28th Apr 2016 06:54
LONDON (Alliance News) - Cyber security company NCC Group PLC said revenue surged in the first 10 months of its financial year, helped by robust organic growth and acquisition contributions.
NCC said revenue in the 10 months to the end of March grew 60% year-on-year to GBP166.1 million from GBP104.1 million. Organic growth contributed 21% of the rise, with the rest driven by the Fox-IT and Accumuli businesses NCC acquired in 2015.
Revenue grew in the group's Escrow division, with an line performance in the UK and good increases in the US, while its Assurance division saw revenue increase 74%, benefiting from the acquisition of Accumuli.
"This has been another period of strong and controlled revenue and profitable growth, organically and by acquisition," said Chief Executive Rob Cotton.
"We are firmly on course to meet our expectations for the current financial year. We remain confident that we will be able to maintain our double digit organic growth, supplemented by suitable acquisitions, as we are exceptionally well positioned to take advantage of the growing services led markets in which we operate," he added.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Ncc