- Additional investment in FY 2023 of c£5mn.
- “Lengthening of the sales cycle”
Shares in NCC (NCC) pulled back sharply after the cyber security group said that its revenue is now expected to increase year on year by single digits. In what is likely to become an increasingly familiar refrain, management pointed to a “lengthening of the sales cycle”. Customers have been delaying purchase orders, a partial reflection of tightened credit markets and the general business cycle.