Saturday September 26, 2020

First Derivatives can deliver growth to justify share price

Fintech firm sees share price jump to £21 following release of half-year revenues

Barry J Whyte

Chief Feature Writer

6th November, 2016
Brian Conlon, First Derivatives chief executive, says the firm’s share price might seem ‘racy’, but that it can go the distance

The share price for Irish financial technology firm First Derivatives might ‘look a little racy’, but chief executive Brian Conlon said the company can deliver the growth to justify it.

Last week, First Derivatives reported half-year revenues had risen 34 per cent to £72.4 million (€80 million), with software revenue rocketing by 60 per cent to £29.2 million (€32 million).

After the results were announced, the share price jumped from £19.75 to £21. “Without doubt,...

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