FD Technologies (GB:FDP) has released an update.
FD Technologies PLC reported a mix of challenges and strategic progress in their year-end results for 2024, with KX experiencing a 12% growth in constant currency annual recurring revenue (ARR) to £73m but facing lower conversion rates and longer sales cycles due to economic headwinds. First Derivative saw an 8% decline in revenue to £170m, mitigated by cost control measures that maintained EBITDA margins. The company is undergoing structural changes, with a completed merger of MRP with CONTENTgine and a planned separation of KX and First Derivative to maximize shareholder value.
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