LONDON (ShareCast) - (ShareCast News) - Shares in Kainos are up more than 1% after noting good growth across all its divisions and saying overall trading is in line with market expectations.
Kainos said in a trading update for the year to 31 March that it remained well positioned in its core markets. At 10:17 GMT, shares in digital technology solutions specialist Kainos were up 1.66% to 229.5p each.

The company added that increasing trends towards digitisation and adoption of enterprise Software as a Service (SaaS) solutions continued to generate strong demand for its Digital Services in both public and commercial markets in the UK and Europe.

"Growth in Digital Platforms remains solid, supported by sustained momentum of Kainos WorkSmart contract wins, although limited funding in the UK's NHS continues to moderate short term growth of Kainos Evolve platforms," said Kainos.

The company continued to invest in development, sales and marketing of its Evolve Integrated Care platform.

It had a robust balance sheet with no debt and strong cash generation. It also had a solid pipeline, which included a growing level of recurring revenue.

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