*UKHotViewsExtra* NCC Group puts pandemic behind it to focus on long term growth

NCC Group’s FY21 results underpin a company in transition as it recovers from the economic disruption caused by coronavirus lockdown measures, breathes new life into its flagging Software Resilience business and capitalises on rising demand for managed detection and response (MDR) services.

The Manchester-headquartered cyber security firm changed the way it reports its revenue in 2021, combining the UK with the Asia Pacific (APAC) region, re-arranging its Assurance portfolio and transforming its Escrow business into Software Resilience.

NCC’s Assurance business in the UK was hit harder by the coronavirus pandemic than other geographies, and like FY21 the fortunes of the current financial year will depend on the speed and timing with which its domestic customers return to pre-pandemic buying patterns.

We think the worst is probably behind it, and NCC Group is likely to benefit from a wave of cancelled or postponed projects now being revived. But it will be the success of new products lines which are most likely to dictate the tempo in FY22. Subscribers to TechSectorViews can read our analysis of NCC Group's performance and strategy for future growth here.

TechMarketView clients, including HotViews Premium subscribers, can also access the research note here. If you don’t have a subscription you can contact Deb Seth for details.

Posted by: Martin Courtney at 08:22

Add a comment