26 November 2015

Fidessa reports solid full year results

14 February 2011  |  5960 views  |  0 Digital Abstract

Despite what it calls "challenges in the financial markets", trading technology vendor Fidessa has posted a 10% rise in full year revenues and 11% jump in adjusted operating profits.

The London-based company saw 2010 revenues of £262.3 million, up from £238.5 million the previous year.

Sell-side trading accounted for £133 million of recurring revenue, up from £122 million in 23009. A further £14 million came from buy-side trading, £43 million from connectivity and £23 million from market data.

On a regional basis, Asia showed the strongest growth with an increase of 22% and now represents 15% of total revenue, whilst Europe grew by 10% and represents 51% and North America grew by 5% and accounts for 34%.

The firm's adjusted operating profit - which removes the effect of a payment received for its sale of a stake in Touchpaper - was £39.8 million up 11% from £36 million in 2009. This represents an operating margin of 15.2% for the year, consistent with 2009.

Diluted earnings per share, adjusted to exclude the amortisation of acquisition intangibles, Touchpaper gains and notional interest charge, was up eight per cent to 74.4 pence.

Throughout the year, Fidessa says it signed over 100 new clients and increased its market share and claims growth could have been at least seven per cent higher if not the continued fall out from the financial crisis.

Chris Aspinwall, CEO, Fidessa, says: "Looking ahead, we believe our markets will remain difficult for some time to come, although we believe there will still be growth opportunities. In particular we are already seeing an increase in the level of consultancy we are providing, which is often a lead indicator, and we have a sound sales pipeline coming into 2011. As a result, we believe that the strength of our business will enable us to deliver further good growth in 2011, with this growth likely to be at similar levels to that which we have seen during 2010."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

21 January, 2011
26 October, 2010
15 February, 2010
27 April, 2009
16 February, 2009
20 October, 2008
04 August, 2008

Related company news


Related company information

Fidessa group
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
MIT to run fintech degree course
9269 views comments | 36 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
8219 views comments | 18 tweets | 21 linkedin
UK banks hardest hit by non-bank money tra...
8125 views comments | 29 tweets | 31 linkedin
Apple Pay users given a free ride in Londo...
7985 views comments | 21 tweets | 29 linkedin
BBVA buys 29.5% stake in Atom for £45...
7322 views comments | 33 tweets | 41 linkedin

Featured job

Competitive Package
New York City, NY. USA

Find your next job