First Derivatives posted another excellent set of results last week, with full year revenue increasing 23% and adjusted EBITDA up 19%. Software revenue growth of 27% was driven by increasing traction in the core FinTech and MarTech markets, while 17% growth in Managed Services and Consulting reflects the growing strategic importance of this business to its clients. We increase our FY 2019 and FY 2020 revenue and EBITDA estimates by 2-3% to reflect the strength of the FY 2018 performance and conf ....
29 May 2018
Upgrading EPS estimates by 7-8%
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Upgrading EPS estimates by 7-8%
FD Technologies PLC (FDP:LON) | 1,232 0 0.0% | Mkt Cap: 346.2m
- Published:
29 May 2018 -
Author:
N+1 Singer Team -
Pages:
3
First Derivatives posted another excellent set of results last week, with full year revenue increasing 23% and adjusted EBITDA up 19%. Software revenue growth of 27% was driven by increasing traction in the core FinTech and MarTech markets, while 17% growth in Managed Services and Consulting reflects the growing strategic importance of this business to its clients. We increase our FY 2019 and FY 2020 revenue and EBITDA estimates by 2-3% to reflect the strength of the FY 2018 performance and conf ....