Northcoders Group creates jobs as half year revenues more than double


Northcoders Group said its revenue more than doubled to £2.37m for the first half of 2022, up 117 per cent on the same period last year.

The company said it had seen particularly strong demand for bootcamp training, posting £1.72 million in revenue for the first half of 2022, while Northcoders continued to build on its reputation as a leader in technology training

Gross profit rose 110 per cent to £1.66m and it announced further expansion of its business services arm, helped by the successful launch of a new developer incubator, the group’s ‘Teams-as-a-Service’ model, with the company Teams can hire junior developers managed by Northcoders’ in-house consulting team.

READ:  Choosing to have two jobs can be more satisfying than one

The number of employees in the group rose to 84 compared to 41 in the same period of the previous year.

Chris Hill, Chief Executive Officer of Northcoders, based in Leeds, said: “The more than doubling of revenue for the first half is testament to Northcoders’ growing reputation as one of the UK’s leading providers of technology training, with a business model that is evolving evolve to meet the needs of individuals and businesses alike.

READ:  High school basketball: Ranking the top coaching jobs in the Catholic League

“The Government’s continued support for technology training serves to highlight the significant digital skills gap in the UK.

“The shortage of skilled engineers is constraining the progress of companies across the country, which in turn is hampering a recovery of the domestic economy. Add to this a lack of diversity in the technology sector that demands immediate attention as it will ultimately further limit the supply of quality engineers and hampers the leveling-up agenda Demand for Northcoders services.

READ:  Specialty Care Building at UI Health opening up access to care, jobs
Chris Hill, Chief Executive Officer of Northcoders, said: “The more than doubling of revenue for the first half is testament to Northcoders’ growing reputation as one of the UK’s leading providers of technology training, with a business model that can evolve around the To meet the needs of private individuals and companies alike.”

“As the group moves into the second half of the year, Northcoders continues its growth strategy as a result of this continued demand and there is great confidence in the group’s ability to deliver sustainable and profitable long-term growth to all stakeholders.”

Northcoders has announced its results for the six months ended June 30, 2022



Source link