ECSC Group sees strong rebound as coronavirus restrictions ease

What ECSC does

ECSC Group PLC (LON:ECSC) is one of the UK’s longest-running providers of cybersecurity services. Established in 2000, ECSC specialises in 24/7 security breach detection and artificial intelligence (AI).

The company’s services range from security management and consultancy to testing services which uncover vulnerabilities and technology labs that develop new solutions.

How it’s doing

In November, ECSC said third-quarter adjusted underlying earnings were exceeding GBP50,000 a month.

The group also said its revenue for the quarter had exceeded the average quarterly revenue seen in 2019, with Managed Detection and Response (MDR) recurring revenue up 22% compared with the same quarter of 2019.

In a sign of growing confidence, the group added that it has resumed recruitment in Security Operations Centres, partner and MDR sales and consultants to meet growing demand.

For the half-year to June, the group swung to an underlying profit of GBP52,000, from a GBP184,000 loss in the prior year,

What the boss says – Ian Mann

“We are pleased to announce continued positive momentum in revenue and adjusted EBITDA for Q3. ECSC is securing major contracts, adding partners to drive commercial opportunities and resuming recruitment, which demonstrates the resilience and strength of our business model in these challenging times.”