Veteran finance sector software and IT services firm, Gresham Computing, looks like it closed the year with an even greater flourish than expected (see Growth accelerates at Gresham), with the news that the FY numbers (to 31st Dec.) will be ahead of consensus. CEO Chris Errington also alluded to a ‘strong’ order book and pipeline.
Main market-listed Gresham has been one of the surprise stocks of 2011, doubling in value over the year (see 2012 - The Winners and Losers). As we have said so many times before (most recently here), we always see great diversity of performance - both financial and share price - in tough market conditions; Gresham has turned out to be an unexpected example of the upside to this trend in both respects.