Gresham has announced a significant new Clareti contract win with a global tier 1 bank. The contract, which is one of the two high value deals that slipped from FY 2018, is worth £5m in software fees over its five year term, with £0.9m to be recognised in FY 2019. This is positive news as it confirms that both the large deals that slipped from 2018 have now been signed, and that their contribution to FY 2019 revenues will be broadly as expected. Investors should now be reassured that recent deal ....
27 Mar 2019
Both slipped deals now closed
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Both slipped deals now closed
Gresham Technologies plc (GHT:LON) | 163 0 0.0% | Mkt Cap: 136.7m
- Published:
27 Mar 2019 -
Author:
N+1 Singer Team -
Pages:
3
Gresham has announced a significant new Clareti contract win with a global tier 1 bank. The contract, which is one of the two high value deals that slipped from FY 2018, is worth £5m in software fees over its five year term, with £0.9m to be recognised in FY 2019. This is positive news as it confirms that both the large deals that slipped from 2018 have now been signed, and that their contribution to FY 2019 revenues will be broadly as expected. Investors should now be reassured that recent deal ....