Investors
Regulatory Announcements
Interim Management Statement Period 1 January 2008 to 28 April 2008
We started the year with a very substantial level of contracted revenues for 2008. We have a strong pipeline of new or incremental revenue in each of our core areas of business. We are aggressively pursuing these opportunities, which we believe should have a significant impact on our trading performance in 2008 and beyond. We will dispose of non-core businesses as the opportunity arises.
In February 2008, we were pleased to announce a substantial contract win for a treasury management solution with a blue chip customer. The implementation of this solution is expected to be completed during 2008.
I am pleased to report that our trading performance in Q1 2008 was significantly ahead of that seen in the comparative period with cash balances broadly similar to those held at 31 December 2007. We are working towards improving these results further during 2008 and beyond.
I am also pleased to confirm the appointment of Eric Sepkes, ex Citigroup and a leading innovator in the global banking industry, as Chairman to help accelerate the roll out of our unique solutions to the global finance and banking markets and further develop Gresham’s thought leadership in real-time financial solutions.
Further information in respect of the Group’s performance and position for the period 1 January 2008 to 28 April 2008 can be found in the Preliminary Results for the year ended 31 December 2007, announced today, and the 2007 Annual Report, which will be sent to shareholders shortly.
For further information, please contact:
Gresham Computing plc
Andrew Walton-Green, CEO +44 (0)20 7653 0200