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ECSC hails “strong return to growth” as revenues rise 25% in third quarter

As a result of the performance, the cybersecurity firm expects its full-year results to be “broadly in line with market expectations”

ECSC Group PLC - ECSC hails “strong return to growth” as revenues rise 25% in third quarter
Consulting bookings at ECSC reached record levels in the fourth quarter to-date

ECSC Group PLC (LON:ECSC) has hailed a “strong return to growth” after reporting record levels of Consulting, Managed Services and Incident Response revenue in its third quarter.

In a trading update following its interims in September, the cybersecurity firm said the three business lines had seen organic growth of around 25% in the period, while for the fourth quarter to-date consulting bookings reached record levels.

WATCH: ECSC Group pleased with strong recovery in consulting growth

ECSC has also recruited more sales partners, taking its total to 87, while cash at the end of October had also risen to £450,000 from £190,000 at the end of June.

As a result, the company expects its full-year results to be “broadly in line with market expectations”.

“Despite some challenging UK economic conditions, the team has continued to win new clients, and deliver outstanding levels of client service, reflected in improved financial performance across the group”, said ECSC chief executive Ian Mann.

The increasing levels of cyber breaches, and strong demand across all ECSC cyber security services, positions ECSC very well moving into 2020", he added.

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Price: 66 GBX

LSE:ECSC
Market: LSE
Market Cap: £6.61 m
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ECSC Group reports first half profit and strong growth in managed services

ECSC Group PLC's (LON:ECSC) Ian Mann tells Proactive they made an adjusted EBITDA profit for the first six months of 2020 following a jump in managed services recurring revenue. The cybersecurity group saw its recurring revenues rise by 25% to £1.17mln in the period while the managed services...

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