NCC on course to deliver growth

15th Apr 2010 09:33

IT security firm NCC Group said trading performance remains in line with the board's expectations and on course to deliver the anticipated levels of growth and profitability. "Whilst the economy has not materially picked up, both of the Group's divisions are trading well ahead of last year," it said. In the first 10 months of the financial year, revenues are 13% ahead of the same period last year.Group Escrow saw 10% revenue growth to date in this financial year Renewals are now forecast to be £14.5m for the year to 31 May 2010 against £13.6m in the same period last year. The Assurance division saw a 16% growth in revenue in the period. NCC has negotiated a new banking facility with RBS, which it said will ensure it has the necessary capability to meet its acquisition objectives."NCC Group remains well on course to deliver another strong year, in line with market expectations and is well positioned for continued long term, sustained growth," added the group.