NCC, Manchester cyber firm, expects higher revenue

Manchester-based cyber security company NCC Group plc said on Thursday it “expects revenue for FY21 to be slightly ahead of the prior year.”

In a trading statement in advance of its preliminary results for the year ended May 31, 2021, NCC said: “The board expects revenue for FY21 to be slightly ahead of the prior year and for Adjusted EBIT (subject to audit) to be towards the higher end of consensus expectations, owing to better than expected trading towards the end of the year.

“For the current financial year (FY22), the board expects higher revenue growth accompanied by increased global costs from inflationary pressures as well as a resumption in travel and office usage …”

NCC Group CEO Adam Palser said: It is a pleasure to welcome our new team from the recent acquisition of Iron Mountain’s IPM division.

“Joining forces transforms our Software Resilience business, making it a market leader, and we look forward with confidence to the future.

“We will continue to invest in organic and inorganic growth opportunities, building on the strong foundations that we have put in place over the last three years to seize the opportunities presented by the ascendance of cybersecurity as a top priority for businesses globally.”

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Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.