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ECSC Group recruiting again to meet growing demand

The cybersecurity firm issued an upbeat trading statement covering the second half of the year so far

ECSC Group PLC -

ECSC Group PLC (LON:ECSC), the provider of cybersecurity services, said it saw momentum continue in the third quarter with adjusted underlying earnings exceeding £50,000 a month.

The group also said its revenue for the quarter had exceeded the average quarterly revenue seen in 2019, with Managed Detection and Response (MDR) recurring revenue up 22% compared with the same quarter of 2019.

In a sign of growing confidence, the group added that it has resumed recruitment in Security Operations Centres, partner and MDR sales and consultants to meet growing demand.

"We are pleased to announce continued positive momentum in revenue and adjusted EBITDA for Q3. ECSC is securing major contracts, adding partners to drive commercial opportunities and resuming recruitment, which demonstrates the resilience and strength of our business model in these challenging times,” said Ian Mann, the chief executive officer of ECSC in the trading update.

"We believe the group is well-positioned to continue to deliver quality services meeting growing demand from existing and potential clients despite continuing COVID-19 related regional lockdowns," he added.

Quick facts: ECSC Group PLC

Price: 70 GBX

LSE:ECSC
Market: LSE
Market Cap: £7 m
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