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Trading software maker Fidessa's profit hit by strong pound

Reuters - UK Focus

Feb 16 (Reuters) - Fidessa Group Plc (LSE: FDSA.L - news) , a maker of trading software for the financial industry, reported a 9 percent drop in full-year pretax profit as a strong pound more than offset gains from improved market conditions.

The company, which helps process transactions worth $15 trillion a year, said its pretax profit fell to 39.1 million pounds ($60.3 million) for the year ended Dec (Shanghai: 600875.SS - news) . 31 from 43.1 million pounds a year earlier.

Revenue fell 1 percent to 275 million pounds. ($1 = 0.6483 pounds) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Ted Kerr)