22nd Jan 2019 10:29
LONDON (Alliance News) - ECSC Group PLC on Tuesday said it expects annual revenue to rise 30% after the cyber security services provider saw growth in all divisions.
ECSC shares were trading up 38% at 110.00 pence each on the back of the news.
For 2018, the company expects revenue to come in at GBP5.4 million, up from GBP4.1 million.
ECSC said it expects revenue in its Managed Services division to see growth "in excess of 50%" while the firm's Consulting Services will experience revenue growth "in excess of 25%".
Chief Executive Officer Ian Mann said: "We are delighted to report such strong organic growth for the full year, and moving back into profit, with continued emphasis on our Managed Services recurring revenue. The team continues to acquire new clients, deliver quality service, and build a solid base for ongoing growth."
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