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Kainos expects sales for the year to end March to come in ahead of market expectations at £407m, up 11% year-on-year, although pretax profit is forecast to be in line mainly due to greater use of external contractors in order to cope with some of the large contracts won. At the year end, the workforce had grown by 21% to 3,475 people, includin... ...
The shares have broken the £10 level. As expected in our recent full write up, Kainos’ H1 results indicate a clear acceleration in growth momentum ahead. Revenue increased 7% to £196.1m, and is expected to move into double-digit growth in H2 driven by a 27% rise in bookings to £228m and causing an order backlog of £397m. Pretax profit declined 1... ...
MTEC provides digital transformation services to UK central government departments, local authorities and the NHS. The business therefore occupies a similar strategic space to Kainos (KNOS; 944p), though at a smaller scale, with 435 staff versus Kainos’ >1,200, and without the Workday SaaS solutions business. Made’s client base is entirely wi... ...
Interacting with the government in Britain is now almost entirely digital. Think about what you might have done recently: reported a missed bin collection online, booked a driving test, updated business rates via council dashboards, or wrestled with Companies House’s new ID checks across a patchwork of legacy systems. The paper forms may be gone... ...
Like this month’s main profile of Kainos (KNOS; 893p), Alfa is on an all-out recruitment spree. But the difference is that while Kainos integrates someone else’s platform (Workday), Alfa plays a very different game: it sells its own product - technology designed to power the complex world of auto finance. Think of it this way: when you buy a new... ...
Kainos (KNOS; 1700p) has been a spectacular winner for SCSW. I made the shares a main profile in the August ‘15 issue at 189p, shortly after the company floated and the shares have 9-bagged in six years (I added them to GP3 and it still holds!). I was therefore particularly interested to see its smaller rival, Made Tech, join AIM in September.Li... ...
Like many shares, general market jitters and profit taking has seen the price retrace despite Reach’s strong update highlighting that Digital revenues grew 17% in H2, offsetting print decline and ensuring overall sales growth. As Singer says, “FY21 Digital revenue forecasts have been upgraded five times since our initiation in Novemb... ...
Ahead of reporting on 16 November, Kainos said both divisions are trading positively. Digital Services (70% of revenues) continues to be driven by both the NHS and Public Sector launching new services, partly in response to the effects of Covid-19 and Brexit. Within Workday Practice (30% of sales), there have been healthy new sales leading... ...
The shares had already been climbing for weeks but went into orbit after Kainos said it expects profits to be substantially ahead of current consensus for the full year ending 31 March 2021. The news comes just three months into the year!Digital services work on the government’s COVID response programme and new systems ahead of Brexit have... ...
Ahead of full year results due on 26 May, Kainos has said these will be reassuringly in line (Investec’s forecast is £25.5m pretax profit and eps of 17p). The company continued to generate cash from operations and has a robust balance sheet with cash balances of £40m. Over 1,700 staff have moved to home working in a seamle... ...