Shares in Newry-based consultancy firm First Derivatives jumped today after it reported a 20% rise in both revenues and pre-tax profits for the six months to the end of August.

First Derivatives said it took in £105.6m in the six month period, with pre-tax profit rising to £7.6m from £6.3m.

The company has proposed an interim dividend of 7.7 pence per share, an increase of 10% on the same time last year. 

High-profile new client wins in the six month period included Fingrid and the Canadian Securities Administrators. Since August, the company has also signed new deals with BISTel and Survalent.

First Derivatives noted strong growth in its software revenue, which rose by 21%. It also saw license revenue increased by 39% on the back of increased demand for Kx technology across its client base. 

It also reported continued strong demand within its managed services and consulting activities which resulted in revenue growth of 19%.

The company said that its FinTech revenue rose by 24% to £82.7m, driven by growth in software revenue and an expansion of services provided to clients. 

Meanwhile, its MarTech revenue rose by 8% to £19.8m, mainly due to 42% growth in subscriptions for its Marketing Cloud platform, which is powered by its Kx technology.

Looking ahead, First Derivatives said it had entered the second half of its financial year with strong momentum across the group. 

"The pace of major contract wins across the business, together with our high levels of repeat and recurring revenue provide confidence and position the group well to continue achieving strong growth," it said. 

"We expect to deliver revenue and EBITDA slightly ahead of consensus forecasts for the year to 28 February 2019," it added.

Shares in the company moved over 6% higher in Dublin trade today.