Intercede revenues grow in first half

10th Oct 2023 11:13

(Sharecast News) - Cybersecurity firm Intercede said on Tuesday that interim revenues had grown, in line with market expectations.

Intercede said revenues grew, across all segments, to £7.0m in the six months ended 30 September and were approximately 15% higher on a reported basis and 10% higher on a constant currency basis.

The AIM-listed group added that it had cash reserves of £9.7m at the end of the half, compared to £8.3m as at 31 March, reflecting positive operating cash flow and "continued tight control of working capital".

Intercede will publish its interim results in November.

As of 1110 BST, Intercede shares had shot up 11.36% to 49.0p.

Reporting by Iain Gilbert at Sharecast.com