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Kainos H1 profit, revenue rise amid 'robust' demand

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  1. 03 Jun, 2025
  2. Home
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Michele Maatouk Sharecast News
15 Nov, 2021 08:15

Kainos H1 profit, revenue rise amid 'robust' demand

dl kainos group technology digital services transformation outsourcing logo ftse 250
Kainos GroupSharecast graphic / Josh White

Kainos Group

731.00p

16:45 03/06/25
0.14%
1.00p

IT provider Kainos reported a jump in first-half profit and revenue on Monday amid "robust" market demand.

FTSE 250

21,017.78

17:14 03/06/25
n/a
n/a

FTSE 350

4,816.29

17:14 03/06/25
n/a
n/a

FTSE All-Share

4,766.13

17:14 03/06/25
n/a
n/a

Software & Computer Services

2,626.68

17:14 03/06/25
-0.03%
-0.75

In the six months to the end of September, pre-tax profit was up 3% to £24.8m, with adjusted pre-tax profit 12% higher at £29.2m. Revenue rose 33% to £142.3m and the interim dividend was lifted 11% to 7.1p a share. Bookings grew 81% to £187.4m.

Revenues in the Digital Services segment rose 32% to £94.2m as customers continue to prioritise digital transformation programmes across the healthcare, public and commercial sectors, Kainos said.

In Workday Practice, revenue was 34% higher at £48.1m, driven by 41% growth in Workday Services to £33.6m and 22% growth in Smart product to £14.4m. Kainos said Workday Practice "continues to grow internationally and secure new consulting contracts across our operating regions".

The company said: "During the early stages of Covid-19, we successfully adapted to the changing business environment, and we remain confident that we will be able to respond to any future challenges in the wider macro-economic environment.

"In the near-term, we anticipate that demand for all our services will remain high as the pandemic has accelerated the move towards greater digitisation.

"Over the medium-term, we remain well-placed to deliver further growth, as detailed in the following sections."

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