NCC Group full year results for the 12 months to 31 May 2021

Today, NCC Group published its full year results for the 12 months to 31 May 2021.

We share the highlights below and Chief Executive Officer, Adam Palser's thoughts on the last 12 months.

To view the results press release, presentation and video, please visit our Investor Relations website here

Highlights include: 

• Strong trading performance despite the pandemic
• Another year of excellent cash management
  
• Successful acquisition of strategic and financial importance
  
• Exciting development and growth of key service lines for the future
  
• Our cyber and software resilience markets continue to offer excellent long-term growth prospects

Adam Palser, Chief Executive Officer, commented:

"Thanks to the hard work, dedication and skill of my NCC Group colleagues, FY21 was a year in which we made demonstrable progress towards our vision to be the leading cyber resilience provider globally. Revenues grew despite the disruption caused by the pandemic, and improved profitability and excellent cash generation flowed from the greater control enabled by our Securing Growth Together programme.

Cyber resilience has never been more of a priority than it is today. The connected environment continues to grow thanks to digital transformation and the rapid adoption of cloud technology - which was already underway but has been greatly accelerated by the pandemic - leaving inadequately-secured organisations ever more vulnerable to disruption, fines and, in extreme cases, failure. This makes our market a very exciting one, and our investment and ever-growing capabilities leave NCC Group well positioned to capture the accelerated market growth we anticipate as business activity normalises."

Image: Shutterstock_1499306735