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NCC expects greater growth going forward

NCC expects greater growth going forward

International cyber security services group NCC has posted revenue above £150m for the six months ending 30 November, 2021.

Revenue grew 14.2% at constant currency and 10.7% at actual rates, driven by last year's June acquisition of IPM. Sales excluding IPM still grew 7.2% at constancy currency and 3.8% at actual rates.

The company said there was “good” sales growth in Assurance at 8.8% at constant currency, but that Software Resilience (excluding IPM) declined 3.3% at constant currency.

The company's operating profits slumped 8.2% to £10.1m, when compared to last year.

There was a “temporary slowdown” in Global Managed Services (GMS) growth of 6.8% at constant currency, said the firm. “We have the orders pipeline to drive a return to double digit growth in H2,” said the firm.

It added: “H2 2022 trading to date is currently in line with expectations following sales order momentum in December and January, with Software Resilience returning to revenue growth against H2 2021.”