Kainos Group plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Tax Rate Guidance for the Year Ending March 31, 2018
November 27, 2017 at 02:00 am EST
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Kainos Group plc announced unaudited consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported revenue of £41,425,000 compared to £40,600,000 a year ago. Operating profit was £6,775,000 compared to £6,403,000 a year ago. Profit before tax was £6,810,000 compared to £6,452,000 a year ago. Profit for the period was £5,484,000 compared to £5,125,000 a year ago. Diluted earnings per share were 4.6 pence compared to 4.3 pence a year ago. Adjusted diluted earnings per share were 4.9 pence compared to 4.8 pence a year ago. Adjusted pre-tax profit was £7.1 million compared to £7.0 million a year ago. Net cash from operating activities was £4,119,000 compared to £6,452,000 a year ago. Purchases of property, plant and equipment was £509,000 compared to £571,000 a year ago.
For the year ending 31 March 2018, the company expects annual tax rate of 19.1% compared to 21.8% reported a year ago.
Kainos Group plc is a United Kingdom-based information technology (IT) provider. The Company operates through three divisions, including Digital Services, Workday Services, and Workday Products. The Digital Services division develops and supports custom digital service platforms for public sector, commercial, and healthcare customers. Its services include digital advisory, cloud and engineering, data, and artificial intelligence (AI), low code, service and experience design, and managed services. Workday Services division specializes in the deployment of Workday, Inc.'s Finance, HR, and Planning products to organizations across Europe and North America. Workday Products division develops products that complement Workday. Its Smart product suite, including Smart Test, Smart Audit, and Smart Shield, are used by more than 350 customers globally to safeguard their Workday systems. It serves various industries, including insurance, payments, education, government, healthcare, and others.
Kainos Group plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Tax Rate Guidance for the Year Ending March 31, 2018