Preliminary Results for the Year Ended 28 February 2018

FD (AIM:FDP.L, ESM:FDP.I) today announces its results for the year ended 28 February 2018.

Financial Highlights

*Adjusted for share-based payments and acquisition costs

**Adjusted for amortisation of acquired intangibles, share-based payments, acquisition costs, foreign currency translation effect, share of loss of associate and exceptional taxation

Business Highlights

• Strong growth in software revenue, up 27% as a result of new contract wins and continued penetration of the existing customer base
• Strategic progression in our managed services and consulting activities resulting in revenue growth of 17%
• The implementation and ongoing support of a third-party system for a New York-based bank, representing one of the largest contracts in our history
• FinTech revenue up 22% to £142.9m (2017: £117.4m), driven by growth in recurring software revenue and an expansion of services provided to clients
• MarTech revenue up 24% to £38.2m (2017: £30.7m), driven by growth in subscriptions for our Marketing Cloud platform, powered by our KX technology
• High-profile client wins including a Fortune 500 manufacturing company, a FTSE 100 gaming company and Aston Martin-Red Bull Racing, leading to inbound interest across a range of markets
• Continued investment across the Group, including machine learning and AI initiatives, to further penetrate our addressable market in software
• Boosted capabilities in telco, a key target market, through the acquisition of Telconomics
• Positive start to the current financial year, with a healthy pipeline of new business

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