| |
| Please Note - Streaming News is only available to subscribers to the Active Level and above |
|
|
|
Kainos annual profit more than doubles amid ongoing demand
StockMarketWire.com
|
IT provider Kainos reported that annual profit more than doubled on strong demand for digital transformation services.
For the year ended 31 March 2021, pre-tax profit rose 117% to £50.3 million year-on-year as revenue increased 31% to £234.7 million.
Bookings were up 6% to £258.8 million and contracted backlog grew 15% to £206.2 million.
'The digitisation pressures and opportunities within the commercial sector are similar, and therefore the growth prospects for us are substantial,' the company said.
'Our progress, notwithstanding the impacts of Covid-19, give us confidence that we will deliver significant growth in the years ahead,' it added.
Story provided by StockMarketWire.com
|
|
|
|
|
|
