Newry based First Derivatives has announced that “significant” growth in revenue and profitability which it reported in the first six months was brought into the second half of the year. The company said that investment had been maintained in sales training and infrastructure to support further growth across the global markets that First Derivatives serve. First Derivatives is a global provider of software and consulting services to the financial services industry. The company also said that it now employs over 900 staff across 10 offices located in the cities of each of the major world financial markets. In a trading update the company said its results for the year to the end of February are expected to be broadly in line with current market expectations. The trading statement also said: “Prospects for the business remain very positive and the company has mad and encouraging start to the new financial year.” With 16 years experience working with leading financial institutions First Derivatives continues to deliver technological advance award winning products and services that anticipate and responds to the evolving needs of global capital markets. It has operations in London, New York, Stockholm, Shangai, Toronto, Sydney, Dublin, Newry and Hong Kong.”
Newry Democrat
1st April 2014
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