Image – firstderivatives.com
First Derivatives (FD) made an announcement regarding its preliminary financial results for entire year that ended on February 28, 2019. The consulting firm and software provider to trading companies noted an uptick in key financial areas and metrics, with most of the double digit rises in profits and revenue.
FD acquired total revenue of £217.4 million in the full year ending on February 28, 2019. This shows an increase of 16.8% in the year-on-year comparison to £186.0 million in the previous year.
Revenue from First Derivatives’ software license went up by 28% during the Q1 ending February 28, 2019. Chairman of FD on the latest financials, Seamus Keating said that the Customers across a wide range of end-markets are waking to the transformative power of Kx technology to unlock data, drive value and secure their own long-term success.