NCC Group plc provided trading guidance for the first half and full year 2024. The Group is trading in line with management expectations in the first half and management expectations for the full year remain unchanged. Within Cyber business, Managed Services revenue has continued to grow strongly whilst revenue in Technical Assurance has remained stable since the reductions seen in second half of fiscal year 2023.

As planned, utilisation has improved in the first half which has contributed to an improvement in the gross margin percentage. Escode - software resilience (Escrow) business has delivered another two consecutive quarters of underlying year on year revenue growth driven by increased verification revenues and contract pricing increases.