30th Apr 2015 07:32
LONDON (Alliance News) - Fidessa Group PLC Thursday reiterated its expectations for a gradual increase in growth rate in 2015 from the level it achieved in 2014, and said that in the longer term it believes stability and opportunity will increasingly return to markets.
The financial software and services firm said that systemic risks and pressures have remained in the financial markets, but gradual improvements in market conditions that it saw in 2014 have continued into 2015.
It believes that in the longer term it will see growth levels returning close "to those it has seen in the past".
"Fidessa remains excited by the potential for its service-based offerings across all asset classes and segments of the market and believes that it will continue to play an important role as customers focus on efficiency, transparency, compliance and performance," the company said in a statement.
The company reported a fall in profit for 2014 in February, hit by the strength of sterling, although both its adjusted pretax profit and revenue figures were up 3% at constant currency.
Shares in Fidessa are trading down 2.0% at 2,264.00 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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