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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Kainos Shares Fall Despite 37% Revenue Growth
Kainos Group shares were down in early trading today as the software and digital services company reported interim results showing strong revenue growth alongside a lower gross margin and restated bookings.
Kainos Group (LSE: KNOS) shares were down more than 6% in early trading today, as the company reported interim results. The digital services and Workday software group reported revenue up 37% for the six months to the 30th of September. The share price move is from a delayed quote as of 08:30 London time.
Even after the fall, the shares are 60.3% above their 52-week low and 16.5% below their 52-week high. They are up 11.6% so far this year.
Kainos shares over the month to today, with the session’s fall marked (delayed quote, 08:30 London time)
What the results showed
Revenue rose to £268.8m from £196.1m, with 36% organic growth. Adjusted pre-tax profit rose 30% to £41.7m from £32.0m, and adjusted diluted earnings per share rose 45% to 27.4p. The interim dividend is 10.4p, up from 9.8p. Chief executive Brendan Mooney described it as an excellent six months.
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KNOS.LSE
The details in the announcement
Group gross margin fell to 43.1% from 48.0%. In Digital Services, where revenue rose 57% to £162.5m, gross margin was 31.9% against 35.8%, mostly because more work went through contractors and partners. Revenue delivered through partners and contractors rose from £15.1m to £49.2m. Kainos said about 60% of that £49.2m relates to responding to rapid growth, which it called a timing issue, and about 40% is structural as it acts as prime contractor on larger contracts.
On the outlook, Kainos expects further growth in revenue and adjusted pre-tax profit in the second half, in line with current market expectations. It also said:
In Digital Services, a stronger second half comparative will result in the revenue growth rate moderating from the exceptional level achieved in the first half.
Kainos Group plc
Bookings of £402.3m, up 27%, and backlog of £853.0m, up 26%, now use a revised method that counts the full value of Digital Services contracts. On the previous basis, bookings were £304.7m, up 34%, and backlog was £472.6m, up 19%. Revenue recognition is unaffected.
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The interim dividend goes ex-dividend on the 19th of November and is paid on the 11th of December. Kainos also said £111m Home Office and £84m Foreign, Commonwealth and Development Office contracts are due to be signed in the second half.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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