Fidessa Group Regulatory News (FDSA)

FIDESSA GROUP PLC - Interim Management Statement

PR Newswire

London, April 14

Fidessa group plc Interim Management Statement

15th April 2013

Fidessa group plc (LSE: FDSA), provider of high-performance trading, investmentmanagement and information solutions for the world's financial community, isreleasing its interim management statement for the period from 1st January 2013to date.

Fidessa has continued to deliver a solid performance during the first quarterof 2013 with the growth from derivatives platforms, service based platforms andregional expansion offsetting the headwinds created by market conditions. Asexpected, the attrition and pricing pressure seen during 2012 has continuedinto the first quarter which, in the short-term, makes it challenging forFidessa to deliver the growth levels it has previously seen. However, Fidessahas seen good development in its pipeline and has continued its investmentprogramme, expanding its capability across asset classes, services and regions.

Whilst there is still no sign of the "great rotation" from bonds into equities,the first quarter has seen a positive flow of funds into equities. It is stilltoo early to know whether this represents a turning point, but it reinforcesFidessa's view that a floor will eventually be reached in the decline of equitymarkets which will allow Fidessa's core end markets to gradually return to amore stable state. This would enable the growth generated through sales ofFidessa's derivatives platforms, its service based platforms and its regionalexpansion to flow through into overall revenue growth rather than being maskedby the headwinds. Although this process may start during 2013, Fidessa does notbelieve that it will happen quickly enough to have a material benefit to 2013revenue. This combined with Fidessa's continued investment programme means thatperformance in 2013 is still expected to be similar to that seen in 2012.

Fidessa continued to have a strong balance sheet with strong reserves, no debt,strong cash generation and substantial levels of recurring revenue.

Enquiries:

Chris Aspinwall, Chief Executive Edward Bridges/Rebecca FlowerAndy Malpass, Finance Director FTI Consulting

Exceptional trading, investment and information solutions for the world'sfinancial community.

New technology, new regulation, new challenges: making money in today'sfinancial markets is all about staying ahead of the curve. Having thecapability to spot new trends and act fast turns change into opportunity.That's why 85% of the world's premier financial institutions trust Fidessa toprovide them with their multi-asset trading and investment infrastructure,their market data and analysis, and their decision making and workflowtechnology. It's also why $10 trillion worth of transactions flow across ourglobal network each year. Because we're the market leader, we can also offerunique access to the world's largest and most valuable trading community ofbuy-side and sell-side professionals, from global institutions and investmentbanks to boutique brokers and niche hedge funds.

Fidessa is a global business with scale, resilience, ambition and expertise.We've delivered around 25% compound growth since our stock market listing in1997 and we're recognised as the thought leader in our space. We set thebenchmark with our unrivalled set of mission-critical products and servicesand, uniquely, serve both the buy-side and sell-side communities. Ongoinginvestment in our leading-edge, integrated solutions ensures Fidessa remainsthe industry's number one choice.