Kainos Group PLC (LON:KNOS) said it expects to benefit from increased digitalisation worldwide once the coronavirus (COVID-19) crisis is brought under control.
The medical software business said it remains cautious about the near-term economic climate and did not declare a final dividend, but sees “strong” longer-term prospects for its HR product Workday, thanks to its blue-chip customers and ongoing geographic expansion.
In the year to 31 March, revenue jumped 18% to £178mln, with profit before tax up 10% to £23mln.
"The company is well-positioned by the breadth of its sales pipeline across multiple industries and geographies,"analysts at Shore Capital commented.
"Kainos provides digital technology services and platforms critical to over 550 customers across the globe and is supported by a strong net cash position and the repeat and recurring nature of most of the group’s revenue,"
Shares dipped 1% to 873p on Tuesday morning.
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