Kainos down as it sees political risks

0 mins. to read
Kainos down as it sees political risks
Master Investor Magazine

Master Investor Magazine 54Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

FTSE 250 software development firm Kainos (LON:KNOS) saw its share price drop by 7.88% to 456p (as of 14:00 BST) despite its announcement that overall results for the year ending 31st March will be in line with current market expectations. The company did say that it was being cautious with regards to public sector income for its digital services arm due to uncertainty around political conditions, but progress in the commercial sector was promising.

Management said that the expansion of workday services into the US and European markets was proceeding well with a number of client wins.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *