Cyber security services provider ECSC Group has won managed services contracts worth more than £400,000 over three years with two well-known retailers and a technology company.
The 2018 figures were inn line with expectations with revenues increasing from £4.12m to £5.38m, while the underlying loss fell from £3.16m to £1.03m.
The managed services order book was worth £2.5m at the end of 2018 and the latest wins, plus another contract worth £300,000 over three years won earlier in the year, will add to that.
Revenues of £6.46m are forecast for 2019 and the loss is expected to be much smaller following a full year’s benefit of cost savings.
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