NCC organic growth boost revenues by 60%

Cyber security group NCC said revenues for the 10 months to end March soared 60% to £166m, adding that it was on track to meet full year expectations.

Organic growth was 21% against 14% in 2015. Net debt was almost halved to £18.5m after NCC's £126.3m fundraising, which partially financed the acquisition of Fox-IT in November 2015. The group's total debt facility was £115m.

"This has been another period of strong and controlled revenue and profitable growth, organically and by acquisition. We have also comprehensively expanded our product portfolio and geographic reach as we continue on our path to become the largest global, services led, cyber security business,” said chief executive Rob Cotton.

"The opportunities we are seeing from Fox-IT, which has been part of the group for five months and the fully integrated Accumuli business, acquired in May last year, are very exciting. We plan to start the global roll out of some of Fox-IT's products and services during the next financial year.”

"We are firmly on course to meet our expectations for the current financial year. We remain confident that we will be able to maintain our double digit organic growth, supplemented by suitable acquisitions, as we are exceptionally well positioned to take advantage of the growing services led markets in which we operate."

NCC shares rose 2.32% to 271p at 0949 BST.