First Derivatives expects to beat full-year forecasts

The Newry-based firm expects revenue to exceed £109.5 million

First Derivatives has reported strong first-half growth

Financial software firm First Derivatives said it expects its full-year financial performance to be "comfortably" ahead of the current forecasts for revenue of £109.5 million (€136.7 million) and earnings before interest, tax, depreciation and amortisation (EBITDA) of £22.1 million.

In a trading update,the Newry-based company reported strong trading in the second half of its financial year, which ended on February 29. Consulting revenue grew strongly, driven by the group's high level of contracted ...