UK's Kainos Group falls on downgrading FY25 rev forecast below Street view
02/09/2024 08:53
** Shares of Kainos Group KNOS.L down 10.8% at 988p -
lowest since May 2
** British IT services provider expects FY25 rev to dip
below market estimates of 408.9-422 mln pounds ($537-$554.3 mln)
** Cites "tough trading environment in services" for the
lower forecast
** Expects adjusted profit before tax for FY25 in-line with
market view
** KNOS down ~9% YTD
($1 = 0.7613 pounds)
(Reporting by Yamini Kalia in Bengaluru)
((Yamini.Kalia@thomsonreuters.com;))