Investors
Regulatory Announcements
Interim Results 2006
Gresham, provider of real-time financial solutions and storage solutions, announces its unaudited interim results for the 6 months ended 30 June 2006. The main results highlights are as follows:
-
Assumed primary responsibility for Real Time Nostro service from Cable & Wireless and continued progress with users and providers
Revenue up 5% to £7.0m (2005: £6.6m)
Loss before tax reduced by 42% to £0.4m (2005: £0.7m loss)
Cash up at £5.3m (31 December 2005 £2.1m)
Launched our Virtual Tape Library solution, ranked 2nd in the world by independent storage analysts and have our first OEM channel deal secured with partner
Proposed launch of Gresham Payables Financing Service H2 2006
A number of strategic hires focused on growing the business more quickly
H1 2006 £'000 |
H1 2005
£'000
|
|
Revenue |
6,967 |
6,634 |
Trading loss |
(484) |
(783) |
Loss before tax |
(433) |
(742) |
Attributable to equity holders of the parent |
(383) |
(632) |
Loss per share (pence) |
(0.76) |
(1.27) |
Cash |
5,327 |
2,105 |
Andrew Walton-Green, Chief Executive Officer of Gresham, commented:
"The first half of 2006 has been a period of significant change and activity for Gresham. Since taking the primary sales and marketing role for the Real Time Nostro service in April, we have restructured our business and are making strategic hires to enable us to fully engage with the banking community. Our strategic focus is very clearly now on delivering real-time financial solutions to the global banking community and wider. I am also pleased with developments in our storage business where today we provide core storage software to over half of the Fortune 500. Our new product, a Virtual Tape Library solution, has significant potential and has been assessed as a leading solution by independent storage analysts. We have emerged from the first half stronger and better capable of driving the business forward and are focused on improving trading for the second half of 2006 and beyond."
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For further information, please contact:
Gresham Computing plc
Chris Errington, Finance Director
+44 (0)1489 555500
Financial Dynamics
James Melville-Ross
Matt Dixon
+44 (0)207 831 3113