Tech firm results to hit expectations

Specialist technology firm First Derivatives has said it expects its pending full-year results to meet current market estimates, although a one-off bad debt provision of around £1.2m (€1.4m) is anticipated.

In a pre-close trading update, published yesterday, the Newry-based firm said its trading levels in the second half of its fiscal year, to the end of February, were “broadly in line with that achieved in the first half”.

The company said its annual results, due in June, are expected to be in line or close to current market forecast.