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

© 2018 Kx Systems
Kx® and kdb+ are registered trademarks of Kx Systems, Inc., a subsidiary of First Derivatives plc.


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.

Kdb+ powers trading platform for BitMEX high-frequency Bitcoin exchange

29 Jun 2017 | , , , ,

LONDON/PALO ALTO, CA (29th June 2017) – Kx Systems, a subsidiary of First Derivatives plc (FD), and provider of the industry-leading kdb+ time series database, announces that Bitcoin Mercantile Exchange (BitMEX), a cryptocurrency derivatives exchange, has expanded its use of kdb+ within its trading platform. Kdb+ is widely used in the financial services industry to […]

Kx parent First Derivatives, announces preliminary results for the year ended 28th Feb 2017

16 May 2017 | , , , ,

FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the year ended 28 February 2017. Strong growth in software revenue, up 47% as a result of new contract wins and continued penetration of the existing customer base. Our Software division, branded as Kx technology, grew by 47% powered by 55% growth in FinTech and 39% growth in MarTech, where our offering is delivering on early potential