- First Derivative reported a 12% rise in profit, driven by an uptick in software revenue.

For the six months ended 31 August 2019, pre-tax profit rose 12% to £8.4m and revenue increased 11% to £116.7m.

Software revenue was up 13% to £71.4m, driven by 19% growth in recurring software license revenue, the company said.

Software revenue from industry increased by 45% to £4.4m and managed services and consulting revenue rose 7% to £45.2m, it added.

'Combined with a solid performance in H1 this provides confidence in the achievement of full year results in line with consensus forecasts,' the company said.

At 9:54am: [LON:FDP] First Derivatives PLC share price was +52.5p at 2252.5p

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