Kainos, a UK healthcare IT firm, plans a £30 million share buyback despite a 5% drop in revenue.

Kainos Group, an IT provider for the UK's National Health Service, plans to buy back £30 million of its shares despite a 5% drop in first-half revenue to £183.1 million. The company's shares rose 7.4% after the announcement. Despite the revenue decline, Kainos maintained profitability and sees growth opportunities in its core markets, aiming for £200 million in revenues by the end of the decade.

November 11, 2024
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