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Panmure Liberum has reiterated its 'buy' rating on Kainos Group PLC (LSE:KNOS), the UK information technology provider, after the company lifted its financial guidance comfortably ahead of market expectations. The upgraded outlook for the financial year 2027 is driven by substantial public sector demand and strong order intake across the group's digital services division.
Kainos Group PLC (LSE:KNOS), the UK-headquartered information technology provider, anticipates delivering annual revenue and adjusted profit before tax comfortably ahead of market expectations. This upgraded financial guidance follows a period of robust operational momentum during the opening months of the current financial year, investors were told.
Kainos Group LON: KNOS said it has returned to growth after reporting stronger sales, revenue and backlog for the year ended March 31, 2026, with management highlighting broad-based momentum across its three divisions.
PLEASANTON, Calif. and LONDON , July 25, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money, and Kainos Group plc (KNOS), a global digital technology provider, today announced an expanded strategic partnership to jointly advance the development and distribution of purpose-built apps for Workday customers through Built on Workday.
These UK shares will update the market on recent trading in the coming days. In this article I'll explain why I think they are great stocks to own for the next decade.
Kainos (LSE:KNOS) Group PLC said it has acquired fellow US-based Blackline Group, which is a fellow provider of Workday finance and human resources services. Blackline, which was established in 2009, helps companies with overcoming critical procurement challenges and has assisted some large firms transform over US$100bn in total spend.
Kainos Group plc (LON:KNOS) shed 5% to 1,615p in mid-morning despite announcing that full-year results will come in at the upper end of current market consensus forecasts. The IT provider said demand from existing and new customers has continued to be robust, despite the uncertainty caused by COVID-19.
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