19 July 2018
Visit www.gemalto.com

First Derivatives posts revenue rise

17 May 2016  |  1347 views  |  0 Source: FD

FD (AIM:FDP.L, ESM:FDP.I), a provider of software and consulting services, announces its Full Year Results for the 12 months ended 29 February 2016.

 Business Highlights

  • Consulting revenue up 29% to £75.0m (2015: £58.3m), driven by high levels of repeat revenue and a number of new multi-year assignments within large investment banks.
  • Software revenue up 69% (organic: 27%) to £42.0m (2015: £24.9m), driven by a record number of software wins during the year. These included a number of flagship wins across our range of capital markets products, the full financial benefit of which will be felt in the current financial year.
  • Further investment in the business, as FD gears up to deliver continued high levels of growth in revenue in both software and consulting.
  • Strategic acquisitions of Affinity Systems and ActivateClients enabling the Group to expand its software revenues beyond capital markets.
  • Board strengthened through the appointments of Virginia Gambale and Jon Robson.
  • Strong start to the current financial year.

Seamus Keating, Chairman of FD, commented: “This was another successful period for FD, with progress across the Group resulting in record results and positioning us strongly for future years. In consulting we are becomingly involved in client projects earlier and in a more strategic way, leading to deeper relationships and enabling us to maintain our high level of revenue visibility as we scale up. In software, technology trends continue to move in favour of our Kx technology platform, which is world leading in its big fast data capabilities. Software contract wins in capital markets accelerated through the year, driven by strong feedback from reference clients and our ability to assist our clients to address issues such as compliance and regulation. We are also pleased with developments in other markets for our software and in particular utilities and digital marketing, where we are already generating revenue. We expect another year of strong growth, at least in line with market forecasts, while continuing to invest for growth in the future.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
10620 views comments | 4 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9845 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9438 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8772 views 19 comments | 14 tweets | 30 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
8097 views comments | 1 tweets | 5 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job