NCC, Manchester cyber firm, ups revenue to £315m

Manchester-based global cyber security and risk mitigation firm NCC Group said its revenue increased 16.4% to £314.8 million in the year to May 31, 2022, and profit before taxation increased 109.5% to £31 million.

Final dividend is unchanged at 3.15p.

NCC Group CEO Mike Maddison said: “Evident in my first two months is the exciting opportunity that exists for NCC Group.

“Businesses fully recognise the need to invest in their resilience, and as the pandemic recedes and business activity normalises, this recognition is being met with action across our sectors and geographies.

“I want to build on the strong foundations NCC Group has achieved and capitalise on the accelerating appetite for cyber expertise we are now seeing through the investment in the NCC Group proposition, its operations and its people.

“With leading capabilities, global reach and fantastic talent throughout the group, I am excited to lead the business in creating value for all our stakeholders.” 

NCC chairman Chris Stone said: “I am pleased to report another year of strong progress in which NCC Group capitalised on accelerating demand throughout the year to achieve record revenue and profits.

“NCC Group’s vision is to be the leading cyber resilience provider globally, and we have put in place the fundamentals that enable our group to achieve this vision.

“We have enhanced our delivery capabilities, attracted brilliant people at scale and embedded an inclusive culture across the Group, all enabling the strong growth delivered in the year.

“Assurance’s successful year was driven by our performance in the US and UK, supported by Software Resilience’s return to growth in the second half, as compared to the prior year second half.

“The integration of IPM is substantially complete and the business has already made a positive contribution to the Software Resilience division’s performance, with a healthy pipeline heading into the new financial year.

“With our strong platform established and continued momentum in the market our newly appointed CEO Mike Maddison has joined the group at an exciting time.

“Mike brings a tremendous amount of energy, experience and industry insight to the CEO role and we look forward to seeing the group deliver the next phase of growth under his leadership.

“The cyber security market is only travelling in one direction, and we believe we are well positioned to capture the opportunities that this creates, making the world safer and more secure.”