Our investment case
Our strong historical performance and enduring ability to succeed in a rapidly changing market are a result of four characteristics that will continue to fuel our growth now and in the future:
The global market for cyber professional and managed services offers phenomenal potential for growth, now and in the future. As investment in cyber resilience becomes essential to organisations’ licence to operate, NCC Group’s addressable market is expanding.
Cyber security market size, 2018–2025 (USD billion)
Capex light
Commitment to sustainability
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Source: https://seekingalpha.com/article/4335822-check-point- software-market-misunderstands-subscription-growth.
Research driven
People centric
Our performance throughout the pandemic and beyond demonstrates our enduring and reliable business model in an agile market. We have grown revenue, gross margin and Adjusted operating profit 2 throughout a period of disruption. The performance of our key future service lines positions us to capture accelerating market growth. We have recurring high margin revenues and sustainable cash flows from our globally scalable Managed Detection and Response (MDR) and Software Resilience services, and a quality customer base. The acquisition of Iron Mountain’s Intellectual Property Management (IPM) business will be accretive to earnings per share (EPS). We expect revenue opportunities from offering a richer set of software verification and cloud and wider cyber resilience services to IPM’s extensive customer base over the medium term. +2.6% revenue growth +5.9% gross margin growth
2 S ee Note 3 for an explanation of Alternative Performance Measures (APMs) and adjusting items. Further information is also contained within the Chief Financial Officer’s Review and the Glossary of terms on pages 187 and 188.
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