Kainos Group announces 'solid performance' ahead of interim report
Kainos Group
909.00p
15:29 18/04/24
Digital services and platforms provider, Kainos Group said on Monday its full-year results were expected to be in line with current market expectations.
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Kainos said its digital services division "had delivered a solid performance" over the first five months of the financial year and had a "very strong pipeline in both digital transformation and workday implementation," with an increased pipeline of business in continental Europe at the latter.
The firm's digital platforms arm saw very strong growth, albeit with investment back into the Evolve Integrated Care Platform partially offsetting very strong growth at Worksmart.
A robust balance sheet and positive cash generation continued to benefit the firm.
The group said its unaudited reports for the half would be available on 27 November.
As of 1000 BST, shares had held steady, down just 0.41% to 286.15p.