Fidessa registers 7% YoY rise in revenues in 2015

Provider of trading, investment and information solutions to the financial industry Fidessa Group plc (LON:FDSA) has earlier today reported its preliminary financial metrics for the full year to December 31, 2015, with earnings and revenues staging a rise on an annual basis in the face of volatile conditions in financial markets.

Fidessa reported 2015 profits attributable to owners of the company of £29.52 million ($42.9 million), up 1.3% from 2014 levels.

Operating profit was virtually unchanged from 2014 at £38.8 million.

Diluted earnings per share rose 1% year on year to 76.5p.

The company declared a final dividend of 25.4p per share.

Revenues for 2015 amounted to £295.5 million, up 7% from the result of £275 million registered in 2014. In constant currency terms, the rise was 4%.

The ongoing revenue for the derivatives business was £20.4 million or 8% of recurring revenue in the year, up from a share of 7% of recurring revenue in 2014.

Across regions, 61% of total revenue came outside of Europe. The Americas grew 12% on a reported basis (6% in constant currencies) and was the largest region accounting for 42% of total revenue. Revenues from Asia grew 16% on a reported basis (12% in constant currencies) and accounted for 19% of total revenue. Revenues from Europe decreased 1% and accounted for 39% of total revenue.

  • Outlook for 2016

“The closures and consolidations Fidessa has seen within its customer base during 2015 mean that it is anticipating a higher level of headwind in 2016, and while it expects to see some further closures and consolidations during 2016, Fidessa believes this will reduce as markets stabilise. Despite the increased headwind, Fidessa still expects 2016 constant currency growth to be at a similar level to that which it has seen in 2015 with good single-digit growth in its core equities business and continued double-digit growth in recurring derivatives revenues.”


You can view Fidessa’s full financial report by clicking here.

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