View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 15, 1997updated 05 Sep 2016 12:40pm

RESULTS STRONG, BUT GRESHAM FEELS NEED FOR A MERGER PARTNER

By CBR Staff Writer

If the much-vaunted death of the mainframe had come true, the picture for Gresham Computing Plc, supplier of mainframe utility products and middleware, would have looked decidedly less rosy than it does today. The Southampton, UK company, whose bread and butter is its ICL Plc mainframe business, continues to prosper as the mainframe holds on in there. Gresham saw profits for the year to October up a healthy 31% to 1.1m pounds on revenue up 17% to 9.3m pounds. Chairman Hamish Donaldson said in his report that all divisions of the company continued to perform well. Mainframe utility products continue to make a significant contribution to future revenue and profits he said, while the company is also using its expertise to bring new ‘mainframe class’ utility products to the open systems market. The company has also a newer range of middleware products, all of which rely on the continued existance of the mainframe, and which are doing well, it said. Donaldson says the that company has high hopes for the recently- launched Casablanca, which enables access to mainframe data over the Internet (CI No 2,925). He said he believes the Internet will have increasing importance to Gresham’s customers. The company’s computer personnel operation nearly doubled its profits in the year, and consultancy services had another profitable year with higher margins. Donaldson says that as a small company, the organic growth of around 30% achieved so far is insufficient, and Gresham will be looking to acquire or merge with a complementary business, he said. The company recommends a final dividend of 0.50 pence per share, up 32% on last year.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU