Profit slips but outlook positive at Intercede

Security software provider Intercede reported a fall in annual profit but remains confident about future trading amid a sharp rise in new customer accounts and strong growth in North America.

Security software provider Intercede reported a fall in annual profit but remains confident about future trading amid a sharp rise in new customer accounts and strong growth in North America.

The group, which issued a profit warning in February, said pre-tax profits fell to £0.9m in the year to the end of March from £2m the year before. Revenues increased to £7m from £6.9m a year ago.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.