Fidessa Interim 2012 Results - dividends declared

Fidessa group plc Interim results for the period ended 30th June 2012

Fidessa maintains growth in very challenging markets

Highlights for the period ended 30^th June 2012:

• The second large, global, multi-asset deal has been signed with Newedge.
• Growth achieved across all market sectors.
• Over half (54%) of revenue derived from outside Europe.
• Strong revenue growth in the Americas and Asia.
• Recurring revenue increased to 84% of total.
• Continued cash generation after payment of a £16.6 million special dividend.
• Transaction volumes across the Fidessa network up by 20%.

Commenting on these results, Chris Aspinwall, Chief Executive, said:

"Fidessa has maintained its track record of growth in the first half of 2012 despite the persistence of the difficult conditions seen within the markets over the last few years. The on-going issues in the Eurozone, coupled with the wider problems in the global economy, have continued to create adverse conditions for our customers making it more challenging for us to achieve growth. However, our successful strategy of working closely with our largest customers as their strategic supplier, whilst also growing our presence in the derivatives markets, has enabled us to make further solid progress. In particular, we are very pleased to have signed a number of deals for derivatives systems, including one to provide a large, global, multi-asset platform for Newedge, one of the leading forces in multi-asset execution globally². This deal reaffirms the strength of our vision and the growing importance of our role as a multi-asset provider.

The challenges in the financial markets have gone on longer than most observers were expecting and it seems unlikely that there will be significant improvement in the short-term. We will continue to develop opportunities and execute our growth strategy and push further into the multi-asset arena, but the on-going pressure within the markets means that our growth for the full year is likely to be modest. As highlighted in the preliminary results announcement in February, in order to develop the opportunities within the derivatives markets we are increasing our development spend, both in terms of actual product development and also in terms of investment in the infrastructure and expertise required to support it. As a result of this investment and the on-going market conditions, we believe that margin is likely to be slightly below that seen in recent years.

Looking further ahead, we believe that we will see stability and opportunity returning to the markets and that reduced headwinds, coupled with further openings as our multi-asset initiative gains momentum, will enable us to return to growth levels closer to those we have seen in the past. We will maintain our strategy of investment in the business to make sure that we bring the right solutions and services to our customers across all the regions in which we operate."