Kin + Carta rallied 14% and said profits would be ahead of expectations.
It’s been a tough few months for the digital transformation consultant with the shares shedding 70% of their value since November, but the fourth quarter saw a recovery, it said.
Net revenues were £48 million, in the middle of guidance, with the full-year outcome for the year to end July 2023 now to be flat at £192 million.
Annual operating profits of £17.9-18.4 million, however, are 10-14% ahead of forecast and reflect self-help and cost-cutting measures, according to the trading update.
Financial year 2024 has started with a healthy order backlog and K+C expects "further sequential net revenue growth" in the first quarter.
Kelly Manthey, chief executive, commented: "We executed through a challenging second half to return to modest quarterly growth with an improved cost base.
“While macro challenges remain across the sector, I am encouraged by the start to the first quarter underpinned by a solid foundation of enterprise clients."
Shares rose 8.5p to 72p.