Business
Half-year Report
Half-year Report.
About this update from Kainos Group Plc
[{"type":"text","content":"\n \n \n \n 14 November 2022\n \n \n \n \n \n \n Kainos Group plc\n \n \n (\n \"Kainos\" or the \"Group\")\n \n \n Interim results for the six months ended 30 September 2022\n \n \n Kainos Group plc (KNOS), a UK-headquartered IT provider with expertise across three divisions - Digital Services, Workday Services, and Workday Products,\n is pleased to announce its results for the six months ended 30 September 2022 (H1 23).\n \n \n \n \n \n \n Financial highlights\n \n \n \n \n \n \n \n \n \n \n \n \n H1 23\n \n \n \n \n \n \n H1 22\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £179.8m\n \n \n \n \n £142.3m\n \n \n \n \n +26%\n \n \n \n \n \n \n \n Profit before tax\n \n \n \n \n \n £27.5m\n \n \n \n \n £24.8m\n \n \n \n \n +11%\n \n \n \n \n \n \n \n Adjusted pre-tax profit\n \n \n \n \n \n £34.0m\n \n \n \n \n £29.2m\n \n \n \n \n +16%\n \n \n \n \n \n \n \n Cash ([1])\n \n \n \n \n \n £97.1m\n \n \n \n \n £80.4m\n \n \n \n \n +21%\n \n \n \n \n \n \n \n Bookings\n \n \n \n \n \n £221.5m\n \n \n \n \n 187.4m\n \n \n \n \n +18%\n \n \n \n \n \n \n Product Annual Recurring Revenue (ARR)\n \n \n \n \n \n £44.2m\n \n \n \n \n £28.0m\n \n \n \n \n +58%\n \n \n \n \n \n \n \n Contracted Backlog\n \n \n \n \n \n £307.9m\n \n \n \n \n £250.0m\n \n \n \n \n +23%\n \n \n \n \n \n \n \n Diluted earnings per share\n \n \n \n \n \n 17.4p\n \n \n \n \n 16.0p\n \n \n \n \n +9%\n \n \n \n \n \n \n \n Adjusted diluted earnings per share\n \n \n \n \n \n 22.0p\n \n \n \n \n 19.1p\n \n \n \n \n +15%\n \n \n \n \n \n \n \n Interim dividend\n \n \n \n \n \n 7.8p\n \n \n \n \n 7.1p\n \n \n \n \n +10%\n \n \n \n \n \n \n \n \n \n Operational highlights\n \n \n \n Our strong business performance reflects robust underlying market demand, high levels of customer engagement and the continued commitment of our colleagues.\n \n \n \n ·\n Revenue growth of 26% (23% in constant currency (ccy)) to £179.8 million (H1 22: £142.3 million).\n \n \n ·\n Adjusted pre-tax profit increased 16% (reduced 3% ccy) to £34.0 million (H1 22: £29.2 million) as we invested an additional £4.2 million in our Workday Products. This investment represents an increase of 91%, with research & development increased to £4.0m (H1 22: £2.7m) and investment in sales & marketing increased to £4.8 million (H1 22: £1.9...