Kainos Group Plc (KNOS.L), an Irish software company, said on Monday that it has revised up its annual guidance and said that its adjusted profit before tax in line with current market consensus forecast.
It now projects only a small increase in revenue from last year citing a tougher trading environment in services to date.
For the 12-month period to March 31, 2025, the company now expects adjusted pre-tax income of 78.5 million pounds to 79.7 million pounds and revenue of 408.9 million pounds to 422 million pounds.
The consensus estimate stands at 79.1 million pounds for pre-tax income, and 415.5 million pounds for revenue, according to the company.
Earlier, Kainos was expecting annual pre-tax income of 71.7 million pounds to 78.6 million pounds, with revenue of 395.4 million pounds and 404.1 million pounds.
For the full-year to March 31, 2024, the Group had generated revenue of 382.4 million pounds.
Kainos is scheduled to release its first-half earnings report on November 11.
by RTTNews Staff Writer
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