Gross profit increases 15% at Newry-based FD Technologies

The company’s technology is widely used throughout the financial industry, where it is employed across a range of data-intensive arenas

Seamus Keating, chief executive of FD Technologies. Picture: Jonathan Goldberg

FD Technologies, the Newry-based tech firm, has reported gross profit of £122.3 million (€140m) for the 12 months to February, 28, a 15 per cent increase on the prior year.

Revenue increased 12 per cent to £296 million, according to annual results from the group.

However, it reported a loss before tax of £1.2 million for the year.

The company said its KX division exceeded its targets with annual recurring revenue (ARR) up 39 per ...