NCC Group PLC - Manchester-based cybersecurity company - Tells annual general meeting in Manchester on Thursday that trading is in line with management expectations, and that its outlook for the full year is unchanged. With its annual results in September, NCC said it expected modest improvement in adjusted operating profit in both its Assurance and Software Resilience businesses in financial year 2024. NCC says it is progressing its 'next chapter' strategy. A total of GBP5 million in cost efficiencies planned for financial 2024 are being realised ahead of schedule, NCC adds. It also highlights the recruitment of Carolyn Hieken to be its US-based chief commercial officer. NCC will report the results for its half year that ends on January 25, rather than February 1 as previously announced.
Current stock price: 119.70 pence
12-month change: down 44%
By Tom Waite, Alliance News editor
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Ncc (NCC)