NCC revenues up 28%

Computer security services firm NCC has continued to grow with revenue up 28% for the six months ended November 30th.

Revenue rose year-on-year from £33m to £42.4m, helping to boost profits from £5.3m to £7.8m.

Group Chief Executive Rob Cotton said: "A clear focus on our international growth strategy, which includes exploiting a number of growing market opportunities, has enabled us to deliver a very strong set of results with profits up 33%. We have increased the interim dividend by 23%, to reflect both our confidence for the future as well as our recent performance.

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"The cyber arms race continues to speed up, and with the technology revolution outpacing the ability of IT departments to cope with the plethora of security issues, we are well placed to maintain our growth momentum."

The firm also said that international revenue now contributes 31% of of group revenue, compared to 21% in 2010.

Orders and renewals are up 7% totalling £43.7m (£41m in November 2010) for the current financial year.

The interim dividend was increased from 4.15p to 5.1p.

The share price fell 2.95% to 855p by 12:32.

NR