2021 FINANCIAL YEAR HIGHLIGHTS
Central to our clients’ success
James Gorman, CEO, Morgan Stanley
Proposed renaming of the Group as FD Technologies plc, comprising three businesses – KX, First Derivative and MRP – to enable each brand to communicate its distinct value proposition for its respective market and maximise its growth opportunity.
Accelerated growth strategy based on growing demand for real-time continuous intelligence and increased ability to deliver following advances in our technology, leadership and commercialization capabilities.
KX will be the focus of investment and our goal is to enable KX to become the market-leading technology for real-time streaming analytics, which represents a $39bn addressable market by 2025 growing at 30% per annum.
First Derivative, which comprises our managed services and consulting business plus elements of our software services revenue, will benefit from sharper focus on target markets where it has the greatest in-depth expertise, and which are areas of key focus for our clients.
MRP will seek to consolidate its position as a market leading digital platform in Account Based Marketing offering the only enterprise class, predictive ABM solution.
Increased investment in the coming years focused on KX, funded through internally generated cash, to accelerate our technology development, increase sales and marketing spend and scale the Group.
This evolution of the Group strategy will maximise the potential opportunity addressed by each division and significantly accelerate our growth potential over the medium term, targeting a doubling of revenue by FY25 with a significant bias in growth to recurring software revenue.