FD announces Interim results for the six months ended 31 August 2017

FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the six months ended 31 August 2017.

Financial Highlights

Business Highlights

• Strong growth in software revenue, up by 32% to £52.2m (H1 2017:£39.5m), with recurring software revenue up by 44% to £19.6m (H1 2017: £13.6m)
• Strong demand and strategic progression in Managed Services and Consulting with revenue growth of 8% to £35.6m (H1 2017: £32.9m)
• FinTech revenue up 18% to £66.8m (H1 2017: £56.7m), driven by 32% increase in recurring software revenue within our global banking client base
• MarTech revenue up 30% to £18.3m (H1 2017: £14.1m), with growth accelerating in the second quarter following the launch of the latest version of our predictive analytics platform
• Signed initial contracts in multiple new sectors including sensor data management, telecoms, healthcare and retail
• Hired 386 graduates calendar year-to-date to assist in the delivery of growth across the Group, up 66% on the same period last year
• Post period end, announced major investment in Kx to put machine learning at the heart of future R&D developments, strengthening Kx’s competitive position and opening up new markets
• Strong pipeline and positive start to the second half of the financial year, with full year financial performance expected to be slightly ahead of the Board’s expectations.

*Adjusted for share based payments and acquisition costs

**Adjusted for amortisation of acquired intangibles, share based payments, acquisition costs, finance translation income/charges (and exceptional taxation for EPS)

***Includes foreign currency translation loss and deferred consideration on prior acquisitions

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