Newry.ie

Revenue is up by 20% at £105.6M at Newry based First Derivatives according to their latest interim accounts for the six months ended 31 August 2018.

The company shows a gross profit of £43.9M for the period, up 21% on H1.

FD who have recently opened new premises on Hill Street in Newry now employ over 2400 people worldwide with a sizeable proportion of those based in Newry.

First Derivatives Headquarters. Photograph: Columba O'Hare/ Newry.ie
First Derivatives Headquarters. Photograph: Columba O'Hare/ Newry.ie

Contributing to this was a strong growth in software revenue, up 21%, with license revenue up 39% driven by increased demand for their Kx technology. FinTech revenue was also up 24% to £82.7m (H1 2018: £66.8m), driven by growth in software revenue and an expansion of services provided to clients. Demand for their managed services and consulting activities also resulted in revenue growth of 19%.

Accelerated investment across the business in R&D, sales and marketing and software delivery in response to growth in the Kx sales pipeline across multiple industries

High-profile new client wins including Fingrid, the Canadian Securities Administrators and, post the period end, BISTel and Survalent

The company has also entered an agreement to acquire the minority shareholdings in Kx Systems, taking 100% ownership by end of June 2019.

Seamus Keating, Chairman of FD, commented: “Our confidence in the growth prospects and the long-term potential of FD continues to increase, underpinned by demand for our Kx technology across multiple industries and our domain knowledge and growing reputation in managed services and consulting. This confidence drove an acceleration of our investment plans in H1, in response to new opportunities across the business. While the benefits from this investment will be received in future periods, the Group has delivered a strong first half.

The pace of major contract wins across the business, together with our high levels of repeat and recurring revenue provide confidence and position the group well to continue achieving strong growth. We expect to deliver revenue and adjusted EBITDA slightly ahead of consensus forecasts* for the year to 28 February 2019.”

 

Pin It

 

 

WHAT'S ON IN NEWRY

21Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
21Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
21Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
21Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
22Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
22Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
23Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
23Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
23Jan
TheBox.jpg08:00PM - ]
The Box
Sean Hollywood Arts Centre
24Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
24Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
25Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
25Jan
46134647_1960404520920061_7807579103300681728_n.jpg07:00PM - ]
Murder Mystery Evening
Canal Court Hotel
25Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
26Jan
_MG_7561_269035.jpg11:00AM - 03:00PM]
Stephen Fitzpatrick Auction
Stephen Fitzpatrick Auctioneers
26Jan
Screen Shot 2019-01-03 at 21.00.54.png02:30PM - 05:00PM]
Aladdin Matinee
Newry Town Hall
26Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
26Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
27Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
28Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
21Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
21Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
22Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
22Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
23Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
23Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
23Jan
TheBox.jpg08:00PM - ]
The Box
Sean Hollywood Arts Centre
24Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
24Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
25Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
25Jan
46134647_1960404520920061_7807579103300681728_n.jpg07:00PM - ]
Murder Mystery Evening
Canal Court Hotel
25Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
26Jan
_MG_7561_269035.jpg11:00AM - 03:00PM]
Stephen Fitzpatrick Auction
Stephen Fitzpatrick Auctioneers
26Jan
Screen Shot 2019-01-03 at 21.00.54.png02:30PM - 05:00PM]
Aladdin Matinee
Newry Town Hall
26Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
26Jan
Screen Shot 2019-01-03 at 21.00.54.png07:30PM - 10:00PM]
Aladdin by Newry Panto Players
Newry Town Hall
27Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
28Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
29Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
30Jan
BRUNO GROENING.jpg05:15PM - 06:30PM]
Information Lecture: Help and Healing on the Spiritual Path
Mourne Country Hotel
30Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
31Jan
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
31Jan
Cathryn Craig & Brian Willoughby.jpg07:30PM - 11:00PM]
Cathryn Craig & Brian Willoughby in Concert
Sean Hollywood Arts Centre
01Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
02Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
03Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
04Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
05Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
06Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
07Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
08Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
09Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
10Feb
Sean Hollywood Coco poster 2.jpg07:00PM - 08:00PM]
Twenty 7, an exhibition of poetry, by Kevin Dwan
Sean Hollywood Arts Centre
20Feb
BRUNO GROENING.jpg05:15PM - 06:30PM]
Information Lecture: Help and Healing on the Spiritual Path
Mourne Country Hotel
Newry.ie require Cookies on some parts of our site to enable full functionality. By using Newry.ie you consent to our use of Cookies. You can use your browser settings to disable cookies on this or any other website.
More information Ok