NCC revenues up 28%
Computer security services firm NCC has continued to grow with revenue up 28% for the six months ended November 30th.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"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
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Nationwide hikes FlexPlus current account fee by £5 a month – is it worth it?
Nationwide’s FlexPlus current account is a favourite with customers, but it’s worth checking whether you are taking advantage of the perks after the monthly fee went from £13 to £18
By Katie Williams Published
-
Santander launches online pension that offers up to £1,000 cashback
Santander's self-invested personal pension offers customers cashback of up to £1,000 if they invest before 25 April next year - here is everything you need to know
By Chris Newlands Published