Financial technology firm First Derivatives has reported higher revenues and pre-tax profits for the six month to the end of August.
The company said the positive performance of the first half of the year has continued into the second.
First Derivatives said its revenues for the six months jumped by 44% to £53.9m from £37.5m the same time last year, while pre-tax profits rose by 27% to £4.6m from £3.7m.
The company said that due to its high visibility within both its consulting and software divisions, it was confident it will meet its market expectations for the full year.
The Newry-based company said that software revenue increased by 87% to £18.3m, with recurring software revenue - a key indicator for the company - jumping by 153%.
It said this growth was mainly achieved within the financial services segment, where our products are generating momentum as it expands its client base further.
Consulting revenues continued to grow strongly, rising by 28% to £35.5m and the company said that as its scale and capabilities grow, it continues to see an increase in the "size and strategic importance of the engagements" it undertakes with clients.
The firm said it has decided to increase the interim dividend by 52% to 5 pence per share, up from 3.30 pence the same time last year.
Two acquisitions were announced during the six month period - Canadian firm Affinity Systems for £3.8m and Dublin-based ActivateClients for £3.3m.
"The first half of our financial year has seen important operational progress as we build the capability to win and deliver larger contracts across our business in both software and consulting. At the same time, our financial performance has been strong, delivering growth for our shareholders," the company's chief executive Brian Conlon said.
"Our high levels of revenue visibility across the group and the continued strengthening of our pipeline gives us confidence in our ability to achieve full year expectations and we remain excited about the potential of the business," he added.
