13th Jul 2021 15:37
(Alliance News) - ECSC Group PLC on Tuesday reported growth in revenue for the first half of 2021, with stronger performances from all divisions.
Shares in ECSC were up 3.0% at 85.00 pence each in London on Tuesday afternoon.
The Bradford, England-based provider of cyber security services posted revenue for the six months ended June 31 of GBP3.0 million, a 15% increase from GBP2.6 million the year before.
This was due to growth from the Managed Detection & Response division, as well as Assurance.
Also on Tuesday, ECSC announced that Chief Technology Officer Ian Castle well step down from the board with immediate effect after overcoming a recent health condition. However, he will continue in his current role on a part-time basis.
"We are pleased to report that ECSC's momentum has continued into the first half of this year, with strong growth across both our MDR and Assurance divisions, owing in part to our focus on converting increasing numbers of Assurance clients and those with incident response retainers to long-term MDR clients," said Chief Executive Ian Mann.
"Following the relatively short-term impact of Covid-19 in 2020, the teams have adapted well to new ways of working within both our sales and delivery functions, and the group is well positioned to maximise opportunities in a recovering economy," Mann added.
ECSC will publish its interim results on September 22.
By Amrit Sahota; [email protected]
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