Sunday, July 21, 2024

Record revenues for Lutterworth cybersecurity software company

Revenue and profit have soared at Intercede, the Lutterworth cybersecurity software company specialising in digital identities.

According to preliminary results for the year ended 31 March 2024, the business delivered record group revenues of £20 million, 65% higher than its prior year (£12.1m).

Meanwhile, pre-tax profit ascended to £5.6m from £0.6m.

Intercede noted that FY24 was “an exceptional year” and that it continues to invest in its colleagues, IT Infrastructure, product development, sales and marketing to maintain and sustain current momentum.

It added: “We embark into FY25 with good visibility on the pipeline, known and fully resourced internal critical investments, and with a clear roadmap on our acquisition strategy…. The focus is on growth and execution of strategic plans to deliver it.”

Royston Hoggarth, chairman, said: In this challenging global environment, the Group has delivered record revenues in what has been an exceptional year. We look forward to building on this momentum.”

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