First Derivatives is engaged in the provision of a range of support services to the investment bank market, the derivatives technology industry and the provision of its own range of e-business applications. The Company operates two divisions: consultancy division, which provides services to capital markets, and software division, which develops and has an interest in intellectual property and provides related services.
First Derivatives is listed on the AIM market delivering year on year growth since floating in March 2002. First Derivatives has also been listed on ESM since June 2007

http://www.firstderivatives.com/index.html

10 Sep Goodbody N/A Buy

Notice of Results and Trading Update
RNS
RNS Number : 5936C
First Derivatives PLC
19 October 2015





First Derivatives plc

("FD" or the "Group")



Notice of Results and Trading Update



FD (AIM: FDP.L, ESM: FDP.I), a leading provider of software and consulting services, announces trading in the first half of its financial year has been strong, with both revenue and EBITDA significantly ahead of the prior year. As a result, the Group's full year performance is expected to be in line with current market forecasts. Interim results will be published on 11 November 2015.



In addition the Group also announces that it has received $6.5m (£4.2m) net of tax in respect of a shareholding in 1010data, following that company's recent acquisition by Advance/Newhouse. The Group's shareholding arose from a license agreement for kdb which is used in 1010data's software platform which serves customers in retail, manufacturing, telecoms and financial services. It was acquired by Advance/Newhouse, an affiliate of U.S media company Advance Publications, in August 2015 for $500m. The proceeds affect the fair value of the acquisition of Kx within the balance sheet.



Brian Conlon, Chief Executive Officer of FD, commented: "Following the acquisition of Kx Systems in October 2014 the Group has continued to work towards maximising the opportunities this transformational deal has provided. As well as strengthening our position within capital markets we are making good progress in new markets and 1010data's use of kdb highlights the potential in sectors such as manufacturing and telecoms. We remain focused on delivering strong, profitable growth while investing in FD's future."

19 Oct Goodbody N/A Buy
19 Oct Investec 1,700.00 Buy

Best-aim-companies-2016-named

AIM company of the year
The candidates are Fevertree Drinks, software and consultancy services provider First Derivatives (FDP), document storage services provider Restore (RST) and replacement windows supplier Safestyle UK (SFE).
Safestyle and Fevertree have won the best newcomer award in the past two years and that can be an indication that they have a good chance. Safestyle recently reported strong results in a relatively tough period for the replacement windows market and it believes that it is winning market share. Strongly cash generative, Safestyle is investing in additional capacity.
Restore has successfully built up its document storage operations over the past decade (see Best use of AIM).
Software and consultancy firm First Derivatives has an impressive record of profit and dividend growth and this is reflected in the share price performance. Management is diversifying the client base away from the financial services sector by using its software in additional areas. The long-term track record could give the Northern Ireland-based First Derivatives the edge.
Best guess: First Derivatives

Half Yearly Report
RNS
RNS Number : 9280N
First Derivatives PLC
01 November 2016
 
 
1 November 2016
First Derivatives plc
("FD", the "Company" or the "Group")
Interim results for the six months ended 31 August 2016
 
FD (AIM:FDP.L, ESM:FDP.I) announces its results for the six months ended 31 August 2016.
 
Financial highlights
·    Revenue £72.4m (H1 2016: £53.8m)
+34%
·    Adjusted* EBITDA £13.6m (H1 2016: £10.8m)
+26%
·    Profit before tax £7.0m (H1 2016: £4.6m)
+52%
·    Adjusted** profit before tax £10.1m (H1 2016: £7.6m)
+33%
·    Reported diluted EPS 19.4p (H1 2016: 13.9p)
+39%
·    Adjusted** diluted EPS 29.0p (H1 2016: 23.9p)
+21%
·    Interim dividend 6.0p per share (H1 2016: 5.0p)
+20%
·    Net debt £16.3m (FY 2016: £15.1m)

 
*Adjusted for share-based payments and acquisition costs.
**Adjusted for amortisation of acquired intangible assets, share-based payments, acquisition costs, foreign currency translation income (and associated taxation impact for EPS). 
 
Business highlights
·     Strong growth across key industry segments contributing to overall growth of 34%.
·     Managed services and consulting ("consulting") revenue growth of 21% to £43.0m, driven by full year impact of increased consultant numbers and a number of managed services contract wins.
·     Software revenue growth of 60% to £29.4m, with recurring license revenue up 45% to £13.6m.
·     Further investment across the business, including a number of key strategic appointments, in response to market opportunities.
·     Marketing of software under the Kx brand well received assisting in strengthening market awareness.
·     Building momentum across the Group's activities with a strong pipeline of opportunities in multiple industry segments.
 
