About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

First Derivatives Annual Results

Subscribe to our newsletter

First Derivatives, a leading provider of software and consulting services to industry global investment banks and hedge funds, today announces its results for the twelve months ended 28 February 2011.

Financial Highlights:

– Revenues increased by 44.2% to £36.740 million (2010: £25.476 million)

– EBITDA increased by 18.3% to £8.575 million (2010: £7.247 million)

– Pre-tax profits increased by 15.1% to £6.495 million compared to (2010: £5.645 million)

– Fully diluted earnings per share increased by 12.4% to 29.0p per share (2010: 25.8p)

– Net assets increased by 52% to £24.888 million (2010: £16.310 million)

– Final dividend of 7.25p per share, which together with interim dividend of 2.9p amounts to 10.15p for the year (2010: 9.5p)

Business Highlights:

Significant and ongoing investment into staff – headcount 524 at year end (2010 year end: 385)

– Strong performance across all divisions:

– Software sales increased by 104.3% to £12.511million (2010: £6.124 million)

– Consultancy sales increased by 25.2% to £24.229 million (2010: £19.352 million)

– 40 software clients now generating revenue

– Acquired LakeFront Data Ventures Inc. in August 2010 – this and all prior acquisitions now fully integrated

– Established SaaS offering with five data centers in UK, US and Ireland

– Secured £4.3 million commitment from Invest NI for creation of 359 new jobs over next three years

David Anderson, Chairman of First Derivatives commented: “We are continuing to make a substantial investment in the development of all the Group’s activities as we build a robust organisation with a strong asset base for growth. The past year has been one of further building and proving our software assets. Soft product launches will continue to occur in the first half of the current year and we expect to follow this with sustained marketing in the second half as we aim to capitalise on the investments made. We continue to have a strong pipeline of prospects and are pleased with how the Group is now positioned to further penetrate its target market. We have made a strong start to the current year and expect to be able to report further progress in the year to February 2012.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The challenges and potential of data marketplaces

Data is the lifeblood of capital markets. It is also a valuable commodity providing financial institutions with additional insight when gathered in an internal data marketplace, or packaged and sold externally to other institutions. While the theory is sound, the practice of setting up a data marketplace can be challenging. Internally, vast amounts of data...

BLOG

How to Harness the Value of Cloud for Scale and Agility

As financial services firms recognise the value of data and benefits of data-led processes, many are undergoing digital transformations that put data at the heart of their operations and decision making. For most, this is providing competitive edge as data, and the insights it brings, enrich decisions and improve productivity – but not all digital...

EVENT

Regulatory Reporting Briefing, London

RegTech Insight (from A-Team Group) is proud to announce the launch of its Regulatory Reporting Briefing taking place in London and focusing on: Preparing for the EMIR Re-Fit

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...