Double-digit revenue growth, with an expanding and geo-diversified pipeline, has put Intercede, the cybersecurity software company, on track to meet market expectations for the year.
The Lutterworth business is “pleased” with its interim results for the six months ended 30 September 2024, in which revenue grew to £8.54m, up from £7m in the same period of the year prior.
Profit before tax, meanwhile, ticked up to £1.7m from £1.1m.
Royston Hoggarth, Chairman, said: “I am pleased to state that the Group is achieving its key objectives of delivering double digit growth both in revenue (adjusting for the exceptional licence order in December 23) and profit before tax.
“Furthermore, today we announce our new standalone product MyID SecureVault which already has significant client and prospect interest, emphasising not only the capabilities of the Group but also its ability to seek and nurture new market opportunities.
“With strategic investment in products and colleagues being maintained, I am also pleased at the level of commitment and talent our colleagues give in helping to deliver and achieve the Group’s growth ambitions.
“The momentum we had in FY24 has, on a like for like basis, further grown in FY25 and our results illustrate that. As the pipeline diversifies and expands, we are in a strong position to achieve our financial performance goals for FY25.
“Following on from the UK Budget and conclusion of the American elections, we hope there is now more stability in the macro-economic environment in the coming years.”
