ECSC.L Share News (ECSC)

(Alliance News) - Shares in ECSC Group PLC rose on Tuesday as it reported a strong growth in revenue from its operations since the first half of its financial year.

Shares in the cyber security services provider - which is headquartered in Bradford - were 13% higher at 85.0 pence on Tuesday in London.

ECSC said its Consulting sales for the second half of 2019 to date grew, and for the third quarter of the year, the company reported record levels of Consulting, Managed Services and Incident Response revenue.

On an organic basis, revenue grew by 25%. For the fourth quarter to date, ECSC reported record levels of Consulting bookings.

The company said it has continued the recruitment of sales partners, with 87 partners to-date generating over 100 new sales opportunities.

Looking ahead, ECSC expects its results for 2019 to be broadly in line with current market expectations.

"We are delighted to report such strong return to growth, and positive cash-flows since our interims for the first half. Despite some challenging UK economic conditions, the team has continued to win new clients, and deliver outstanding levels of client service, reflected in improved financial performance across the group," said Chief Executive Officer Ian Mann.

By Dayo Laniyan; dayolaniyan@alliancenews.com

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