2nd Nov 2022 10:57
NCC Group PLC - Manchester-based cybersecurity firm - Says it continues to generate double-digit constant currency revenue growth in its Global Assurance division, which is accelerating as the year progresses. Says its Software Resilience division has experienced a "low single digit constant currency decline due to a recent sales reorganisation, which has stabilised, and revenue is now improving".
Expects adjusted operating profit for the half year ending on November 30 to be slightly ahead of the prior year. For the first half of financial 2022, adjusted operating profit amounted to GBP20.2 million. NCC says full-year outlook remains unchanged.
In September, NCC said pretax profit doubled to GBP31.0 million for the financial year ended on May 31 from GBP14.8 million the year before, as revenue rose by 16% to GBP314.8 million from GBP270.5 million.
Half-year results will be released on February 2 next year.
Current stock price: 200.70 pence, down 1.9% on Wednesday morning in London
12-month change: down 14%
By Xindi Wei; [email protected]
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