Intercede makes 'further good progress', revenues grow

Cybersecurity company Intercede said on Monday that it had recorded further "good progress" in the six months ended 30 September.

Intercede revenues for the period totalled £4.9m, approximately 9% higher year-on-year on a constant currency basis and 2% higher on a reported basis, in line with expectations and reflecting orders received from both new and existing customers.

The AIM-listed firm also stated that continued "tight cost control" had resulted in a positive operating cash flow during the period, with cash balances as of 30 September totalling £8.5m, up from £8.0m on 31 March.

As of 0825 BST, Intercede shares were down 1.03% at 90.56p.