Highlights
GAAP measures
Revenue £314.8m
Operating profit 1 £34.7m
Basic EPS 1 7.4p
22
22
22
18
19
20
21
18
19
20
21
18
19
21
20
Alternative Performance Measures 1
Net (debt)/cash excluding lease liabilities 1 £(52.4)m
Adjusted operating profit 1 £48.1m
Adjusted EPS 1 10.8p
22
22
22
18
19
21
18
19
21
18
19
20
21
20
20
Footnotes 1 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 56 to 63 and 203 and 204 respectively.
Headlines
IPM integration substantially complete with the focus to increase revenue and profitability
Strong Assurance revenue growth, with H2 revenue growth momentum
Record revenue and profits as we continue to successfully execute our strategy
Gross margin increased to 42.1% due to the impact of the IPM acquisition, offset by overall Assurance margins and a decline in our existing Software Resilience business
Software Resilience revenue excluding IPM acquisition 1 declined by 1.4%, however returned to growth in H2
Net debt excluding lease liabilities increased to £52.4m mainly due to IPM acquisition
NCC Group plc — Annual report and accounts for the year ended 31 May 2022
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