Intercede Share News (IGP)

Intercede said its new financial year has started strongly with revenues doubling on an annualised basis.The secure identity and credential management group posted revenues in the first quarter of £2.7m, the double of same time last year and an increase of 34% from the last quarter of the last financial year.During the quarter, Intercede secured a contract with one of the largest US healthcare corporations. It also sold its mobile derived credential solution and signed a new agreement with a US West Coast bank."These contracts will all yield further revenues during the current year and beyond. The strong start to the year provides a solid base to meet market expectations for the year," Intercede said in a statement.FinnCap analysts said the update provides "credibility for unchanged full-year expectations", supported by "recognised contracts delivering further revenue in both the current year and beyond".Shares jumped 6.5% to 101p on Monday at 1324 BST.