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First Derivatives Reach New Heights as Revenue Tops £200m For First Time

Congratulations to our member, First Derivatives plc who have recently reported another stellar financial year, with new contract wins helping push turnover up 17% to over £217m. Gross Profit is also up by 16% to £91.3m.
The global technology provider, which employs around 800 people in Newry and Belfast, has recorded growth across all key areas business in its latest set of accounts.
Total revenue of £217.4m was supplemented by the company’s software division, which has reported growth of 28%. The company’s FinTech sector, which accounts for the majority of business continued on an upward trajectory with revenue up 17% to £166.7m. MarTech revenue was also up 8% to £41.4m.
Of great satisfaction for the company was its performance in other markets, with revenue soaring by 85% to £9.3m, almost double the total recorded in the previous year.
Chief Operating Officer of First Derivatives plc, Adrian Toner said the latest figures show the company is delivering on its strategy to establish itself as a leading global business commenting:
“There is a huge global demand for the type of technology that we have. So long as that continues and there’s every expectation that it will, we’d be anticipating and investing for growth on similar levels for the years ahead.”
“The market will set expectations for growth, but we have been delivering double digit growth really for the last 20 years and we would anticipate that will continue.”
“We’re a flea on the back of the elephant that is the capital markets industry so our growth potential is really unlimited.”