Kx is “the most exciting technology in a generation”, according to First Derivatives chief executive Seamus Keating as the company he leads announced a multimillion investment aimed at doubling revenues by 2025. Kx is a database technology that delivers high-speed processing of both real-time streaming analytics and historical data. He said the group is targeting annual recurring revenue growth “of at least 25 per cent for the current financial year”. FD said revenue was flat for 2021, at £237.9 million (€276 million), while gross profit was £101 million (€117 million). Pretax profit fell 39 per cent to £11.1 million (€12.8 million).

Source: The Irish Times May 18, 2021 06:45 UTC