ECSC witnesses record level of consulting bookings

19th Nov 2019 09:59

(Sharecast News) - Cybersecurity provider ECSC Group said on Tuesday it had seen continued strong growth in consulting sales since posting its interim figures.
ECSC witnessed record levels of consulting, managed services and incident response revenue in the third quarter, with organic growth up around 25%. It has also seen record levels of consulting bookings so far in the fourth quarter.

As a result of the solid year-to-date performance, the AIM-listed group now predicts that its 2019 results will likely be broadly in line with current market expectations.

Chief executive Ian Mann said: "We are delighted to report such strong return to growth, and positive cash-flows since our interims for H1.

"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."

Mann added that increasing levels of cyber breaches and strong demand across all of its cybersecurity services had positioned ECSC "very well" moving into 2020.

As of 1000 GMT, ECSC shares had shot up 26.67% to 95p.