ANALYST VIEWS: CAN FIDESSA CONTINUE TO GROW AT ITS CURRENT RATE?
DAVID TOMS | NUMIS
Fidessa’s results are modestly ahead of our expectations. Management’s increasing confidence in the multi-asset opportunity and the potential for a new engine of growth from hosted platforms for larger customers continue to support our positive stance.
JULIAN YATES | INVESTEC
Unsurprisingly the company is seeing continued weakness in its SME customer base and it expects these trends to continue. New asset classes will not be enough to sustain previous levels of growth and we would expect sales growth in low single digits.
ROGER PHILLIPS | MERCHANT SECURITIES
The statement says to expect a slower year in terms of growth due to market conditions persisting and further product investment. In the short term the reaction will be a disappointment and the shares will come under pressure. Longer term we see Fidessa as one of the outstanding stocks in the sector.