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Back to all First Derivatives plc announcements

First Derivatives Final Results

First Derivatives (AIM: FDP.L, IEX: GYQ.I), a leading provider of software and support services to the financial services and technology industries, today announces its results for the twelve months ended 28 February 2010.

Financial Highlights

- Turnover £25.476m (2009:£17.548m) +45%
- EBITDA £7.247m (2009:£6.447m) +12%
- Pre-tax profit £5.645m (2009: £4.461m) +27%
- Diluted Earnings per share 25.8p (2009:22.2p) +16%
- Net Assets £16.310m (2009: £11.271m) +45%
- Final dividend 2.75p which together with the interim dividends of 6.75p amounts to 9.5p for year (2009: final dividend 9.0p) +6%

Business Highlights

- Trading performance remains robust in all divisions
- Increase in Consulting activity
- Further uplift in Delta software sales
- Acquisition of Hologram in Australia
- Increase in stake in Kx to 20%
- Acquisition of Reference Data Factory in the USA
- Acquisition of Dublin based Cognotec

David Anderson, Chairman of First Derivatives commented:

“The substantial investment into First Derivatives coupled with acquisitions made during the year have increased our global coverage and extended our range of Delta software products. We are continuing to make a substantial investment in the development of the Group to ensure it is positioned for both short and long term benefits to shareholders. We have made a strong start to the current year and expect to be able to report further progress in the year to 28 February 2011.”