Kainos Group Reports Mixed Results, Ups Share Buyback
Update: 2025-11-10
Description
Kainos Group reports a 7% revenue increase to £196.1M, but a 16% drop in adjusted pre-tax profit to £32M due to investments and higher costs. The company announces a new £30M share buyback program to return value to shareholders. Despite profit dip, Kainos sees strong growth in bookings and contracted backlog, with Workday Products division leading the way. The company aims to reach £100M and £200M in annual recurring revenue by 2026 and 2030, respectively, and deepens Workday partnership through exclusive resell agreement.
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