First Derivatives Preliminary results for the year ended 28 February 2019

21 May 2019 | ,
Share on:

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 February20192018Change
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*** fully diluted EPS83.2p72.2p+15%
Reported diluted EPS47.9p37.8p+27%
Full year dividend per share27.0p24.0p+13%
Net debt£16.5m£16.2m

*Adjusted for share-based payments and acquisition costs
**Includes foreign currency translation effect and deferred consideration on prior acquisitions
***Adjusted for amortisation of acquired intangibles, share-based payments, acquisition costs, foreign currency translation effect, share of loss on associate and exceptional taxation

Business Highlights

  • Revenue growth up 17% (2018: 23%) with software license revenue growing by 28% (2018: 25%)
  • FinTech revenue up 17% to £166.7m (2018: £142.9m), driven by an expansion of services provided to clients and new contract wins including the Canadian Securities Administrators, BitMEX and a major Japanese bank
  • MarTech revenue up 8% to £41.4m (2018: £38.2m), driven by 25% growth in subscriptions for our Marketing Cloud platform, powered by Kx
  • Revenue from other markets increased by 85% to £9.3m (2018: £5.0m), further evidencing the initial success of our strategy to penetrate high-value markets such as Industrial Internet of Things, automotive and precision manufacturing
  • High-profile new client wins across the business including Fingrid, BISTel and Survalent and significant contract expansion and appointment as Innovation Partner with Aston Martin Red Bull Racing
  • Enhanced partnership and collaboration activity including with Amazon Web Services, Google, and CGI
  • Agreement to acquire the minority shareholdings in Kx Systems, taking 100% ownership by 29 June 2019, funded by new financing facilities on improved terms
  • Strong momentum into new financial year combined with record pipeline provides confidence in continued organic growth.

Read the full press release here



First Derivatives plc appoints Kathy Schneider as Global Chief Marketing Officer

12 Mar 2020 | , ,

First Derivatives, a global software and consulting company, has appointed Kathy Schneider as Chief Marketing Officer reporting directly to Seamus Keating, First Derivatives’ Chief Executive Officer. Schneider will have global responsibility for First Derivatives’ marketing strategy, including brand, demand generation and communications. In this role, she will drive the company’s global go-to-market approach and brand […]

Interim Results announced

5 Nov 2019 | , , ,

FD (AIM: FDP.L, Euronext Growth: FDP.I) today announces its results for the six months ended 31 August 2019. Financial Highlights Six months to 31st August 2019 2018 Change Revenue £116.7m £105.6m +11% Gross profit £48.0m £43.9m +9% Adjusted EBITDA* £22.0m £18.1m +22% Profit before tax £8.4m £7.6m +12% Reported diluted EPS 24.2p 21.7p +11% Interim […]

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.