Kainos reports 'very strong' demand amid continued digital investment
The IT provider said its “robust pipeline, strong balance sheet and significant contracted backlog” position it well for further growth
Company
LON:KNOS
Kainos Group PLC is a high-growth IT services company providing digital technology solutions and agile software development to enterprise customers.
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The IT provider said its “robust pipeline, strong balance sheet and significant contracted backlog” position it well for further growth
Global PMIs will show how the world's manufacturers are coping with the current headwinds
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Dividend payments and acquisition expenses dragged down period-end cash to £76.6mln, down from £80.9mln in 2021; cash conversion fell to 83% from 112% in 2021
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New and existing clients continue to prioritise digital solutions, according to the software company
The company will benefit by enhancing its North American and European presence by adding Blackline’s 50-plus management and procurement consultants
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The software group benefitted from organisations stepping up their digital efforts during the pandemic
Hardware & electrical equipment
The Consumer Electronics Show will be a virtual event this year. Well, if any show is geared up to go virtual, the CES should be it.
Hardware & electrical equipment
The tech highlights this week will be annual Consumer Electronics Show, which this year is all virtual, and the Samsung Galaxy Unpacked event on Thursday where Samsung is expected to unveil the Galaxy S21 series.
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The pandemic has exacerbated ongoing trends towards greater digitisation in the workplace
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A look at some of Wednesday's major share movers on the London Stock Exchange
UK tech stocks were boosted last week by bumper trading news and a special dividend from Kainos Group
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The medical software company's sales and profits are expected to be well up this year
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The IT provider said it remains cautious about the near-term economic climate and did not declare a final dividend
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The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
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The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
Builders and building materials
The FTSE 100 was set to break a losing streak, rising 58 points