UK's Kainos Group jumps after annual forecast tops market view
18/08/2026 08:46
BUZZ-UK's Kainos Group jumps after annual forecast tops market view ** Shares of IT software provider Kainos Group KNOS.L rise over 20% to £11.76, its highest since December 2025
** Top gainer on FTSE mid-cap index .FTMC,which is down 0.12%, shares on track for best day since September 2025
** Expects fiscal 2027 revenue and adjusted pretax profit to come in "comfortably ahead" of market expectations
** Reports new contract wins and double-digit revenue growth across its units Workday Services and Workday Products in the first months of current financial year
** Current analyst consensus is for FY27 revenue of £509.3 million ($688.62 million) and adjusted PBT of £77.1 million - company-compiled data
** YTD, stock is up 17.5%
($1 = £0.7396)
(Reporting by Neeshita Beura in Bengaluru)