The Budget set out plans to improve public services through digital transformation. Projects include boosting NHS productivity via £2bn of investment in technology and modernising IT systems at HMRC.
Tip style
Value
Risk rating
Medium
Timescale
Long Term
Bull points
- Rising public sector demand
- Strong growth from Workday partnership
- Valuation offers significant discount
- Debt-free balance sheet
Bear points
- Recent trading has been soft
- Timing of recovery uncertain
This is good news for Kainos (KNOS), the FTSE 250 IT services provider. Almost a decade on from its IPO in 2015, Kainos has contracts with a host of government departments to deliver digital and data projects. If you have recently renewed your passport or booked a driving test online, you will have benefited from its expertise.