Kainos warns of revenue shortfall for digital services, leading to 15% share price drop.
Kainos, a Belfast IT firm, has warned that its revenues for the current fiscal year may fall short of market expectations due to a challenging trading environment, particularly affecting its digital services division. The company anticipates a slight revenue increase and adjusted pre-tax profit in line with forecasts. Kainos' share price dropped 15% following the announcement, with projected revenues between £408.9m and £422m for the year ending March 2025.
September 02, 2024
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