Kainos trades in with current FY consensus forecasts

(Sharecast News) - IT provider Kainos said on Tuesday that full-year revenues and adjust profits were both expected to meet current consensus forecasts as trading continued to be "very strong", new and existing clients maintaining or increasing their levels of investment in digital solutions.

Kainos stated that against a backdrop of "strong market demand in the UK", its digital services teams delivered "major transformation programmes" to new and existing clients across the public, commercial and healthcare sectors. While international engagements also grew in scale, with positive progress in both Europe and Canada.

Over at its Workday Practice, Kainos said it continued to benefit from a well-established global presence, which was enhanced through the year via the acquisitions of Cloudator, Une Consulting, Blackline Group and Planalyse.

"Our performance has been underpinned by our long-term customer relationships, and we remain extremely grateful to our customers for the trust that they have placed in Kainos to help them deliver their ambitious digital projects," said Kainos.

"Looking ahead, 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 Group