Cybersecurity company specialising in digital identities, derived credentials and access control, Intercede received an order of $3.4m from the US Federal Government.
The order is for the continuation of yearly support and maintenance on an ongoing project from April 1, 2022 to March 31, 2023 with the US Federal Government.
- Advertisement -
As a result, the order will be recognised as annual recurring revenue for the new financial year ending March 31 2023.
A trading ppdate will be published as soon as possible after the company’s financial year ends on March 31 2022, in accordance with standard procedure.
Intercede shares increased 5.8% to 64p after receiving the large order from the US Federal Government.