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LONDON (Alliance News) - Cybersecurity company Intercede Group PLC on Tuesday said its pretax loss narrowed in the first half thanks to an improvement in revenue.
Intercede said its pretax loss for the half to the end of September was GBP432,000, compared to a GBP1.1 million loss a year earlier. Revenue rose to GBP5.5 million from GBP4.0 million, with the benefit of this slightly offset by a rise in operating costs as the group ramped up its business.
The company signed four new contracts in the half, with a US healthcare company, a US federal agency, a US bank and via is Citrix parntership agreement.
"We continue to execute our strategy of attacking multiple markets within the broader spectrum of identity and credential management," said Richard Parris, Intercede's chairman and chief executive.
Shares in Intercede rose 4.4% on Tuesday morning to 135.1999 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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