Corporate Information

“Despite the backdrop of economic uncertainty, today’s results demonstrate not only the resilience of our business model, but the tremendous growth opportunity facing FDM.” Rod Flavell - CEO, 9th March 2009.

Financial Highlights

• Revenues increased by 4.7% to £52.2 million (2007: £49.8 million).
• Gross profit increased by 22.1% to £13.7 million (2007: £11.2 million).
• Overall gross margins increased to 26.2% (2007: 22.5%).
• Operating margin increased to 9.6% (2007: 8.1%).
• Profit before tax £5.3 million (2007: £4.3 million), representing an increase of 23%.
• Fully diluted earnings per share of 15.7p (2007: 12.0p), representing an increase of 31%.
• Final dividend of 2.5p per share, making a total dividend of 3.5p per share (2007: 2.7p), representing an increase of 30%.
• Net cash and cash equivalents increased to £10.1 million (2007: £6.0 million).
• Debtor days reduced to 57 days (2007: 59 days).

Operational Highlights

• High customer retention continues.
• Positive new business momentum.
• Consultant utilisation rates sustained, at 97.7% (2007: 98.3%).
• Further expansion of academy model.
• First full-year impact of Manchester Academy.
• Significant expansion of London Academy for 2009 now complete.
• Current trading remains in line with market expectations.

Commercial Highlights

• Winner at the IITT Awards - Training Department of the Year 2009.
• Winner at the SBA Awards - Sussex Company of the Year 2008/09.
• Finalist at the BCS Awards - Young IT Practitioner of the Year 2008.
• Finalist at the Computing Awards for Excellence - Services Supplier of the Year 2008.