Software firm Kainos has announced a 7% jump in revenue to £196.1m in its latest first half results.
The Belfast company said that “very strong” sales had driven its bookings 27% higher in H1 to £227.9m, as the IT provider reported growth in all three main segments of its business – Digital Services, Workday Services and Workday Products.
Kainos, publishing its interim results for the six months to 30 October, has also maintained its full-year profit expectations after its contracted backlog at the end of H1 increased 12% to £396.9m.
The group did report that its adjusted pre-tax profit declined by 16% in the period to £32m, citing a full period of investment to support its Workday partnership, as well as increased National Insurance costs.
However, the FTSE 250 listed company still revealed plans to launch a further share buyback programme of £30m, to be executed over a six-month period.
CEO, Brendan Mooney, said that a positive six months for Kainos had been “underpinned by success in securing several new contracts with new and existing customers”.
“This positions us for accelerated growth in the second half, with each of our divisions set to increase revenue,” he added. “We therefore anticipate a strong performance for Kainos as a whole.
“The UK Government sees technology as central to its mission to improve the quality and efficiency of public services, while making them easier for citizens to access. The significant programme wins in the period are testament to our capabilities in the public and healthcare sectors.”






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