 
Seamus Keating, Chairman of FD, commented: "We are pleased to report another period of strong growth for the first half of the Group's financial year. We delivered on our strategy in a number of important areas; winning larger, multi-year contracts in managed services and consulting, extending the capabilities of our software and, through additional investment in sales, marketing and people, laying the foundations for further growth.
 
We have made significant progress in extending our reach beyond financial services, deploying the proven strengths of our Kx software assets. The second half has started positively and the high visibility within both consulting and software gives the Board confidence in a continued strong performance for the full year."

1 Nov
N+1 Singer
2,452.00
Buy

1 Nov
Goodbody
N/A
Buy

11:50 08/02/2017
Broker Forecast - N+1 Singer issues a broker note on First Derivatives PLC

N+1 Singer today reaffirms its buy investment rating on First Derivatives PLC (LON:FDP) and raised its price target to 2716p (from 2452p). Story provided by StockMarketWire.com

24 Oct
Berenberg
4,100.00
Buy

First Derivatives PLC (FDP:LSE) set a new 52-week high during today's trading session when it reached 3,645.00. Over this period, the share price is up 84.56%.

Half Yearly Report
RNS
RNS Number : 7177V
First Derivatives PLC
07 November 2017
 
 
7 November 2017
First Derivatives plc
("FD", the "Company" or the "Group")
Interim results for the six months ended 31 August 2017
 
FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the six months ended 31 August 2017. 
Financial Highlights
Revenue £87.8m (H1 2017: £72.4m)
+21%
Adjusted EBITDA* £16.1m (H1 2017: £13.6m)
+19%
Adjusted** profit before tax £11.4m (H1 2017: £10.1m)
+13%
Profit before tax*** £6.3m (H1 2017: £7.0m)
-10%
Adjusted** fully diluted EPS 34.4p (H1 2017: 29.0p)
+19%
Interim dividend 7.0p per share (H1 2017: 6.0p)
+17%
Net debt £13.1m (FY 2017: £13.5m)

Business Highlights
-      Strong growth in software revenue, up by 32% to £52.2m (H1 2017:£39.5m), with recurring software revenue up by 44% to £19.6m (H1 2017: £13.6m)
-      Strong demand and strategic progression in Managed Services and Consulting with revenue growth of 8% to £35.6m (H1 2017: £32.9m)
-      FinTech revenue up 18% to £66.8m (H1 2017: £56.7m), driven by 32% increase in recurring software revenue within our global banking client base
-      MarTech revenue up 30% to £18.3m (H1 2017: £14.1m), with growth accelerating in the second quarter following the launch of the latest version of our predictive analytics platform
-      Signed initial contracts in multiple new sectors including sensor data management, telecoms, healthcare and retail
-      Hired 386 graduates calendar year-to-date to assist in the delivery of growth across the Group, up 66% on the same period last year
-      Post period end, announced major investment in Kx to put machine learning at the heart of future R&D developments, strengthening Kx's competitive position and opening up new markets
-      Strong pipeline and positive start to the second half of the financial year, with full year financial performance expected to be slightly ahead of the Board's expectations.
*Adjusted for share based payments and acquisition costs
**Adjusted for amortisation of acquired intangibles, share based payments, acquisition costs, finance translation income/charges (and exceptional taxation for EPS)
***Includes foreign currency translation loss and deferred consideration on prior acquisitions

First Derivatives PLC (FDP:LSE) set a new 52-week high during today's trading session when it reached 4,130.00. Over this period, the share price is up 94.58%.

Contract Win in Gaming
RNS
RNS Number : 3219F
First Derivatives PLC
20 February 2018

20 February 2018

First Derivatives plc
("FD" or the "Group")

Contract Win in Gaming

FD (AIM:FDP.L, ESM:FDP.I) announces that it has signed a contract with a FTSE 100 gaming company for the use of Kx technology to provide data analytics services. The contract win follows a successful proof of concept in which Kx provided operational intelligence that demonstrated a compelling return on investment versus traditional database solutions and open source alternatives. The customer is one of the world's leading sports betting and gaming operators with over four million customers globally and processes billions of transactions per day.

According to industry analysts Global Markets Insights, the retail analytics markets will surpass $13 billion by 2024. In attacking these markets, Kx will target potential customers including gaming, retail and airline and e-Commerce giants to address opportunities around customer yield, customer churn and pricing analysis.

Brian Conlon, Chief Executive Officer of Kx, commented: "This contract win is a powerful endorsement of our technology and we are very excited to work in partnership with this leading gaming company to help them to develop real-time insights across their activities. This win further demonstrates the flexibility of our horizontal technology which is being used across many industries in a variety of areas such as real-time analytics, Industrial IoT, cybersecurity and Artificial Intelligence."

