(By Anthony Miller – Thursday, 16th April 2009 8:00am). Manchester-based security, escrow and testing specialists NCC Group appears to be holding up well according to today’s trading update (see here). Revenues for the recent 10 months grew 20% like-for-like and management expects the year (to 31st May) to meet expectations. Last year NCC turned over £36m at a 26% margin. When they acquired UK-based security software player, NGSS (Next Generation Security Software) late last year (see NCC beefs up security testing) I commented that NCC’s stock had been tracking that of Germany-based, London-listed testing player, SQS pretty closely. That’s still the case on a 12 month view, but more recently SQS has shown an edge. We still think testing is a great place to be when companies are ‘making do and mending’.
Thursday 16 April 2009
Security provides safe haven for NCC Group
(By Anthony Miller – Thursday, 16th April 2009 8:00am). Manchester-based security, escrow and testing specialists NCC Group appears to be holding up well according to today’s trading update (see here). Revenues for the recent 10 months grew 20% like-for-like and management expects the year (to 31st May) to meet expectations. Last year NCC turned over £36m at a 26% margin. When they acquired UK-based security software player, NGSS (Next Generation Security Software) late last year (see NCC beefs up security testing) I commented that NCC’s stock had been tracking that of Germany-based, London-listed testing player, SQS pretty closely. That’s still the case on a 12 month view, but more recently SQS has shown an edge. We still think testing is a great place to be when companies are ‘making do and mending’.
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