First Derivatives registers 40.6% Y/Y jump in revenues in FY 2016

Financial technology provider First Derivatives plc (LON:FDP) has just posted its financial metrics for the full year to February 29, 2016, with revenues showing a solid rise from a year earlier thanks to strategic acquisitions and robust performance of software and consulting businesses.

In the year to February 29, 2016, First Derivatives registered an increase of £33.8 million (40.6%) in revenues, which reached £117 million, with organic growth of 27% and the remainder attributable to the strategic acquisitions made during the year. Consulting revenue rose by £16.7 million (28.6%) and software revenue rose by £17.1 million (68.7%).

The Group’s EBITDA margin increased to 19.9% for the period (2015: 18.6%) on the back of the greater proportion of higher margin software sales achieved in the period against consulting sales.

Adjusted profit after tax for the year was £12.9 million (2015: £8.7m), marking a growth of 48%.

First Derivatives kept investing in R&D, with £6.8 million (2015: £6.6m) of R&D spend capitalised during the year.

The company also noted the strategic acquisitions of Affinity Systems and ActivateClients enabling it to expand its software revenues beyond capital markets.


You can view the full announcement from First Derivatives by clicking here.

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