1st Sep 2022 09:46
(Alliance News) - Kainos Group PLC on Thursday backed market forecasts for its current financial year, due to strong trading across both its business areas since the start of April.
The Belfast-based software company placed consensus at GBP62.7 million to GBP66.5 million in adjusted pretax profit on GBP335.7 million to GBP373.4 million in revenue.
Kainos explained that it is benefiting from its global presence and reputation, citing its appointment as Workday Phase 1 Prime Status Partner in the US in July, which means it has a "prime" status in all European and North American markets.
"While we are cognisant of the global macroeconomic landscape, our robust pipeline, strong balance sheet and significant contracted backlog underpin our confidence in our outlook. As a result, we believe that we are well-positioned for further growth and remain confident in our strategy," Kainos said.
Kainos will release its results for the half-year to September 30 on November 14.
Kainos shares were trading 1.0% higher at 1,375 pence each in London on Thursday morning.
By Tom Budszus; [email protected]
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