NCC Group PLC - Manchester-headquartered IT security company - Expects to report revenue for financial year that ended May 31 to be slightly ahead of prior year and for adjusted earnings before interest and tax to be towards the higher end of consensus. Notes consensus ranges between GBP33.7 million to GBP36.2 million. Expects this earnings outcome due to better-than-expected trading towards end of year. For financial year ahead, expects higher revenue growth accompanied by increased global costs from inflationary pressures as well as a resumption in travel and office usage.
"The skill and determination of my colleagues in NCC Group have resulted in an excellent trading performance given the background of a global pandemic," says Chief Executive Adam Palser.
Current stock price: 289.50 pence, up 2.1% on Thursday
Year-to-date change: up 15%
By Lucy Heming;Â lucyheming@alliancenews.com
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Ncc (NCC)