28th Feb 2008 07:00
First Derivatives PLC28 February 2008 28 February 2008 First Derivatives plc (AIM:FDP.L, IEX:GYQ.I) Pre-close period trading update The Board of First Derivatives plc ("First Derivatives" or the "Company") ispleased to announce that the Company is enjoying strong revenue growth and thattrading for the year to 29 February 2008 will be ahead of current marketexpectations. The strong level of demand for the Company's consultancy services, that werereported at the time of the interim results, has continued into the second half. In addition, First Derivatives is now generating sales from various proprietarysoftware products which the Company has been developing in recent years. Theseproducts are sold on an annual recurring licence basis. While revenues for the year will be slightly higher than recent marketforecasts, the Company has achieved higher than expected margins on services andproduct sales. As a result the Board anticipates that profits before tax forthe year to 29 February 2008 will be above current market forecasts. First Derivatives anticipates that the Company will release its preliminarystatement of results for the year to 29 February 2008 on Thursday 15 May 2008. Contact: First Derivatives plc Tel: +44 (0)28 3025 2242 Brian Conlon Charles Stanley Securities Tel: +44 (0)20 7149 6000 Nominated Adviser Russell Cook/Carl Holmes Goodbody Corporate Finance Tel: +353 1 667 0420 IEX Adviser Diane Hodgson/Linda Hickey Stakeholder Communications Carl Whyte Tel: +44 (0)28 9033 9949 Lisa Nugent Tel: +44 (0) 20 7903 5148 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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