Finance
Britain's Kainos jumps on upbeat annual outlook
Published by Global Banking & Finance Review®
Posted on September 1, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 1, 2025
2 min readLast updated: January 22, 2026
Kainos shares rose over 16% as the company forecasts a strong annual outlook, driven by robust sales and AI market growth.
(Reuters) -Shares of Kainos jumped more than 16% on Monday after the IT software developer said it was expecting its annual outlook to be at the upper end of consensus forecasts, helped by sturdy sales in the last five months.
The British company is expected to post 385 million pounds ($520.10 million) in revenue and 66.4 million pounds in pre-tax profit for the year ending March 31, 2026, according to a consensus it provided.
Its shares rose to as much as 825.5 pence apiece by 0801 GMT and were leading the FTSE mid cap index.
Kainos, a partner of U.S. software firm Workday, said its Workday products division — which builds applications used within the platform — continued to grow and passed the $100 million annual recurring revenue milestone in July.
The company operates in markets boosted by the growing use of artificial intelligence, which helped drive search, cloud and advertising revenues at Microsoft, Alphabet and Meta in the June quarter.
Kainos said momentum was picking up across its divisions, with new projects prompting it to hire more staff and make greater short-term use of contractors.
($1 = 0.7402 pounds)
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sumana Nandy and Mrigank Dhaniwala)
Kainos is expected to post 385 million pounds in revenue for the year ending March 31, 2026.
Shares of Kainos jumped more than 16% on Monday.
Kainos's Workday products division, which builds applications used within the platform, is continuing to grow.
Kainos's positive outlook is supported by sturdy sales and momentum across its divisions, prompting new projects and hiring.
Kainos operates in markets boosted by the growing use of artificial intelligence, which has positively impacted revenues in related sectors.
Explore more articles in the Finance category
