4th Feb 2019 09:28
LONDON (Alliance News) - Kainos Group PLC on Monday said it expects its annual results to be "ahead of current market expectations" as it continued to see "very strong momentum".
For the financial year ending March, the consulting and business software provider's board guided for results beating market views as all its core markets operations reported growth so far.
"Growth in Digital Services continues to be very strong, with ongoing demand for both Digital Transformation and Workday Services, across government and commercial clients. Digital Platforms continues on its growth trajectory, in line with previous guidance," Kainos added.
The company will publish its annual results on May 28.
In financial 2018, Kainos recorded GBP14.3 million in pretax profit on revenue of GBP96.7 million. In the first half of the current year, the company recorded pretax profit of GBP8.7 million on revenue of GBP67.2 million.
Kainos shares were trading up 6.0% at 450.60 pence each on Monday.
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