ECSC again delivered profitable organic growth in 2016 with results marginally ahead of forecasts. It raised £5m with its admission to AIM in December 2016 to accelerate sales growth through hiring additional sales and business delivery resource to build up its managed security service clients. It is most encouraging that the recruitment process and expansion has gone to plan so far. With no forecast changes and increased confidence in our cash flow forecasts we increase our DCF-derived
22 Mar 2017
Platform in place for delivering growth
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Platform in place for delivering growth
- Published:
22 Mar 2017 -
Author:
Robert Sanders -
Pages:
12
ECSC again delivered profitable organic growth in 2016 with results marginally ahead of forecasts. It raised £5m with its admission to AIM in December 2016 to accelerate sales growth through hiring additional sales and business delivery resource to build up its managed security service clients. It is most encouraging that the recruitment process and expansion has gone to plan so far. With no forecast changes and increased confidence in our cash flow forecasts we increase our DCF-derived