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Data integrity and control solutions specialist Gresham Technologies swung to a first-half profit, after it booked a gain on the sale of its virtual machine environment business.
Net profit for the six months through June amounted to £2.5m, compared to a loss of £0.2m on-year, and included a £2.0m asset sale gain.
Pre-tax profit from continuing operations amounted to £0.2m, compared to a loss of £1.0m on-year.
Revenue rose 36% to £12.4m, with sales at the core Clareti business up 50% to £8.3m.
'We're delighted to report an excellent start to the year signing in excess of £9.7m of new Clareti licence commitments,' chief executive Ian Manocha said.
'The Clareti platform is becoming the new standard for data integrity and control in capital markets, and our cash management business is gathering momentum.'
At 2:36pm: (LON:GHT) Gresham Technologies PLC share price was +2.5p at 120.5p