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, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals work with leading companies, fund managers and investment banks worldwide to support their capital markets activity.  We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington.  Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »


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