Revenue rose at global cyber security and resilience adviser NCC Group during the first half of its financial year but its pre-tax profits dipped, new figures have revealed.
The Manchester-based group has reported a revenue of £105.1m for the six months to November 30, 2021, up from the £135.6m it posted during the same period in 2020.
However, the company's pre-tax profits slipped from £9.7m to £8.4m.
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In a statement to the London Stock Exchange, the group said its second-half trading is "currently in line with expectations".
Chief executive Adam Palser said: "The strength of NCC Group stems from the quality of our people.
"I am delighted that, in these times of unprecedented demand for cyber and IT talent, we have significantly increased our technical headcount, produced more impactful research than ever before and delivered more value for our customers.
"As a result, the strong underlying growth from our Assurance business, coupled with the successful integration and positive trading of the IPM business acquired in June 2021, led to an excellent financial performance with double-digit revenue growth in the first half.
"We are particularly encouraged by the strong Assurance gross margin performance in the half, as it demonstrates our ability to use utilisation, pricing and global resourcing as levers to manage our way through the higher costs we expect to incur as we compete for talent.
"Accelerated digitisation, the rapid growth and sophistication of ransomware attacks and the implications of the largescale adoption of hybrid and remote working globally continue to provide fertile growth opportunities for our comprehensive cyber resilience services.
"With more software being deployed than ever before by a growing ecosystem of dynamic software companies, we continue to see great promise for our Software Resilience portfolio.
"We enter the second half of our financial year with a pipeline of opportunities and talent that leads us to expect further growth in the impact we have to our customers, the experiences we provide our people and, of course, our financial metrics."
