Fidessa increases its 2017 interim dividend by 7%

DividendMax Ltd.

Fidessa increases its 2017 interim dividend by 7%

Highlights for the period ended 30th June 2017:

Solid revenue growth across all business lines and regions.

Constant currency profit before tax grew 2% excluding one-time and duplicate costs associated with relocating main US office from New York to Jersey City.

Good international spread with 66% of total revenue accounted for outside of Europe.

Continued strong growth in multi-asset revenue with five new derivatives deals signed.

Recurring revenue representing 88% of total revenue.

Strong cash generation with £71.0 million cash balance after dividend payments of £30.1 million.

Interim dividend increased by 7% to 15.3 pence.

Companies mentioned