Kainos Group shares were down 0.3% to 1,263p in late afternoon trading on Tuesday, despite the company’s strong products pipeline and balance sheet in its latest trading statement.
The group confirmed that its board expected revenue and adjusted profit to fall in line with current projections, and that its international engagements have grown in scale with positive progress across Europe and Canada.
Kainos also said that its Digital Services team continued to deliver high-end transformation programmes to newly acquired and existing clients in the Public, Healthcare and Commercial sectors, driven by strong market demand in the UK.
The company’s Workday Practice platform has reportedly benefited from the expertise of new employees gained through the acquisitions of Cloudator, Une Consulting, Blackline Group and Planalyse.
Kainos added that its Smart Product Suite for Workday has also maintained a promising growth trajectory over the last year of operation.
Kainos has further seen an influx of new clients to its Smart Audit platform since its launch in August last year.
The group currently employs 2,692 people in over 20 counties, representing a rise of 33% year-on-year in company employment.
The company said that it is well-positioned for growth heading into 2022, and remains confident in its strategy for the coming year.