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Interim Management Statement

6th Nov 2014 07:09

FIDESSA GROUP PLC - Interim Management Statement

FIDESSA GROUP PLC - Interim Management Statement

PR Newswire

London, November 6

Fidessa group plc Interim Management Statement 6th November 2014 Fidessa group plc (LSE: FDSA), provider of high-performance trading, investmentmanagement and information solutions for the world's financial community, todayissues its interim management statement for the period from 1st July 2014 todate. Fidessa has continued to see improvement across the markets in which itoperates and this is being reflected both in the reduced headwind fromconsolidations, restructurings and closures in the customer base and also inthe current deal pipeline. In particular, increased interest has been seen innew functionality within the core markets as well as strong demand for thederivatives and service-based offerings. As previously reported, due to thedepth, longevity and severity of the financial crisis, the improvement beingseen is expected to be gradual and this combined with the effect of therecurring revenue model means that modest constant currency growth is expectedfor the year as a whole. Whilst the return to underlying growth is welcome, theexceptional strength of sterling during the year is expected to more thanoffset this growth and affect the reported numbers. Looking further ahead, Fidessa believes that as stability and opportunityreturn to the markets, the headwind reduction, coupled with further openings asits multi-asset initiative gains momentum, will enable it to return to growthlevels closer to those seen in the past. Fidessa remains excited by thepotential of its service-based offerings across all asset classes and segmentsof its market and believes that it will continue to play an important role asits customers focus on efficiency, transparency, compliance and performance. Fidessa continues to have a strong balance sheet with strong reserves, no debt,strong cash generation and substantial levels of recurring revenue. Enquiries: Chris Aspinwall, Chief Executive Edward Bridges/Rebecca FlowerAndy Malpass, Finance Director FTI Consultingwww.fidessa.com Tel: +44 (0) 20 7831 3113Tel: +44 (0) 20 7105 1000Email: [email protected] About Fidessa group Exceptional trading, investment and information solutions for the world'sfinancial community. New technology, new regulation, new challenges: making money in today'sfinancial markets is all about staying ahead of the curve. Having thecapability to spot new trends and act fast turns change into opportunity.That's why 85% of the world's premier financial institutions trust Fidessa toprovide them with their multi-asset trading and investment infrastructure,their market data and analysis, and their decision making and workflowtechnology. It's also why $15 trillion worth of transactions flow across ourglobal network each year. Because we're the market leader, we can also offerunique access to the world's largest and most valuable trading community ofbuy-side and sell-side professionals, from global institutions and investmentbanks to boutique brokers and niche hedge funds. Fidessa is a global business with scale, resilience, ambition and expertise.We've delivered around 25% compound growth since our stock market listing in1997 and we're recognised as the thought leader in our space. We set thebenchmark with our unrivalled set of mission-critical products and servicesand, uniquely, serve both the buy-side and sell-side communities. Ongoinginvestment in our leading-edge, integrated solutions ensures Fidessa remainsthe industry's number one choice.

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