Sunday February 23, 2020

First Derivatives reports 120% rise in pre-tax profits

4th June, 2015
Pre-tax profits were £17.5 million

Financial software group First Derivatives has reported a 120 per cent increase in its pre-tax profits for the year to the end of February.

The Newry-based firm said revenues increased by 19 per cent to £83.2 million, while pre-tax profits were £17.5 million.

Consulting revenues rose by 15.3 per cent to £58.3 million and adjusted EBITDA climbed 24 per cent to £15.5 million. The company reported net debt of £15.7 million at the end of its financial year.

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