Half Year Results 

Fidessa buoyed by currency movements

Fidessa buoyed by currency movements

Recurring revenue now constitutes 88 per cent of Fidessa’s (FDSA) top line, having grown 15 per cent in the first half to £157m. But the trading software provider's operating margin was flat after the company incurred higher staff expenses and the one-off £1m cost of moving Fidessa’s US head office from New York to Jersey City, which also attracted capital expenditure of £3.2m.

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