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

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