Software and consulting services firm First Derivatives has announced operating profits of £4.1m sterling for the six months to the end of August.
This is a 14.2% increase on the £3.6m reported the same time last year.
Revenues rose by 23.3% to £27.6m from £22.4m on the back of strong growth in the group's activities.
The company said it would pay an interim dividend of 3.1 pence per share, up 3.3% on the same time last year.
First Derivatives said its software sales in the first half were up 7.2% to £7.5m on the previous period. The company added that ''this modest increase'' did not reflect the progress made in revenue generated from its Delta suite of products.
The firm said it continues to invest heavily in its research and development programme, adding that its software is designed to meet the ''Big Data'' challenge which is at the centre of the strategies of many of the world's IT giants.
Consulting revenues for the six month period jumped by 30.7% to £20m from £15.4m the same time last year. The company said that the first half of 2012 has continued to be a period of growth across the division, both in its client base and in the expansion of the number of contracts undertaken with new and existing clients.
The company said it has signed a number of new contracts during the six month period, which will start to become revenue generating in the second half of the year. It added that it had a healthy pipeline of prospects.
''Despite a background of market turbulence, we expect to report profits for the year in line with market expectations,'' commented the company's chairman David Anderson.
