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.”