Newry-based FD Technologies – formerly First Derivatives – has reported higher than expected revenues of £263.5m (€308.3) for the year ended February 2022, up 11pc on the previous year. Revenues at its tech-led financial services consulting arm, First Derivative, were up 24pc to £148m, more than double the group’s target. Revenue at its predictive analytics marketing division MRP was up 16pc to £51.1m, with platform revenue growth of 18pc on a constant currency basis. The group expects KX annual recurring revenues to grow by 35-40pc, with double-digit revenue growth also expected in First Derivative and MRP. Full-year 2023 revenue is expected to be between £290m and £300m, with adjusted EBITDA in the range £36.5m to £38.5m.

Source: Irish Independent May 10, 2022 18:09 UTC