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

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