Tech
Revenue and earnings fall at Newry-based FD Technologies
Group revenue was down 3 per cent to £143 million as the group warned of “challenging market conditions” and increased customer caution
FD Technologies, the Newry-based tech firm, has reported weaker sales and earnings for the first half of its financial year due to what it described as “challenging market conditions” and increased “customer caution” from the investment banking sector.
Announcing half year results on Tuesday, the company reported adjusted earnings (Ebitda) of £14 million for the six months to August 31, down 12 per cent on the corresponding period last year.
Group revenue was down 3 ...
