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

16 May 2017 | , , , ,
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From Chief Executive, Brian Conlon’s Statement

This has been another monumental year for FD, with revenue growth of 30%, reported profit before tax growth of 20% and adjusted EBITDA growth of 24% being delivered alongside an investment programme designed to bring our technology to new markets such as pharma, Internet of Things (“IOT”) and space.

Our Software division, branded as Kx technology (“Kx”), grew by 47% powered by 55% growth in FinTech and 39% growth in MarTech, where our offering is delivering on early potential. We are making substantial investments in R&D, marketing and direct and indirect sales channels in order to bring our technology to new markets. Recent announcements relating to strategic partnerships and contract wins are evidence that the power of Kx has applications beyond its Capital Market beginnings.

FD’s software, Kx, allows organisations to meet the most demanding data challenges they face.  In recent years, Kx has established a leading position within banks for market data capture and analytics with the Group now targeting a range of other markets and industries where it believes Kx will provide compelling return on investment. Our brand awareness has been significantly raised with a website revamp (www.kx.com) and our alignment with Porsche as a result of a 2 year sponsorship deal. Kx and Porsche are both premium brands associated with power, speed and precision engineering.

Our software solutions, for all end use cases, are based on a common technology platform, driven by a single R&D team and pooled 24/7 global support. This approach generates significant economies of scale, reduces time to market for new products and provides operational leverage given the low incremental cost of acquiring and supporting new customers. Our two key strategic goals for software are firstly to increase the use of Kx within financial services, building on the successful deployments of the technology to date; and secondly, use the Kx platform to enter additional markets where data challenges are increasing and existing solutions are unable to cope effectively.


Click here to read the full press release



FD to buy out minority Kx Systems shareholders

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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 […]


Interim Results announced

7 Nov 2017 | , ,

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