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Intercede Group PLC on Monday said it expects its full-year revenue to beat market consensus, after performance ‘continued to show strong momentum’.
Shares in the Lutterworth, England-based cybersecurity software company were up 4.7% to 64.88 pence each in London on Monday around midday. Over the last 12 months the stock is up 27%.
Intercede expects revenue for its financial year ended March 31 to be ‘just over’ £12.0 million, up from £9.9 million a year earlier. This marks a 21% to 22% increase, Intercede noted.
This is also slightly ahead of market forecasts of £11.9 million.
‘The combined effect of increased revenues and tight management of costs under the group’s control, is expected to result in improved profitability, subject to completion of the year end audit,’ Intercede said.
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