GL Trade posts Q1 results, promises dividend

Software provider GL Trade has posted strong results for the first quarter of 2005. Better than expected performance from recently acquired back office vendor Ubitrade (see FO Week Vol 9 No 48) was one contributor to a 21% increase in sales over the same period last year.

GL's director client services, marketing and communication, Philippe Carré, told FO Week the acquisition of Ubitrade and of US software firm Davidge Data Systems (DDS) towards the end of 2004 had proven succesful for the...