Crossword Cybersec - Trading Update
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("Crossword '' or the ''Company'')
Within revenues, as anticipated, income from Consulting and product sales were significantly higher than the comparative period in 2018, with planned reduction in revenues from software development. The Company expects to report total revenues slightly ahead of the comparative period in 2018 and remains confident that full year results will be in line with market expectations.
Among the highlights for the period are:
· Orders received for Rizikon Assurance during the period were more than double those received in the same period last year.
· The Rizikon Assurance pipeline more than doubled in the first six months of this year and now stands in excess of
· The Consulting division launched its vCISO service (virtual Chief Information Security Officer), securing its highest value, multi-year contract to date.
Tom Ilube, Chief Executive Officer, commented:
"The strength of the order book for both Rizikon Assurance and Consulting, and the growth in the pipeline, puts Crossword in a strong position for growth at the end of the first half of 2019. Our continued focus is on scalable, recurring product revenue, through conversion of pipeline into orders."
- Ends -
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Email: [email protected]
Tom Ilube, Chief Executive Officer
This information is provided by RNS, the news service of the
Quick facts: Crossword Cybersecurity PLC
Market Cap: £14.11 m
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