Half Year Results 

Kainos reveals encouraging momentum

Kainos reveals encouraging momentum

Although Kainos (KNOS) revealed adjusted half-year profits and a gross margin that were broadly static against the 2016 comparatives, a positive beat was provided by a 94 per cent rise in sales orders, together with a substantial rise in the accompanying backlog. Cash generation, although appreciably down year on year, remained robust at £4.1m, while the underlying cash conversion rate should improve over the second half due to the timing of bonus payments.  

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