29th May 2018 09:18
LONDON (Alliance News) - Kainos Group PLC said Tuesday its revenue grew 16% in 2018 on the back of a strong increase in sales orders.
For the financial year that ended in March, the digital software provider reported revenue of GBP96.7 million, up from GBP83.5 million in financial 2017.
Kainos said its sales orders increased 38% to GBP130.7 million from GBP94.8 million the year before.
Total sales orders included GBP13.3 million of Software-as-a-Service product sales orders. The contracted backlog for the group increased by 45% to GBP110.7 million.
Kainos's pretax profit rose 7.5% to GBP14.3 million from GBP13.3 million year-on-year.
The company lifted its dividend by 5% to 6.6 pence from 6.3p.
"We remain focused on providing exceptional careers for our staff and exceptional digital products and services for our customers. The group's pipeline of prospects continues to strengthen across all divisions and the board believes that the group is well-positioned for growth both in the short term and in the coming years," Chief Executive Officer Brendan Mooney said.
Kainos shares were trading up 2.4% on Tuesday morning at 396.16p.
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