As it happened: FTSE 100 inche up as oil holds gains; Healey says UK paying ‘Truss penalty’ FTSE 100 Live Welcome back to the City AM liveblog. Markets are returning from the weekend to weigh up the latest round of rising tensions in the Middle East after the US and Iran have continued to exchange strikes stoking fears of a hit to global oil supply. Brent crude – the international benchmark for oil prices – [...]
Kainos shares lift as revenue surges on bumper NHS contract wins Tech One of Northern Ireland’s biggest technology firms has posted a surge in revenue on the back of a spate of NHS contract wins. Belfast-based IT services provider Kainos reported a 17 per cent rise in revenue to £431.1m for the year to end March, led by a 55 per cent jump in turnover from healthcare [...]
NHS supplier Kainos reports revenue drop after lower public investment Business London-listed software provider Kainos has reported a drop in revenue amid a tough trading environment and delays to public investment after the general election. Kainos, which is a key supplier to the NHS, reported revenue of £183.1m in the first half of the year, down five per cent year on year. Profit before tax rose 11 per cent [...]
NHS supplier Kainos lowers full year revenue forecast after ‘tough’ trading September 2, 2024 London-listed software provider Kainos has downgraded its revenue forecast for 2025 after a subdued start to the year and more aggressive pricing among its partners. Management said it expected adjusted pre-tax profit to perform in line with the current analyst consensus of £79.1m for the year ending 31 March 2025. Due to a “tougher trading environment [...]
Kainos: NHS supplier reports 14th year of growth as it ramps up use of AI May 20, 2024 Kainos, a key NHS supplier, warned of weak demand from commercial clients in April and this was reflected in bookings.
This London AI tech firm is set to benefit from a £3.4bn NHS spending injection March 13, 2024 The increase in NHS spending could provide several opportunities for Kainos, which is involved in NHS digital transformation projects.