Gresham Computing betting on CTC

Gresham Computing, the long established finance sector software and services provider talks of a “solid” start to its financial year, for the January to May 2013 period, on the back of its new Client Transaction Control product. Pilots are morphing into paid-for projects in Asia and EMEA which is positive, but that is still some way from full engagements. If they make the final move they will start to deliver significant revenue and Gresham is hopeful that CTC will drive revenues through 2013. Overall performance is currently in line with expectations. What was not so positive was the news that the company took a loss on the March 2013 sale of the Banking and Lending business it operates in the Caribbean. The £0.5m sale generated a £0.3m loss, resulting in £0.3m net cash. Still, the disposal means the company can concentrate on selling CTC into the North American market, which can’t be a bad thing.