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