Newry.ie

Newry company First Derivatives have published their full year results for year ending 28 February 2019 and they mark a 17% increase in revenue up to £217.4M. Gross Profit is also up by 16% to £91.3M.

Helping revenue software license income grew by 28% with FinTech revenue up 17% helped by new contract wins including the Canadian Securities Administrators, BitMEX and a major Japanese bank. MarTech revenue was also up 8%

First Derivatives
First Derivatives

High-profile new clients for FD include  Fingrid, BISTel and Survalent and significant contract expansion and appointment as Innovation Partner with Aston Martin Red Bull Racing. The company also enhanced their partnership and collaboration activity including with Amazon Web Services, Google, H20.ai and CGI.

Seamus Keating, Chairman of FD, commented: “We have delivered another year of strong growth while investing to scale our business and secure growth in new markets. Customers across a wide range of end-markets are waking to the transformative power of Kx technology to unlock data, drive value and secure their own long-term success. Our investment programme has helped to deliver a number of important new contract wins, as well as OEM and partnership agreements that will provide a solid platform for growth in the years to come. As we look ahead, we are excited by the growing pipeline of opportunity across our business and are confident of achieving another year of strong organic growth.”

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