Thursday July 3, 05:20 PM
Data protection fears help NCC
LONDON (ShareCast) - The economic downturn and publicity highlighting the government's data protection failures helped NCC Group (LSE: NCC.L - news)
post higher pre-tax profits and raise its dividend by nearly 50%. NCC (Stockholm: NCCB.ST - news) , which provides escrow software solutions and website and software security, saw pre-tax profits rise to £8.7m in the year to May 31 from £7.8m the previous year as turnover climbed to £35.7m from £25.4m. It raised its total dividend by 47% to 7p. The rise in turnover was helped by two acquisitions, but 17% of revenue growth was organic. The Manchester-based company said it benefited from the difficult economic conditions as companies sought to ensure they minimise risk by quickly taking up escrow services. The assurance testing division benefited from the stream of media coverage of government failures to keep data protected. The division's activities include "ethical hacking", which highlights security failures in software and websites. "The government is our best marketing department," chief executive Rob Cotton said. NCC said it has a strong order book, with total orders and renewals currently standing at £26.9m
|
Send Article by Email
