Gresham Computing PLC
31 January 2006
Embargoed until 7am 31 January 2006
Gresham Computing plc ('Gresham' or the 'Company')
Period-end trading update
Gresham Computing plc provides the following update to progress in respect of
the year ended 31 December 2005.
We expect to report a full year pre tax loss broadly in line with market
expectations, with full year sales and cash at 31 December 2005 ahead of
expectations. Our cash position has also improved significantly in the first
month of 2006.
Cable & Wireless RTN ('CWRTN')
2005 has seen the CWRTN service gather momentum as global banks begin to address
the use of real time information in their businesses.
In order to maximise the value of the service to users, Gresham and Cable &
Wireless have been working with the banking community to expand the amount of
data accessible over the service. During 2005, the number of provider banks has
grown from 10 to 18, which includes 7 of the top 20 banks in the world. The
majority of these banks are now live as providers of data to the service.
Since our last announcement on CWRTN in September, we have seen two new
subscribers to the RTN browser service, including a top 10 world bank. A
further top 10 bank has also agreed to take the RTN direct service. There are
currently in excess of 20 banks in trial phase for the RTN browser service and
several major banks are evaluating the RTN direct service.
- Ends -
For further information, please contact:
Gresham Computing plc +44 (0)20 7653 0200
Financial Dynamics +44 (0)207 831 3113
This information is provided by RNS
The company news service from the London Stock Exchange