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Intercede receives US$4.6mln from US government

Half of the order is included in the accounts for the year ending 31 March

Intercede Group - Intercede receives US$4.6mln from US government

Intercede Group PLC (LON:IGP) jumped on Tuesday after announcing a “large” order from the US Federal Government order totaling US$4.6mln.

In a brief statement, the IT firm specialising in citizen and workforce digital identities said the order includes software licenses as well as annual support and maintenance.

The contract was part of the board’s expectations for the year and US$2mln will be included in the accounts for the year ending 31 March.

Shares rose 12% to 46.2p on Tuesday morning.

Quick facts: Intercede Group

Price: 52.9 GBX

AIM:IGP
Market: AIM
Market Cap: £26.71 m
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