Intercede reports strong half-year revenue growth
Intercede Group
190.00p
16:55 08/10/24
Cybersecurity software company Intercede reported strong revenue growth for the six months ended 30 September in an update on Tuesday.
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The AIM-traded firm said revenue was expected to reach £8.54m - a 22% increase compared to £6.99m in the first half of the 2024 financial year, and a 29% increase on a constant currency basis.
That performance was in line with management expectations.
As of 30 September, the company held gross cash balances of £16.2m, up from £9.7m at the same time last year.
At the end of March, cash balances stood at £17.2m, and the group remained debt-free.
Further details would be provided in Intercede’s final first-half results, which were scheduled for release on 26 November.
At 1542 BST, shares in Intercede Group were down 3.59% at 190.9p.
Reporting by Josh White for Sharecast.com.