UK's Kainos Group FY revenue beats on digital services contract wins

Kainos

18/05/2026 07:10

Overview

UK IT services and software provider's FY26 revenue rose 17%, beating analyst expectations

Adjusted pre-tax profit for FY26 rose 2%, ahead of consensus

Company completed £30 mln share buyback during the year

Outlook

Kainos expects Workday Products to reach £100 mln ARR by end-2026

Company anticipates further growth in Digital Services and Workday Services in FY27

Kainos says substantial contracted backlog and healthy pipeline support near-term outlook

Result Drivers

WORKDAY PRODUCTS GROWTH - Rapid growth in Workday Products, with ARR up 23% and new product launches, supported revenue expansion

DIGITAL SERVICES CONTRACT WINS - Large contract wins in healthcare and public sector, and North America expansion, drove Digital Services revenue growth

HIGHER COSTS PRESSURED MARGINS - Increased contractor, third-party supplier, and employee costs limited profit growth despite higher revenues

Company press release: ID:nRSR6145Ea

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
GBP 431.10 mln
GBP 423.42 mln (11 Analysts)
FY Adjusted Pretax Profit
Beat
GBP 67.10 mln
GBP 65.21 mln (10 Analysts)
FY Product Annual Recurring Revenue
GBP 89 mln
FY Contracted Backlog
GBP 433.90 mln
FY Pretax Profit
GBP 58.10 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)