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2 November 2021 FD Technologies plc ( " FD Technologies " , the " Company " or the " Group " ) Results for the six months ended 31 August 2021 FD Technologies ( AIM : FDP.L , Euronext Growth : FDP.I ) today announces its results for the six months ended 31 August 2021 . Seamus Keating , CEO of FD Technologies , commented : “ I am very encouraged by the increasing momentum across the business since we announced our accelerated growth strategy in May 2021. The opportunity for KX to deliver continuous intelligence remains enormous , and we are excited by the traction we are achieving across industries . Our cloud - first platform , KX Insights , was launched during the period and we have already signed new enterprise customers who , importantly , are already getting value from their investment . The investment in our go - to - market strategy is also starting to deliver returns , evidenced by accelerating growth in recurring revenue , partner engagement , industry accreditation and strengthening pipeline . We have signed three times as many subscription deals as we did in the same period last year . Both First Derivative and MRP are performing strongly , driven by good demand from both existing and new customers . The outlook across our businesses is positive , with each business unit expected to meet or exceed its full year growth target . We are particularly excited by the growing evidence that KX Insights can make real - time decision - making easy to implement for organisations . With its increasing ease of use , deployment freedom and interoperability , backed by our investment in leadership and go - to - market capability , we see KX as strongly positioned to build a market - leading position in continuous intelligence . " Business Highlights ● ● ● Key investment targets met including a 52 % increase in the size of the KX go - to - market team , delivering on technology development milestones and upgrading systems and processes Total of 41 KX subscription deals in the period ( H1 FY21 : 14 ) , a threefold increase on the prior year period as we focus on growing recurring subscription revenue Signed 12 new customers across financial services , automotive , manufacturing , utilities and healthcare , all of which have significant expansion potential Launch of KX Insights , our cloud - first platform , during the period with six customers signed during the period , including a global enterprise deal with Alpine F1 , using Microsoft Azure for actionable intelligence on and off the track Executing the shift to high - value recurring revenue in KX , with Net Retention Rate increasing to 102 % from 99 % at the year end Reduced the sales cycle and the deployment effort required for KX , accelerating the time to value for our customers as we focus on growth in annual recurring license revenue Increased strategic engagement with major cloud partners , with multiple pipeline deals for KX Insights with Microsoft Azure , Amazon Web Services and Google Cloud ● Recognition from industry analysts Forrester and Gartner of KX's strengths in real - time streaming analytics