Kainos Group PLC (LSE:KNOS) reported trading remained strong in the first half as customers maintain spending on digital projects.
In a trading update, the IT provider said as a result it expects results for the full year ending 31 March 2024 will be in line with a company-compiled consensus for revenue of £418.2 million-£434.2 million and adjusted pre-tax profit of £72.6 million-£78.1 million.
Kainos said its Digital Services division has delivered a solid performance with sustained demand from public sector clients while its Workday Services division continues to generate strong growth.
Within the Workday Products division, its three products, Smart Test, Smart Audit and Smart Shield continue to deliver very strong growth, Kainos said.
Looking forward, Kainos said a robust pipeline, strong balance sheet and significant contracted backlog supports confidence about the future.
Results for the six months ending 30 September 2023 will be made on 13 November.