Half Year Results 

Kainos flags public sector spending slowdown

Kainos flags public sector spending slowdown

In hindsight, Kainos’ (KNOS) efforts to diversify away from government work five years ago was a wise move, given the state's subsequent hesitancy to spend on new digital projects. That trend was evident in the six months to September. Though the digital transformation division saw a 20 per cent rise in revenues from public sector customers, commercial clients increased their purchases by 70 per cent.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now