Software and consulting company First Derivatives has reported a jump in full year revenues and pre-tax profits as it secured high-profile new clients across the business during the 12 month period.
Newry-based First Derivatives said its revenues for the year to the end of February rose by 17% to £217.4m while its pre-tax profits raced 38% higher to £16.7m from £12.1m.
The company said its software license revenue grew by 28% in the 12 month period.
Its FinTech revenue rose by 17% to £166.7m on the back of an expansion of services and new contract wins including the Canadian Securities Administrators, BitMEX and a major Japanese bank.
Meanwhile, the company's MarTech revenue increased by 8% to £41.4m, driven by 25% growth in subscriptions for its Marketing Cloud platform.
Revenue from other markets increased by 85% to £9.3m, which the company said was more evidence of the initial success of its strategy to penetrate "high-value markets such as Industrial Internet of Things, automotive and precision manufacturing".
During the year, the company won new contracts with Fingrid, BISTel and Survalent while it was also appointed Aston Martin Red Bull Racing's innovation partner.
Seamus Keating, the company's Chairman, said First Derivatives saw another year of strong growth while investing to scale its business and secure growth in new markets.
Mr Keating said that customers across a wide range of end-markets are waking to the transformative power of its technology to unlock data, drive value and secure their own long-term success.
"As we look ahead, we are excited by the growing pipeline of opportunity across our business and are confident of achieving another year of strong organic growth," the chairman added.
Last week the company said its founder and chief executive Brian Conlon has been diagnosed with cancer. But Mr Conlon is to stay on in the role during ongoing weekly treatment, which includes chemotherapy, it added.
