Intercede revenues grow in first half
Cybersecurity firm Intercede said on Tuesday that interim revenues had grown, in line with market expectations.
FTSE AIM All-Share
730.86
16:50 12/11/24
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Intercede Group
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16:55 12/11/24
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Software & Computer Services
2,454.32
17:09 12/11/24
-0.51%
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Intercede said revenues grew, across all segments, to £7.0m in the six months ended 30 September and were approximately 15% higher on a reported basis and 10% higher on a constant currency basis.
The AIM-listed group added that it had cash reserves of £9.7m at the end of the half, compared to £8.3m as at 31 March, reflecting positive operating cash flow and "continued tight control of working capital".
Intercede will publish its interim results in November.
As of 1110 BST, Intercede shares had shot up 11.36% to 49.0p.
Reporting by Iain Gilbert at Sharecast.com