Syed says Misys, whose more-lucrative software revenues have more than doubled since 2012, is well placed to benefit from the squeeze on big financial institutions from factors such as increased regulation and the rise of challengers.
“That has pushed the big players away from building their own software to more off-the-shelf products provided by Misys. “Financial services is going through a massive shift,” he said.
The Misys boss sees a “tremendous opportunity for growth in the future” with little turbulence from June’s historic vote to leave the EU.
“We believe London and the UK will continue to be a massive financial hub.... Brexit or otherwise, there is a need for our systems. They are mission critical,” he added.
Misys made €293.9 million (£231 million) in underlying profits on €811.4 million of revenues in the year to May.
