Interim Results announced

7 Nov 2017 | , ,
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FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the six months ended 31 August 2017.

Financial Highlights

Revenue £87.8m (H1 2017: £72.4m)+21%
Adjusted EBITDA* £16.1m (H1 2017: £13.6m)+19%
Adjusted** profit before tax £11.4m (H1 2017: £10.1m)+13%
Profit before tax*** £6.3m (H1 2017: £7.0m)-10%
Adjusted** fully diluted EPS 34.4p (H1 2017: 29.0p)+19%
Interim dividend 7.0p per share (H1 2017: 6.0p)+17%
Net debt £13.1m (FY 2017: £13.5m) 

Business Highlights

  • Strong growth in software revenue, up by 32% to £52.2m (H1 2017:£39.5m), with recurring software revenue up by 44% to £19.6m (H1 2017: £13.6m)
  • Strong demand and strategic progression in Managed Services and Consulting with revenue growth of 8% to £35.6m (H1 2017: £32.9m)
  • FinTech revenue up 18% to £66.8m (H1 2017: £56.7m), driven by 32% increase in recurring software revenue within our global banking client base
  • MarTech revenue up 30% to £18.3m (H1 2017: £14.1m), with growth accelerating in the second quarter following the launch of the latest version of our predictive analytics platform
  • Signed initial contracts in multiple new sectors including sensor data management, telecoms, healthcare and retail
  • Hired 386 graduates calendar year-to-date to assist in the delivery of growth across the Group, up 66% on the same period last year
  • Post period end, announced major investment in Kx to put machine learning at the heart of future R&D developments, strengthening Kx’s competitive position and opening up new markets
  • Strong pipeline and positive start to the second half of the financial year, with full year financial performance expected to be slightly ahead of the Board’s expectations.

*Adjusted for share based payments and acquisition costs

**Adjusted for amortisation of acquired intangibles, share based payments, acquisition costs, finance translation income/charges (and exceptional taxation for EPS)

***Includes foreign currency translation loss and deferred consideration on prior acquisitions

Click here to read the full press release



FD to buy out minority Kx Systems shareholders

2 Jul 2018 | , ,

FD (AIM:FDP.L, ESM:FDP.I) announces that it has reached agreement with the minority shareholders of Kx Systems, Inc. (“Kx Systems”), a subsidiary of the Group, regarding the acquisition by FD of their entire remaining shareholding (the ‘Transaction’). Upon completion of the Transaction, which is expected to take place on or before 29 June 2019, FD will own 100% […]

Preliminary results for the year ended 28 February 2018

Preliminary results for the year ended 28 February 2018

22 May 2018 | ,

FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the year ended 28 February 2018. Financial Highlights Revenue £186.0m (2017: £151.7m) +23% Adjusted EBITDA* £34.1m (2017: £28.8m) +19% Profit before tax £12.1m (2017: £12.5m) -3% Adjusted** profit after tax £19.5m (2017: £16.1m) +21% Adjusted** fully diluted EPS 72.2p (2017: 61.3p) +18% Full year dividend 24.0p per […]

UK Tech Company of the Year 2017 award won by Kx parent FD

2 Nov 2017 | , ,

Kx is pleased to announce that its parent company, First Derivatives plc (FD), won the top UK Tech Company award at the UK Tech Awards 2017 gala on 2 November 2017.
The annual UK tech awards “celebrate success, reward achievement and raise the profile of the UK tech community.  Companies which are eligible for the awards include not only publicly quoted technology companies on the London Stock Exchange’s Main Market, but also AIM tech companies and fast growing and innovative private tech companies,” according to the awards group.