Rising expectations for First Derivatives

NEWRY-BASED specialist financial software company First Derivatives is very much a good news story, but one that sometimes flies under the radar.

However, the release today of full-year results should ensure this quiet success story garners attention.

The key point of interest for investors will be the company’s outlook for its product division following the bedding down of an acquisition last year.

People will also be watching out for any sort of commentary on its outlook for the year ahead.

Overall, brokers are expecting good momentum and strong revenue growth on the products side.

The consulting side of the business is also predicted to have performed well. It is no surprise that expectations are high.

First Derivatives has been performing strongly in recent years, gaining a lot of traction in terms of revenue and profit growth, expanding its workforce and carrying out acquisitions.

Its roots are in Newry, Co Down, and it remains headquartered there, but it also employs consultants in locations around the world including London and New York.

Its success is evident in the new customers being won – First Derivatives is now supplying its products into more and more large banks.

Watch this space.

* This article was amended on May 30th, 2012 to correct a factual error.