Proactive Investors - Shares in Kainos Group PLC (LON:KNOS) jumped 14% after the IT services provider reported a recent improvement in bookings along with its full-year results.
The FTSE 250-listed group reported revenue of £382.4 million for the year to end-Marchm, with adjusted pre-tax profit up 14% to £77.2 million,
PBT was in line with its previous statement, though revenue was a bit lighter than expected.
Bookings were down 1% over the year to £424.5 million but have seen an upturn, leaving a healthy backlog at over five-year highs, up 11% at £357.1 million.
CEO Russell Sloan hailed the company's 14th consecutive year of growth with "disciplined execution in the current macro-economic climate".
"Despite the ongoing global economic uncertainty, we believe that our largest business areas, Workday Products, Workday Services and the public sector segment of Digital Services, will continue to be resilient and will offer substantial growth opportunities in both the near term and medium term. We are well positioned within these markets, both locally and, increasingly, internationally, and we remain confident in our strategy."
Analysts at Stifel note "very healthy" bookings post period and say "overall, we think this is a decent set of results".