First Derivatives PLC AGM Statement (3106S)
08 Luglio 2020 - 08:00AM
UK Regulatory
TIDMFDP
RNS Number : 3106S
First Derivatives PLC
08 July 2020
8 July 2020
First Derivatives plc
("FD" or the "Group")
AGM Statement
FD (AIM: FDP.L, Euronext Growth: FDP.I) issues the following
statement ahead of its Annual General Meeting which will take place
at 2.30pm today. The statement provides an update on the Group's
progress in the current financial year for the four months ending
30 June 2020.
Total revenue was 6% ahead of the prior year period, reflecting
the Group's resilience during a period impacted by COVID-19 across
our operations. Managed services and consulting revenue was up 2%
on the prior year period as we continued to benefit from the high
visibility and repeat nature of our client engagements. As expected
there has been some deferral of new project engagements, the
financial impact of which to date has been partially mitigated by
lower recruitment and cost management.
Software revenue increased by 8%, led by growth in recurring
license and subscription revenue. This was offset by a small
decline in perpetual license revenue as new software sales continue
to take longer to close in the current climate.
Cash generation during the period was in line with
expectations.
The Board continues to believe that it is still too soon to
determine the likely outcome for the full year but is encouraged by
performance to date and will continue to invest to deliver against
the market opportunity. The Group remains strategically well placed
and we are encouraged by the growing demand for Kx streaming
analytics from potential customers and partners.
Further updates will be provided as the year progresses.
Enquiries
For further information please contact:
First Derivatives plc +44(0)28 3025 2242
Seamus Keating, Chief Executive Officer www.firstderivatives.com
Graham Ferguson, Chief Financial Officer
Ian Mitchell, Head of Investor Relations
Investec Bank plc (Nominated Adviser
and Broker)
Andrew Pinder
Carlton Nelson
Sebastian Lawrence +44 (0) 20 7597 5970
Goodbody (Euronext Growth Adviser and
Broker)
David Kearney
Don Harrington
Finbarr Griffin +353 (0)1 667 0420
FTI Consulting
Matt Dixon
Dwight Burden
Darius Alexander +44 (0) 20 3727 1000
About FD
FD is a global technology provider with more than 20 years of
experience working with some of the world's largest finance,
technology, automotive, manufacturing and energy institutions. The
Group's Kx technology, incorporating the kdb+ time-series database,
is a leader in high-performance, in-memory computing, streaming
analytics and operational intelligence. Kx delivers the best
possible performance and flexibility for high-volume,
data-intensive analytics and applications across multiple
industries. FD operates from 15 offices across Europe, North
America and Asia Pacific, including its headquarters in Newry, and
employs more than 2,400 people worldwide.
For further information, please visit www.firstderivatives.com
and www.kx.com
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END
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