Financial technology firm First Derivatives has said it continues to see strong trading in the second half of its financial year to February 29 2016.
In a trading update, the Newry-based firm said it now expects the financial performance for the full year to be "comfortably" ahead of its current forecasts of £109.5m in revenues and £22.1m in EBITDA.
The company said its consulting revenue continued to grow strongly in the second half on the back of the high level of contracted revenue and a number of important new customer wins.
It also said it continues to see strong demand in its traditional financial services market across its range of software products.
The company signed a record number of contracts in the second half of the financial year, adding that due to the annual recurring nature of its software license contracts the full impact of these wins will be reflected in the financial year ended February 2017.
Brian Conlon, the company's chief executive, said that FD made strong progress over the course of the past year and is well placed to continue to do so.
"In consulting, our increasing scale and breadth of expertise is enabling us to get involved earlier in the change lifecycle within our clients, leading to deeper and more strategic relationships," Mr Conlon stated.
In software, our market-leading capability in analysing large volumes of data in real time is increasingly understood and as a result we have experienced an acceleration of contract wins during the past year," he added.
