Kainos full-year results to come in at top end of market expectations

(Alliance News) - Kainos Group PLC on Friday said it expects results for its recently-ended financial year to be at the top end of market forecasts.

The momentum communicated back in January has been maintained, the IT services provider said, and as such it expects results for the financial year ended March 31, to be at the upper end of current market consensus forecasts.

In both its Digital Services and Workday Practice divisions it has seen continued robust demand from existing and new customers despite Covid-19 uncertainty.

"Looking ahead, our robust pipeline, strong balance sheet and significant contracted backlog underpins our confidence in the outlook. And whilst we are mindful of the ongoing challenges caused by Covid-19, we believe that we are well-positioned for further growth and remain confident in our strategy," said Kainos.

By Lucy Heming; lucyheming@alliancenews.com

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