Trading update and Notice of Results
RNS
RNS Number : 9955L
First Derivatives PLC
25 April 2018

25 April 2018

First Derivatives plc
("FD" or the "Group")

Trading update and Notice of Results

FD (AIM:FDP.L, ESM:FDP.I) announces that it has continued to trade strongly in the second half of the financial year ended 28 February 2018. As a result, the Board now expects to report a financial performance slightly ahead of the current consensus forecasts of £180.2m of revenue and £32.9m of adjusted EBITDA.

The Group has also completed its analysis of the impact of the US Tax Cuts and Jobs Act, which has resulted in a reduction in the US Federal corporate income tax rate from 35 per cent to 21 per cent. The US tax reform is expected to benefit the Group through an ongoing reduction in the Group's effective tax rate of 4-6%, in our preliminary view.

Full year results will be reported on 22 May. A briefing for analysts will be held at 9.30am on the day at the offices of FTI Consulting, 200 Aldersgate, London EC1A 4HD.

Kx provides rapid access to unstructured data
RNS
RNS Number : 3513O
First Derivatives PLC
17 May 2018

17 May 2018

First Derivatives plc
("FD" or the "Group")

Kx provides rapid access to unstructured data

FD (AIM:FDP.L, ESM:FDP.I) announces that its Kx technology, a world leader in time-series analytics for streaming, real-time and historical data, now supports rapid access to unstructured data with the release today of kdb+ 3.6, the latest version of its database and analytics technology.

The rapid analysis of unstructured data is essential in many industries. With kdb+ 3.6, Kx has enhanced the developer's ability to manipulate vast amounts of unstructured data. In particular, the new 'anymap' capability allows developers to query unstructured data held in kdb+ much more rapidly. This makes it easier to combine structured and unstructured data within a kdb+ database and analyze them both with the record-breaking speed that kdb+ is known for.

Kdb+ 3.6 also has a number of new features that make it even faster including: (i) JSON support as a primitive feature in the language, which results in a speedup of at least 10x; (ii) adding a new compression algorithm to the existing list and (iii) improvements to speed of GUID lookups. To improve the efficiency and flexibility of distributed queries, kdb+ 3.6 has also added deferred response to synchronized messages.

The latest version enhances Kx's recently-launched on-demand offering, a subscription-based version of kdb+ with a flexible pricing model that expands the availability and appeal of kdb+ for a much wider universe of use-cases. Kdb+ on-demand makes massively-parallel application architectures more accessible to developers, putting more compute power at their fingertips. Kdb+ 3.6 builds on that by expanding the tool kit available for those programmers who are building ever larger systems.

Simon Garland, Chief Customer Officer of Kx, commented: "Anymap makes it very easy for developers to work with both structured and unstructured data. Version 3.6, combined with our on-demand offering, makes it easier than ever for developers to deploy many more cores for short periods of intensive computation and only pay for what they use. Together they give technologists access to new application design and architecture possibilities. These capabilities continue Kx's tradition of providing simple, elegant solutions to large and complex data problems."

Preliminary results for the year ended 28 Feb 2018
RNS
RNS Number : 8036O
First Derivatives PLC
22 May 2018

22 May 2018
First Derivatives plc
("FD", the "Company" or the "Group")
Preliminary results for the year ended 28 February 2018
FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the year ended 28 February 2018.
Financial Highlights
Revenue £186.0m (2017: £151.7m)
+23%
Adjusted EBITDA* £34.1m (2017: £28.8m)
+19%
Profit before tax £12.1m (2017: £12.5m)
-3%
Adjusted** profit after tax £19.5m (2017: £16.1m)
+21%
Adjusted** fully diluted EPS 72.2p (2017: 61.3p)
+18%
Full year dividend 24.0p per share (2017: 20.0p)
+20%
Net debt £16.2m (2017: £13.5m)

*Adjusted for share-based payments and acquisition costs
**Adjusted for amortisation of acquired intangibles, share-based payments, acquisition costs, foreign currency translation effect, share of loss of associate and exceptional taxation

Business Highlights
- Strong growth in software revenue, up 27% as a result of new contract wins and continued penetration of the existing customer base
- Strategic progression in our managed services and consulting activities resulting in revenue growth of 17%
- The implementation and ongoing support of a third-party system for a New York-based bank, representing one of the largest contracts in our history
- FinTech revenue up 22% to £142.9m (2017: £117.4m), driven by growth in recurring software revenue and an expansion of services provided to clients
- MarTech revenue up 24% to £38.2m (2017: £30.7m), driven by growth in subscriptions for our Marketing Cloud platform, powered by our Kx technology
- High-profile client wins including a Fortune 500 manufacturing company, a FTSE 100 gaming company and Aston Martin-Red Bull Racing, leading to inbound interest across a range of markets
- Continued investment across the Group, including machine learning and AI initiatives, to further penetrate our addressable market in software
- Boosted capabilities in telco, a key target market, through the acquisition of Telconomics
- Positive start to the current financial year, with a healthy pipeline of new business opportunities.

