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: In data we trust – How to ensure high quality data to power AI

Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and empower multiple use cases. Some are further than others along the path to achieving...

BLOG

Data Seen as Solution to Weathering Climate Stress

Recent stress tests of European financial institutions’ resilience to climate change have underlined the importance that high-quality data will play in fortifying banks, insurers and other organisations against the risk of transition and environmental losses. The region’s three financial regulators and the European Central Bank said that the results of their one-off “Fit-for-55” analysis found...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...