Fidessa claims small impact of more investment on margins

Joseph Millis
Fidessa Group yesterday said an additional investment it is making in new opportunities is having a “small impact” on its operating margin

The FTSE 250 trading, investment and information company added there may be greater pressure arising going into 2016 from potential consolidation activity amongst its customers.

Fidessa said it made a £19.4m pre-tax profit in the first half of 2015, down slightly from the £19.7m reported for the first six months of 2014. Revenue was up by seven per cent to £145.9m, and expenses before amortisation of acquired intangible assets increased by eight per cent to £126.5m. Amortisation of acquired intangibles was flat at £365,000.

“During the first half of 2015 we have seen customer markets start to enter a new phase of the recovery as regulatory and structural changes begin to have an impact,” chief executive Chris Aspinwall said in a statement.

“This changing landscape is creating a large number of new opportunities as well as some additional challenges, resulting in a high level of new business activity alongside an increased investment pipeline.”