First Derivatives upbeat on full year results

Wednesday 26 March 2014 07.49
First Derivatives now employs over 900 staff across 10 offices worldwide
First Derivatives now employs over 900 staff across 10 offices worldwide

Newry-based First Derivatives said that the "significant" growth in revenue and profitability which it reported in the first six months of its fiscal year was carried into the second half. 

The company sells software and provides consulting to the financial services industry.

First Derivatives said that investment has been maintained in sales training and infrastructure to support further growth across the markets that the company serves. 

It said it now employs over 900 staff across 10 offices located in the cities of each of the major world financial markets. 

In a trading update, the company said its results for the year to end of February are expected to be broadly in line with current market expectations.

"Prospects for the business remain very positive and the company has made an encouraging start to the new financial year," the trading statement added.