First Derivatives’ revenue boost

Capital markets software provider First Derivatives yesterday posted a 23.3 per cent increase in revenues and 9.8 per cent increase in pre-tax profits after a bumper half year of contract wins. The Aim listed company, which also offers consulting services, increased turnover to £27.6m on the back of a 40 per cent increase in recurring revenue streams from its software sales. First Derivatives chairman David Anderson said: “To fuel this growth we have continued to make substantial investment in the development of all the group’s activities to ensure we have a strong organisation that can react to the market through the quality of our product and service offerings.”