Manchester’s NCC back on track with £133m revenue

Shares of Manchester-based cyber security company NCC Group rose 3% on Thursday after it released half year results for the six months to November 30, 2019.

Group revenue rose 5.3% to £132.7 million for the half year and NCC said full year trading is expected to be in line with expectations.

NCC Group shares rose to around 214p to give the Manchester firm a current stock market value of around £580 million.

NCC Group CEO Adam Palser said: “We are now at the mid-point of our three year transformation programme and while work remains to be done, we are on track and I am pleased with the progress we are making towards NCC Group’s vision to become the leading cyber security adviser globally. 

“Our performance strengthened over the course of the period, and we enter the second half with positive momentum and a robust order book across our businesses.

“We remain excited by the group’s long term prospects and are confident in delivering full year performance in line with expectations.”