Fdm (LON:FDMG) - Services dominate

Thursday, Jan 29 2009 by

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.

About Edison Investment Research

Edison Investment Research


Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »