reminded investors that its ability to convert its pipeline of opportunities was "key" and revealed that it was actively engaged on a number of well advanced Clareti opportunities that it expects to contribute to the current financial year.

Gresham stated that it "remains confident" of its full-year outlook.

As of 1430 BST, Gresham shares had collected 1.26% to 159.99p.