Kainos sees FY results in line with consensus expectations

(Sharecast News) - Kainos said on Thursday that its results for the year to the end of March are set to be in line with consensus forecasts.
In an update for 1 April to date, the FTSE 250 IT provider said trading remains resilient across its digital services and workday practice businesses, supported by long-term customer relationships and diversified revenues across customers, end markets and geographic regions.

Growth in the digital services segment remains driven by demand within the NHS and public sector, where the group continues to demonstrate its "strength as a key supplier in the UK Government's digital transformation programme".

Meanwhile, the workday practice business continues to benefit from its geographic spread, securing significant new consulting contracts nationally and internationally. The company's automated testing platform, Smart, is still wining new clients and driving "very strong" growth, it said.

"Notwithstanding this strong performance, a robust pipeline and significant backlog, we remain mindful of the current economic disruption caused by Covid-19.

"We maintain a close dialogue with our customers and partners, and continue to pay careful attention to the impact that Covid-19 related disruption may have on them."