Here is a summary of the key points from the trading update provided by NCC Group plc
NCC Group plc, a global cyber security and software escrow business, released an unaudited trading update for the four months ending September 30, 2024.
The company experienced better-than-expected performance in its Cyber Security division during the period, resulting in increased expectations for overall revenue and adjusted operating profit.
Revenue is now expected to be approximately £104 million, representing a 4% growth rate versus the same period in 2023.
Adjusted operating profit is expected to be around £6 million, a significant improvement from the previous years adjusted operating loss of £1 million.
The Groups CEO, Mike Maddison, attributed the positive results to the actions taken to align global delivery and operational headcount, as well as the ongoing transformation journey to simplify the business and build out core Cyber Security capabilities.
The audited group results for the 16 months ending September 30, 2024, will be published on December 10, 2024.
NCC Group plc emphasizes its commitment to creating a more secure digital future through its global team of cyber security experts.