Diversification is key

First Derivatives Business Diversification Bodes Well for Fiscal 2016

The company reported its preliminary earnings figures for the year ending on February 28, 2015, with revenues rising 19%

One of the leading providers of software and consultation services for the financial industry, First Derivatives PLC, has announced its preliminary results for the fiscal year ending on February 28th, 2015.

The company reported that its revenues have increased by 19 percent to £83.2 million ($126.6 million). Increased margins from the company’s operations have contributed to a rise in EBITDA totaling 24 percent ending up at £15.5 million ($23.6 million). Profit before tax has increased by 120% year-on-year to £17.5 million ($26.6 million).

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The adjusted EPS per share totaled 38.8 pence, which is higher by 13 percent when compared to fiscal 2014. The full year dividend has also increased to 13.5p per share, which is up by 11 percent when compared to the previous year.

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The preliminary report highlights observations over the past several months in the strategic divestment undertaken by First Derivatives PLC. The majority stake purchase in Kx Systems has expanded the operations of the company into the big data space.

Earlier, the firm announced the acquisition of Prelytix LLC, which was leading the efforts into marketing technology.

Chairman of FD, Seamus Keating, commented in the announcement, “This was a very successful year for FD, with the purchase of a majority stake in Kx Systems enabling the Group to broaden its strategy. The subsequent investment across the business, including three strategic acquisitions in 2015, positions FD as a leading player in Big Fast Data across multiple vertical markets.”

“This has been achieved while maintaining a strong focus on current trading, with a strong second half performance from both our consulting and software activities enabling the Group to report record results for FY 2015 and upgrade expectations for the current financial year. We will continue to invest to maximize the growth potential of the business and view the future with confidence,” he concluded.

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