Shift to home working helps Kainos to double profits - News Summed Up

Shift to home working helps Kainos to double profits


Revenues at the Belfast-based group rose 31 per cent to £235 million in the 12 months to the end of March. SponsoredIts pre-tax earnings jumped 117 per cent to £50.3 million as its clients, which range from Warner Music to the Ministry of Defence, raised investment in their IT systems. The company said profits had been further boosted by cost reductions, such as lower travel, training and marketing expenses. It described the savings as “non-recurring” and predicted that some of this expenditure would “return to more typical levels in the future”. Kainos raised its dividend


Source: The Times May 24, 2021 11:26 UTC



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