Jan 29th 2009 - Edison Investment Research today published a report on Fdm (FDMG.L, LSE:FDMG, LON:FDMG) entitled "Services Dominate". In summary, the report says:
The trading update reveals a record performance in FY08 and results are expected to meet expectations. The majority of profits are now derived from the in-house rather than freelance consultants and consequently FDM continues its transformation into an IT services rather than staffing business. This augurs well for better earnings visibility and profitability and will stand the company in good stead in a challenging FY09.
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