ECSC Group shares rally on trading update
shares rallied after it said it experienced strong growth in Consulting sales, with record levels of Consulting bookings in Q3 and Q4 to-date.
The cyber security services provider said that Consulting, Managed Services and Incident Response revenue in the third quarter experienced an organic growth rate of about 25%.
ECSC also said it continued recruitment of sales partners, with 87 partners generating over 100 new sales opportunities.
Shares in ECSC Group were trading 23.33% higher at 92.5p during Tuesday morning trading
Ian Mann, CEO of ECSC, commented: "We are delighted to report such strong return to growth, and positive cash-flows since our interims for H1.”
He said: “Despite some challenging UK economic conditions, the team has continued to win new clients, and deliver outstanding levels of client service, reflected in improved financial performance across the Group.”
He added: “The increasing levels of cyber breaches, and strong demand across all ECSC cyber security services, positions ECSC very well moving into 2020."
ECSC had £450,000 cash at 13 October 2019.
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