Fidessa misses forecasts due to tough European conditions

Top line growth at trading systems developer Fidessa was below forecasts in the first half, as falling sales in Europe dampened revenues at the group level.

Top line growth at trading systems developer Fidessa was below forecasts in the first half, as falling sales in Europe dampened revenues at the group level.

Revenues rose 3% during the six months to June 30th from £137m to £141.3m, short of Peel Hunt's £144m estimate. At constant currency, growth would have been 2%.

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