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


First Derivatives Preliminary results for the year ended 28 February 2019

21 May 2019 | ,

FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its audited results for the year ended 28 February 2019. Financial Highlights Year to 28 February 2019 2018 Change Revenue £217.4m £186.0m +17% Gross profit £91.3m £78.5m +16% Adjusted EBITDA* £38.9m £34.1m +14% Profit** before tax £16.7m £12.1m +38% Adjusted*** profit after tax £22.9m £19.5m +17% Adjusted*** […]

Kx parent, First Derivatives announces Interim Results

Interim Results announced

6 Nov 2018 | , , ,

First Derivatives today announces its unaudited results for the six months ended 31 August 2018. Strong growth in software revenue, up 21%, with license revenue up 39% driven by increased demand for Kx technology across our client base. Continued strong demand within our managed services and consulting activities resulting in revenue growth of 19%. Accelerated investment across the business in R&D, sales and marketing and software delivery in response to growth in the Kx sales pipeline across multiple industries.