NCC reiterates full-year expectations, 'vigilant' on economic uncertainty

2nd Nov 2022 08:21

(Sharecast News) - NCC Group continued to see accelerating growth in its Global Assurance arm, the cybersecurity specialist said ahead of its Annual General Meeting.

It also reiterated its expectations for the full-year, even while stating that it remained "vigilant" of any potential impact from current global economic uncertainty.

"Given our solid platform, our strong sales pipeline and the momentum in the business, management expectations for the full year are unchanged, although we remain vigilant of any potential impact from current global economic uncertainty," the company said.

In an update on current trading, the company said the Assurance division continued to see double-digit constant currency sales growth.

Software Resilience on the other hand had experienced a low single-digit constant currency decline on the back of a recent sales reorganisation, which had since stabilised and sales were now "improving".

Adjusted operating profit for the first half was expected to come in slightly ahead of the previous year, despite the cost of hosting its fist in person NCC conference since 2019 in June.

The company also called attention to the fact that it was a net beneficiary of the strong US dollar as a result of the scale of its operations in the USA.

NCC was scheduled to post its half-year figures on 30 November.

As of 0840 GMT, shares of NCC were edging higher by 0.24% to 205.0p.