25th Apr 2019 09:12
LONDON (Alliance News) - FDM Group Holdings PLC said Thursday that trading remained in line with board's expectations in the first quarter, and the IT consultancy and recruitment company is well placed to achieve its expectations for the current year.
FDM, in its annual general meeting statement, said total revenue for the first quarter was 16% higher than the corresponding 2018 quarter, while Mountie revenue was 18% higher. FDM distinguishes between freelance IT contractors and its own employees which it refers to as 'Mounties' and sends out to help clients with IT issues.
FDM's balance sheet remains strong with significant cash balances and no debt, the company added.
Shares in FDM Group were trading 0.1% higher at 965.00 pence each on Thursday morning.
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