Manchester’s NCC Group increases its worldwide staff count by 40%
NCC Group plc has released the final results of its financial performance over the 12 months leading up to May 31, showing a dividend increase of 14% and hiring 40% more employees worldwide.
The independent Manchester-headquartered provider of information security consulting services managed to increase its adjusted pre-tax profit to £25.5m, from £25.3m last year. Additionally, it boosted its global staff count to 1,388.
Reporting its results today (July 9), the group posted an adjusted operating profit of £26.4m, with the combined operating profit of its escrow and assurance services up by 11% to £33.1m, from £28.1m back in 2014.
NCC Group also reported a decrease in its operating profit, from £24.1m in 2014 to £22.6m, but increased its revenues by 21% to £133.7m, compared to last year’s growth of 12%.
NCC Group plc’s chief executive, Rob Cotton, said: “The Group has achieved yet another record year of strong international growth. We have completed a number of strategic developments and welcomed two very complementary businesses to the Group - Accumuli and Open Registry.
“Our two established businesses - Escrow and Assurance - saw organic revenue growth of 5% and 18% respectively, which together produced an 11% jump in adjusted operating profit before accounting for Domain Services.
Rob added: “Our emerging business - Domain Services - has been transformed and is well positioned to take advantage of the significant changes across the Internet as thousands of new Top Level Domains become available over the next few years.
“Our forward visibility has continued to increase and for the Group as a whole, renewals and order books now stand at £62.7m - we are confident of delivering another year of strong growth.”
In the current 2015/2016 period, NCC Group plc plans to achieve sustained growth by taking advantage of its global reach and product range. It has set its renewal forecasts and order book up to £62.7m, which represents an increase of 18%.
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