Kainos sees annual results ahead of market consensus
IT provider Kainos Group lifted full-year guidance as it reported strong trading momentum towards the end of 2020.
“The continued momentum in our business has driven a strong trading performance and we therefore expect results for the year ending 31 March 2021 to be ahead of current market consensus expectations,” the company said on Friday.
“Looking ahead, our robust pipeline, strong balance sheet and significant contracted backlog underpins our confidence in our outlook,” it added.
Kainos said it was working on “several substantial, long-term engagements as part of the UK government's digital transformation programme, including supporting the NHS as it responds to Covid-19”.