Financial technology firm First Derivatives has reported pre-tax profits of £12.1m for the year to the end of February, down 3% on the previous year.
The Newry-based company posted a 23% increase in annual revenues to £186m - its 21st consecutive year of double-digit revenue growth.
The company has proposed a full year dividend of 24 pence per share, up 20% on the dividend of 20 pence the previous year.
During the year, First Derivatives said its software revenue rose 27% on the back of new contract wins and continued penetration of its existing customer base.
Revenue in its FinTech division rose by 22% to £142.9m and the company said the key driver of that growth was the imperative for its clients - especially investment banks - to maximise the value of the data they generate.
Meanwhile, revenue in its MarTech division rose by 24% to £38.2m and First Derivatives said that despite its short history, it is seeing "impressive" growth in the platform's subscription revenue.
During the 12 month period, the company secured one of the largest contracts in its history - the implementation and support of a third-party system for a New York-based bank.
Its contracts also included a major upgrade to a third party system deployed in the US by a European financial institution.
First Derivatives said the new financial year has started well, with a healthy pipeline of new business opportunities and strong demand generated by its increasing strategic importance to clients.
"Our solid base of repeat and recurring revenue coupled with the strength of our pipeline provides confidence in our outlook and we remain confident that we are on track to deliver further for shareholders," commented the company's chief executive Brian Conlon.
