Fidessa Group plc (LON:FDSA), provider of trading, investment and information solutions to the financial industry, has earlier today reported key performance metrics for the first half of 2015.
For the six months to June 30, 2015, Fidessa recorded an increase in revenue of 6% to £145.9 million (2014: £137.1 million). This was attributed to improved market conditions in the period. Recurring revenue rose 8% from the same period a year earlier and accounted for 86% of overall revenue.
Derivatives gained ground, as the sector mix is: sell-side derivatives increasing 36%, sell-side equities up 7% and buy-side decreasing 3%. Derivatives means now represent 8% of recurring revenue, up from 6% in 2014.
On a regional basis, 61% of total revenue came from markets outside of Europe. Asia showed the steepest growth with an increase of 18% and accounted for 20% of total revenue, whereas the Americas increased by 11% and accounted for 41% of total revenue. Europe, however, decreased by 3% and accounted for 39% of total revenue.
Extra investments had an impact on the operating margin. The adjusted operating profit has decreased by 2% to £19.6 million (2014: £19.9 million) in the six-month period.
Diluted earnings per share, adjusted to exclude the amortisation of acquired intangibles, have decreased by 1% to 38.2 pence (2014: 38.7 pence).
Fidessa ended the period with a cash balance of £61.6 million and no debt (2014: £57.8 million).
An interim dividend of 13.1 pence (2014: 13.1 pence) has been declared. It is set to be paid on September 15, 2015 to shareholders on the register on August 21, 2015, with an ex-dividend date of August 20, 2015.
To view the official announcement by Fidessa, click here.