Seamus Keating, Chairman of FD, commented: "This has been another year where we have combined organic growth with selective investment in the business to realise the enormous market opportunity available to First Derivatives. Prompted by strong demand from our clients, we have continued to penetrate our markets enabling us to deliver our 21st consecutive year of double-digit revenue growth.

Our ability to capitalise on the investments we have made and the scale of our addressable software market provides us the potential for continued strong growth in future years. While we will continue to invest to stay at the forefront of our field, much has already been done to support our ambitious plans and our current structure is sufficient to achieve significant growth. Recognising that success always requires focus and effort, we nevertheless look to the future with confidence."

08:00 27/06/2018
Broker Forecast - Liberum Capital issues a broker note on First Derivatives PLC
Liberum Capital today initiates coverage of First Derivatives PLC (LON:FDP) with a buy investment rating and price target of 5300p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

FD to buy out minority Kx Systems shareholders
RNS
RNS Number : 1637T
First Derivatives PLC
02 July 2018

2 July 2018

First Derivatives plc
("FD" or the "Group")

FD to buy out minority Kx Systems shareholders

FD (AIM:FDP.L, ESM:FDP.I) announces that it has reached agreement with the minority shareholders of Kx Systems, Inc. ("Kx Systems"), a subsidiary of the Group, regarding the acquisition by FD of their entire remaining shareholding (the 'Transaction'). Upon completion of the Transaction, which is expected to take place on or before 29 June 2019, FD will own 100% of the issued share capital of Kx Systems.

Terms of the Transaction

FD has agreed to acquire the remaining 600,022 Kx Systems shares that it doesn't already own from the minority shareholders, namely Arthur Whitney and Janet Lustgarten, who are co-founders and current directors of Kx Systems, and their associated persons. The aggregate consideration is $53.8m in cash, to be financed from FD's available facilities. The terms of the transaction are in line with those agreed between FD and the minority shareholders in October 2014, and include a payment of $12.0m in lieu of anticipated dividends to the minority shareholders for the period up to 31 October 2021.

Brian Conlon, Chief Executive Officer of FD, commented: "Since we acquired a controlling interest in Kx Systems in October 2014 we have invested heavily across our business to target multiple new industries. The agreement to acquire 100% of Kx Systems provides certainty for the Group and its shareholders as we seek to realise the considerable potential we see for further growth."

First Derivatives wins European energy market contract
StockMarketWire.com
First Derivatives said Monday it had secured, together with its partner CGI, a contract to deliver a next-generation electricity information exchange for Fingrid, the transmission system operator for Finland.

Under the deal, First Derivatives' Kx technology would provide key functionality for the new system, known as Datahub, and would be integrated with CGI's Central Markets System (CMS) to deliver a centralised information exchange for retail markets.

Datahub would simplify, speed up and enhance the efficiency of the data exchange required by the retail electricity market, First Derivatives said.

At 10:19am: (LON:FDP) First Derivatives PLC share price was +45p at 4245p


Story provided by StockMarketWire.com

16 Jul
Shore Capital
4,200.00
Buy
16 Jul
Liberum Capital
5,300.00
Buy

Interim results

Business Highlights
· Strong growth in software revenue, up 21%, with license revenue up 39% driven by increased demand for Kx technology across our client base
· Continued strong demand within our managed services and consulting activities resulting in revenue growth of 19%
· Accelerated investment across the business in R&D, sales and marketing and software delivery in response to growth in the Kx sales pipeline across multiple industries
· FinTech revenue up 24% to £82.7m (H1 2018: £66.8m), driven by growth in software revenue and an expansion of services provided to clients
· MarTech revenue up 8% to £19.8m (H1 2018: £18.3m), driven by 42% growth in subscriptions for our Marketing Cloud platform, powered by Kx
· Line of business gross profit reported for the first time, with the highlights being an increase in software license gross margin to 84% (H1 2018: 76%) and a 31% increase in total software gross profit to £34.7m (H1 2018: £26.6m)
· High-profile new client wins including Fingrid, the Canadian Securities Administrators and, post the period end, BISTel and Survalent
· Increased our addressable market following the launch of kdb+ 3.6, which supports rapid analysis of unstructured data, and integration with Python, the most widely used AI programming language
· Agreement to acquire the minority shareholdings in Kx Systems, taking 100% ownership by end June 2019