Annual financial statement
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Kainos Group plc Kainos Group plc " Kainos " or the " Group " Full year results for the year ended 31 March 2021 Kainos Group plc ( KNOS ) , a leading IT provider , operating through two specialist business divisions , Digital Services and its Workday Practice , is pleased to announce its results for the year ended 31 March 2021 . Financial highlights 2021 2020 Change Revenue £ 234.7m £ 178.8m + 31 % Statutory profit before tax £ 50.3m £ 23.2m + 117 % Adjusted pre - tax profit ( 1 ) £ 57.1m £ 25.5m + 124 % Cash ( 2 ) £ 80.9m £ 40.8m + 98 % Bookings £ 258.8m £ 243.6m + 6 % Software as a Service ( SaaS ) bookings £ 41.8m £ 30.5m + 37 % Backlog ( 3 ) £ 206.2m £ 180.0m + 15 % Adjusted diluted earnings per share ( 1 ) 36.8p 16.6p + 122 % ( note 7 ) Diluted earnings per share 32.1p 15.1p + 113 % Total dividend ( 4 ) 28.2p 3.5p + 706 % Operational highlights We have delivered a very strong business performance , reflecting strong sector demand , the ongoing trust and support of our customers and the dedication of our people . We have recorded our 11th consecutive year of growth , with strong financial metrics . • • Revenue growth of 31 % ( 28 % organic ) to £ 234.7 million ( 2020 : £ 178.8 million ) . Adjusted pre - tax profit increased 124 % to £ 57.1 million ( 2020 : £ 25.5 million ) . Bookings up 6 % to £ 258.8 million ( 2020 : £ 243.6 million ) . Contracted backlog growth of 15 % to £ 206.2 million ( 2020 : £ 180.0 million ) . Highly cash generative with cash conversion ( 5 ) of 112 % ( 2020 : 97 % ) and period - end net cash of £ 80.9 million ( 2020 : £ 40.8 million ) . We continue to deliver on our ambition to be a responsible business . • Customer approval rating ( 6 ) remains high at 98 % ( 2020 : 97 % ) . ( 1 ) Adjusted measures are based on reported statutory profit numbers excluding the effect of share - based payments and acquisition - related expenses . Reconciliations between the reported and adjusted measures are included in the Financial Review . ( 2 ) Cash includes treasury deposits of £ 18.0 million . ( 3 ) The value of contracted revenue that has yet to be recognised . ( 4 ) Total dividend for FY21 includes a special dividend of 6.7p per share ( paid Sept 2020 ) , interim dividend 6.4p per share ( paid Dec 20 ) and proposed final dividend of 15.1p per share . ( 5 ) Cash generated by operations as a percentage of EBITDA ( calculated as being adjusted pre - tax profit add back depreciation , finance income and finance expense ) . ( 6 ) Data from all completed customer surveys in the year . There are five possible designations : ' Poor ' , ' Satisfactory ' , ' Good ' , ' Very Good ' or ' Excellent ' ; the rating reflects the percentage of customers that rate our performance ' Good ' or better .