FDM Group (LSE:FDM) shares climbed 11% to 140p after the IT consultancy said full-year results for 2025 are expected to meet market forecasts, signalling stabilisation following a period of subdued client demand.
The company noted that while economic and geopolitical uncertainty continues to delay corporate decision-making, it has seen a modest recovery in activity since the summer, particularly in the UK, North America and Australia.
In response, FDM has cautiously increased the number of consultants in training across these regions.
At 31 October, FDM had 2,003 consultants deployed with clients, down from 2,173 in June and 2,906 a year earlier, reflecting ongoing softness in some markets.
However, the group continues to maintain a strong balance sheet, holding £40.1 million in cash and no debt.
Management reiterated a focus on cost control and operational flexibility, saying it remains “sufficiently agile to respond to evolving client demand” as conditions gradually improve.