Revenue up 12 percent at NCC Group
Revenue at NCC Group, Escrow Associates’ parent company, increased by 12 percent to £54 million ($88.5 million) in the six months up to November 30, 2013.
Reported operating profit at the firm, which is headquartered in the UK, rose by 43 percent to £11.6 million, up from the £8.1 million reported for the same period in the previous year.
International revenue now makes up 39 percent of group revenue, an increase fom the 35 percent for the same period in 2012.
Escrow revenue was up seven percent to £14.8 million (£13.8 million in 2012), while revenue in the assurance division rose 15 percent to £39.1 million.
Rob Cotton, Chief Executive at NCC Group, said it is one of the company’s “strongest” first half performances for a number of years.
Cotton also said that the group is becoming “increasingly confident” about Artemis and its project to develop a secure domain environment by operating a generic Top Level Domain (gTLD) owned by the group.
He added, “The feedback from testing customers has been very positive. With orders and renewals up 11 percent to £51.4 million and an exclusive agreement to acquire a gTLD - which will enable the Artemis service to be available from the start of the next financial year - we are confident of maintaining this strong level of organic growth.”
Published date:  16 January 2014