First Derivatives H1 pre-tax profit rises by 27%

The Newry-based company said revenue grew by 44 per cent in its first half

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Financial software firm First Derivatives said pre-tax profit rose by 27 per cent to £4.6 million (€6.5 million) in its first half as revenue grew by 44 per cent to £53.8 million.

The Newry-based company said its investment in software was continuing to pay off with new financial services clients driving software revenue growth of 87 per cent in the six months to August 31, while it reported revenue growth of 28 per ...