Breaking News, World News and Taiwan News.

Fidessa Group expects flat revenue and lower profit margins for full year

Reuters--Trading software company Fidessa Group PLC said revenue for the full year would remain flat as equity market volumes declined in the third quarter, and that margins would be slightly lower than those reported in recent years.

The British company reported revenue of 278.3 million pounds (US$446 million) for 2011.

Fidessa said the challenges in the financial markets have continued longer than expected. “This has resulted in Fidessa's customers becoming yet more cost constrained and it seems unlikely that there will be significant improvement in the short term,” the company said.

Fidessa, which gets more than half of its revenue from outside Europe, said it expects to announce more derivative deals in the fourth quarter, and expects it to have a bearing on full-year margins.

Shares of the company closed at 1372 pence on the London Stock Exchange on Friday.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search