AIM-listed ECSC Group saw sales for its cyber security services grow 15% to £3m for the half-year up to 30 June, 2021.
The managed detection and response (MDR) division revenues jumped 17% year-on-year to £1.45m and the assurance division (testing, standards and certification services) saw a 20% rise in sales.
Gross profit rose 24% to £1.82m, although the adjusted EBITDA profit fell from £52,000 last year to £19,000 this time.
“We saw strong growth across both our MDR and assurance divisions, driven in part by a rise in cyber security incidents,” said Ian Mann, chief executive officer of ECSC. “Contributing to this is the number of organisations opting for remote and cloud working during the Covid-19 pandemic. Cyber security remains a key priority for all organisations, particularly as many employees begin to shift to a hybrid of remote and office working, calling for increased focus on cyber security.”
He added that ransomware attacks also continued to pose a significant threat to organisations, with a “high number of companies suffering substantial disruption”.
The MDR division now accounts for 48% of revenue, compared with 29% at the company's IPO at the end of 2016.
ECSC operates from two security operations centres (SOCs), with one located in Bradford, West Yorkshire, in the UK, and the other in Brisbane, Australia.
