Gresham pulse beats stronger

After issuing a very upbeat trading update in November (see Gresham’s ‘near life experience’), veteran financial software (plus) player, Gresham Computing, looks like it’s turned the corner. Although headline revenues for 2010 (to 31st Dec) were down 8% to £9.1m, apparently "underlying" growth was +8%. More significantly, the prior year’s £7.3m net loss turned into a £0.6m net profit in 2010, and CEO Chris Errington predicts 2011 trading to be “materially” ahead of expectations. Old soldiers never die ...