Notes to the Financial Statements continued for the year ended 31 May 2022
3 Alternative Performance Measures (APMs) and adjusting items continued Constant currency revenue continued Software Resilience continued Software Resilience revenue analysis – by originating country excluding the performance of IPM:
Constant currency revenue 2021 £m
% change at constant currency
Revenue 2022 £m
Revenue 2022 £m
Revenue 2021 £m
% change at actual rates
24.5
24.5
UK
25.2 (2.8%)
25.2 (2.8%)
7.5 4.1
7.5 4.1
North America
7.3 4.1
2.7%
7.1 4.0
5.6% 2.5%
Europe
–
Total Software Resilience revenue excluding IPM
36.1
36.1
36.6 (1.4%)
36.3 (0.6%)
20.2
20.2
IPM
–
n/a
–
n/a
Total Software Resilience revenue
56.3
56.3
36.6 53.8%
36.3 55.1%
Constant currency revenue H1 2021 £m
% change at constant currency
Revenue H1 2022 £m
Revenue H1 2022 £m
Revenue H1 2021 £m
% change at actual rates
12.2
12.2
UK
12.8 (4.7%) 3.7 (8.1%)
12.8 (4.7%)
3.4 2.0
3.4 2.0
North America
3.4 2.0
– –
Europe
2.0
–
Total Software Resilience revenue excluding IPM
17.6
17.6
18.5 (4.9%)
18.2 (3.3%)
9.3
9.3
IPM
–
n/a
–
n/a
Total Software Resilience revenue
26.9
26.9
18.5 45.4%
18.2 47.8%
Constant currency revenue H2 2021 £m
% change at constant currency
Revenue H2 2022 £m
Revenue H2 2022 £m
Revenue H2 2021 £m
% change at actual rates
12.3
12.3
UK
12.4 (0.8%) 3.6 13.9%
12.4 (0.8%) 3.7 10.8%
4.1 2.1
4.1 2.1
North America
Europe
2.1
–
2.0
5.0%
Total Software Resilience revenue excluding IPM
18.5
18.5
18.1
2.2%
18.1
2.2%
10.9
10.9
IPM
–
n/a
–
n/a
Total Software Resilience revenue
29.4
29.4
18.1 62.4%
18.1 62.4%
Software Resilience revenues analysed by service line:
Constant currency revenue 2021 £m
% change at constant currency
Revenue 2022 £m
Revenue 2022 £m
Revenue 2021 £m
% change at actual rates
38.1 18.2
38.1 18.2
Software Resilience contracts
24.0 58.8% 12.6 44.4%
23.8 60.1% 12.5 45.6%
Verification services
Total Software Resilience revenue
56.3
56.3
36.6 53.8%
36.3 55.1%
Software Resilience revenues analysed by service line excluding the performance of IPM:
Constant currency revenue 2021 £m
% change at constant currency
Revenue 2022 £m
Revenue 2022 £m
Revenue 2021 £m
% change at actual rates
22.6 13.5
22.6 13.5
Software Resilience contracts
24.0 (5.8%)
23.8 (5.0%)
Verification services
12.6
7.1%
12.5
8.0%
Total Software Resilience revenue excluding IPM
36.1
36.1
36.6 (1.4%)
36.3 (0.6%)
168
NCC Group plc — Annual report and accounts for the year ended 31 May 2022
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