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magazineFDM beats again
Corporate panic over incoming new data protection rules and IT skills shortages are powering demand for IT project skills supplied by FDM (FDM). This means that the company will beat market expectations for the fourth year in a row.
GDPR are the general data protection regulations that are due to come into effect on 25 May 2018 in the UK and across the EU. This is causing widespread panic for many businesses given the far-reaching implications and hefty financial penalties non-compliance could mean.
FDM drops its highly-trained IT consultants, called ‘mounties’, into clients firms to solve specialised technology problems. Things like cloud infrastructure transition, ecommerce and cyber security are particularly in demand given their important to either shaving organisation costs or generating higher-margin income.
US operations have been very busy so far this year, where ‘mountie’ revenues jumped 56% to £36.9m in the six months to 30 June. Asia-Pacific is also growing fast, albeit from a low base, but UK ‘mountie’ revenues, up 14% to £51m, is surprisingly strong given the post-Brexit vote panic that dragged on the share price.
FDM remains a high-quality business capable of consistently beating ambitious expectations.
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