Intercede proceeds jumps 32% on robust licence gross sales

Intercede reported a 32% rise in first-half proceeds, pushed by robust demand for its digital id software program throughout authorities and defence prospects.

The cybersecurity specialist mentioned proceeds for the six months to 30 September rose to about £10.85m, from £8.21m a 12 months earlier, led by a greater than doubling of perpetual licence gross sales to £2.73m.

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Its recurring help and upkeep proceeds held regular at £5.64m. The firm ended the half with gross money of £23.4m and no debt.

Since early August, Intercede mentioned it had secured round £3m of latest contract orders and renewals, largely throughout its core US authorities, defence and aerospace exchanges.

These included orders tied to US Federal Government and Department of State deployments, and it additionally acquired authority to proceed on a improvement challenge for a US federal company.

The firm mentioned it had made begin to the second half and anticipated full-year outcomes to be in step with market expectations. Interim outcomes are due on 24 November.