Cybersecurity company NCC Group plc has reported record revenue and profits.

The Manchester company, which is listed on the London Stock Exchange, grew revenues by 17.9% to £314.8 million in the 12 months to May 31st 2022.

The acquisition of IPM contributed £20m to those figures.

Operating profit increased 100.6% to £34.7m, while free cashflow prior to the acquisition costs of £7.3m was £53.9m, compared to £35.8m in the prior year.

NCC appointed a new CEO in Mike Maddison (pictured) two months ago after Adam Palser opted to step down after more than four and a half years in the role.

Maddison previously led EY’s cybersecurity, privacy and trusted technology practice for EMEA. 

 “Evident in my first two months is the exciting opportunity that exists for NCC Group,” he said. “Businesses fully recognise the need to invest in their resilience, and as the pandemic recedes and business activity normalises, this recognition is being met with action across our sectors and geographies. 

“I want to build on the strong foundations NCC Group has achieved and capitalise on the accelerating appetite for cyber expertise we are now seeing through the investment in the NCC Group proposition, its operations and its people.

“With leading capabilities, global reach and fantastic talent throughout the group, I am excited to lead the business in creating value for all our stakeholders.” 

The company saw growth across all of its key markets: the UK & APAC, North America and Europe.

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