First Derivatives, the Newry based firm that sells software and consulting services to large banks to help them manage their risks, has seen a 25% increase in sales to £46.1m sterling.
Pre-tax profits for the year to the end of February rose by 25% to £7.3m after adjusting for associate and currency changes.
The firm said its profits rose despite the continuing uncertainty in the financial markets due to the European debt crisis.
Its software license revenues rose by 7.6% to £13.5m while transactional revenue jumped by 102% to 44% of software revenues. Consultancy revenue increased by 34.7% to £32.6m.
First Derivatives said that its customer base continued to grow during the 12 month period and it now provides services to over 91 different investment banks, exchanges, brokers and hedge funds.
It has clients in Chile, Russia, Hungary, Turkey and South Africa as well as in the major financial centres such as New York, London, Toronto, Chicago, Singapore, Hong Kong, Tokyo and Sydney.
The board is recommending a final dividend of 8.15 pence per share, which along with the interim dividend of 3 pence a share gives a total dividend of 11.15 pence for the year.
The company's chief executive Brian Conlon said that based on the health of its current sales pipeline, First Derivatives is expecting further growth this year.
'' As well as organic growth, the board will continue to pursue acquisition opportunities where we see a strategic fit and have access to the necessary sources of finance,' he added.
He said that on a marco level, the company is confident that it has positioned itself to benefit from global trends in technology and consulting. ''With our recurring revenue model and continued reinvestment in the business we will deliver further significant benefits in the years ahead,'' he added.
