NHS software supplier Kainos reports drop in revenue amid tough trading environment

Kainos, the London-listed software provider and key supplier to the NHS, has reported a five per cent year-on-year drop in revenue for the first half of the year, totalling £183.1m.

Despite the challenging trading environment and delays to public investment following the general election, the company saw an 11 per cent rise in pre-tax profit to £34.2m and a two per cent increase in adjusted diluted earnings per share to 22.5p, as reported by City AM.

Following the announcement, Kainos' shares rose by over five per cent.

CEO Russell Sloan commented on the tough market conditions, stating: "Our services businesses faced a tougher environment i