Business
Preliminary results for year ended 31 March 2020
Preliminary results for year ended 31 March 2020.
About this update from Kainos Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 8285N\n Kainos Group plc\n 26 May 2020\n \n \n \n \n Kainos Group plc\n \n \n Kainos Group plc \"Kainos\" or the \"Group\"\n \n \n Preliminary results for the year ended 31 March 2020\n \n \n \n \n \n Kainos Group plc (KNOS), a leading IT provider, operating across two specialist business areas, Digital Services and Workday Practice, \n is pleased to announce its results for the year ended 31 March 2020.\n \n \n \n \n \n Financial highlights \n \n \n \n \n \n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n Change\n \n \n \n \n \n \n Revenue\n \n \n \n £178.8m\n \n \n £151.3m\n \n \n +18%\n \n \n \n \n Adjusted pre-tax profit1\n \n \n £25.5m\n \n \n £23.3m\n \n \n +9%\n \n \n \n \n Statutory profit before tax\n \n \n £23.2m\n \n \n £21.1m\n \n \n +10%\n \n \n \n \n Cash\n \n \n £40.8m\n \n \n £42.5m\n \n \n -4%\n \n \n \n \n Sales orders\n \n \n £243.6m\n \n \n £171.7m\n \n \n +42%\n \n \n \n \n SaaS sales orders\n \n \n £30.5m\n \n \n £18.4m\n \n \n +66%\n \n \n \n \n Backlog2\n \n \n £180.0m\n \n \n £122.2m\n \n \n +47%\n \n \n \n \n Adjusted diluted earnings per share1 (note 7)\n \n \n 16.6p\n \n \n 15.4p\n \n \n +8%\n \n \n \n \n Diluted earnings per share\n \n \n 15.1p\n \n \n 13.9p\n \n \n +9%\n \n \n \n \n Total dividend\n \n \n 3.5p\n \n \n 9.3p\n \n \n -62%\n \n \n \n \n \n \n Operational highlights\n \n \n \n \n \n \n · \n \n \n \n A strong performance, representing the tenth consecutive year of growth in revenue and adjusted pre-tax profit.\n \n - Revenue growth of 18% (17.5% organic) to £178.8 million (2019: £151.3 million).\n \n - Adjusted pre-tax profit increased 9% to £25.5 million (2019: £23.3 million).\n \n \n \n \n \n · \n \n \n \n Very strong sales execution continues to underpin further revenue growth.\n \n - Sales orders up 42% to £243.6 million (2019: £171.7 million).\n \n - Contracted backlog growth of 47% to £180.0 million (2019: £122.2 million).\n \n \n \n \n \n · \n \n \n \n Revenue diversification continues, across a number of segments.\n \n - International revenues up 72% to £39.9 million (2019: £23.2 million).\n \n - Commercial revenues up 58% to £63.1 million (2019: £40.0 million).\n \n - Healthcare revenues up 9% to £23.3 million (2019: £21.4 million).\n \n \n \n \n \n · \n \n \n \n Solid revenue growth i...