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CNS Group celebrates record Q3 for sales and profits

by Giulia Foss | 01 Nov 2017

London — 1st November 2017 - CNS Group, one of the country’s leading cyber security consultancies delivering services into government and the private sector, today announced another record breaking quarter. The group has seen a substantial increase in revenues, operating profit and EBITDA for Q3, 2017.

CNS Group’s continued growth is a result of the company securing several major new business wins.  With a distinct rise in the number and size of organisations bringing on board their government accredited Managed Security Services, profits have risen sharply. The uptake of these services has been led by key sectors including government, retail, legal, financial and professional’s services.

As well as the increase in companies onboarding Managed Services, CNS Group’s financial success is attributable to the recent launch- and uptake, by a number of new and existing clients - of their ground-breaking cyber security maturity benchmarking consultancy service, Aegis.

The combination of these factors has seen CNS Group hit their outlined growth budget at the end of Q3, with Revenues up 15% on 2016 to £4.425 million and EBITDA up 71% to £533,000. CNS Group are on track to exceed their full year target of £6 million revenue and £725,000 EBITDA, up from £5.4m and £350,000 in 2016.

CNS Group CEO, Shannon Simpson said of the results “I’m very pleased that we are seeing the results we set out to achieve. By focusing on our core services of consultancy and Managed Security Services, and by understanding the needs, wants and pains of the market, we have not only achieved success as a company, but have also enabled our clients to realise their goals.”

Simpson went on to say. “We have set ourselves aggressive targets and the team have been working together to deliver on them. The growth we’re seeing is sustainable, with some great marquee clients in our specialist sectors. As we continue to invest heavily in our capability and scalability, we are confident that we will build on 2017’s success as we move into new year. We are continuing to see trends, with the greatest demand for our services in the public sector and compliance-driven mid corporate business. There has also been a notable growth in our white labelled services into the service provider market. With a number of key partners signing up to our services, this shows no sign of slowing down. Our success is built on constant innovation and excellence in consultancy and service delivery, and we have an ambitious investment plan for 2018 to support this.”

About CNS

CNS are an entirely UK based company of Cyber Security Specialists, who have been operating within the Public and Private sectors for nearly 20 years, providing advisory, testing and security solutions, meeting multiple standards of accreditation and providing dedicated government accredited Cyber Security services.

For more information about CNS Group’s Managed Security Services, Consultancy services, or to book a cyber security consultation CLICK HERE

or email info@cnsgroup.co.uk

For more press information about CNS Group, please contact:

Giulia Foss
giulia.foss@cnsgroup.co.uk 

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