Newry-based First Derivatives continues to grow

Software firm targets expansion into new areas as it benefits from weak sterling

First Derivatives has reported strong first-half growth

Newry-based software company First Derivatives(FD) has reported another strong set of financial results.

In the six months to the end of August, the company’s revenue grew by 34 per cent to £72.4m, while adjusted pre-tax profits jumped by 33 per cent to £10.1m.

A 20 per cent higher interim dividend of 6p per share has been declared.

The group’s focus has been mainly on providingsoftware for financial services, including trading systems.

But chairman ...