Encouraging interim results from the UK’s longest-running ‘full service’ cyber security provider with strong revenue growth in the two key divisions: Assurance (+20%) and Managed Detection & Response (MD&R) (+17%) and group +15.3% to £3.0m. Higher utilisation in Assurance increased group gross margin (60.4% vs 56.1%) but the planned investment meant adj. EBITDA decreased to £19k (H1 FY20: £52k). The accelerated adoption of remote and cloud working occasioned by COVID-19 has increased the number ....
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Strong revenue growth across Assurance and MDR
- Published:
22 Sep 2021 -
Author:
David Johnson -
Pages:
7
Encouraging interim results from the UK’s longest-running ‘full service’ cyber security provider with strong revenue growth in the two key divisions: Assurance (+20%) and Managed Detection & Response (MD&R) (+17%) and group +15.3% to £3.0m. Higher utilisation in Assurance increased group gross margin (60.4% vs 56.1%) but the planned investment meant adj. EBITDA decreased to £19k (H1 FY20: £52k). The accelerated adoption of remote and cloud working occasioned by COVID-19 has increased the number ....