Newry-based First Derivatives, which sells software and provides consulting to the financial services industry, has reported a 22.5% rise in revenue to £56.5m over the past 12 months.

The company made a pre-tax profit of £11.5m during that time, up 7% year-on-year.

Among its products First Derivatives sells software which helps exchanges monitor suspicious trades and potential insider dealing.

It counts among its customers the Australian stock market regulator ASIC.