Trading Update

RNS Number : 1785D

First Derivatives PLC

26 March 2014

 



First Derivatives plc

("First Derivatives" or the "Company")

Trading Update

First Derivatives (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services to the capital markets industry, announces  that the significant growth in revenue and profitability which the Company reported in the first six months was maintained into the second half. 

Investment has been maintained in sales training and infrastructure to support further growth across the global markets that the Company now serves both in the current year and beyond. First Derivatives now employs over 900 staff across 10 offices located in the cities of each of the major world financial markets. 

As a result the Board confirms that results for the year to 28 February 2014 are expected to be broadly in line with current market expectations.

Prospects for the business remain very positive and the Company has made an encouraging start to the new financial year.

Enquiries:

First Derivatives plc Brian Conlon, Chief Executive Officer Graham Ferguson, Finance Director	[phone] www.firstderivatives.com
Charles Stanley Securities (Nominated Adviser& Broker) Russell Cook Carl Holmes	[phone]
Goodbody Corporate Finance (ESM Adviser) Finbarr Griffin	[phone]
Goodbody Stockbrokers (Broker) Linda Hickey
Walbrook PR Bob Huxford Helen Cresswell	[phone] [e-mail] [e-mail]

About First Derivatives

First Derivatives is a global provider of software and consulting services to the financial services industry. With over 16 years' experience working with leading financial institutions, it continues to deliver technologically advanced, award winning products and services that anticipate and respond to the evolving needs of global capital markets. First Derivatives currently employs over 900 people worldwide and counts many of the world's top investment banks, brokers and hedge funds as its customers. It has operations in London, New York, Stockholm, Shanghai, Singapore, Toronto, Sydney, Dublin, Newry and Hong Kong.

 

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