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Northcoders Group PLC ( (GB:CODE) ) has provided an announcement.
Northcoders Group PLC reported a 24% increase in unaudited revenue for FY-2024, aligning with market expectations, driven by a growing demand for digital training. Despite macroeconomic uncertainties, the company’s Training Bootcamp division showed resilience with significant enrollment growth, and its consultancy brand, Counter®, secured a contract with a large airport group. The acceptance onto the G-Cloud 14 government framework enhances their public sector positioning. While government changes have affected public funding timing, Northcoders has streamlined operations to mitigate potential costs from changes in Employer’s National Insurance. The company remains confident in its strategic positioning despite challenges in the hiring market.
More about Northcoders Group PLC
Northcoders Group PLC is a UK-based market leader in technology training, offering programs in software development, data engineering, and cloud engineering (DevOps). The company focuses on addressing the national digital skills shortage through its premium training programs and has expanded its reach across the UK.
YTD Price Performance: -12.33%
Average Trading Volume: 4,746
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £12.82M
For an in-depth examination of CODE stock, go to TipRanks’ Stock Analysis page.