Kainos Group PLC (LSE:KNOS) said trading since the start of its current financial year has continued to be “very strong” across the business and forecast that its results for the current year will meet market expectations.
Both divisions, Digital Services and Workday Practice, have experienced robust trading since the start of April, as new and existing clients maintained high levels of investment in digital solutions, the IT provider said in a statement.
As a result, revenues and adjusted pre-tax profits for the year to 31 March 2023 are expected to fall within the consensus forecast ranges of £335.7mln-£373.4mln and £62.7mln-£66.5mln, respectively.
Acknowledging the volatile macroeconomic climate, the FTSE 250 firm said its “robust pipeline, strong balance sheet and significant contracted backlog” position the company well for further growth, adding that it remains “confident” in its strategy and outlook.