Global technology provider First Derivatives saw its profit before tax fall 39pc to £11.1m (€12.9m) in the 12 months to 28 February. Revenue at the Newry-headquartered group increased slightly to £237.9m from £237.8m, according to annual results from the company. Gross profit was unchanged year-on-year at £101m. It started out providing services to financial markets firms – in particular to big investment banks. Its customers are increasingly drawn from a range of sectors, from Formula One to satellite operators.

Source: Irish Independent May 18, 2021 06:33 UTC