StockMarketWire.com - Defence technology group QinetiQ said it still expected to post annual revenue growth in the mid single digits, having gotten off to a strong start to its financial year.

Orders, revenue, profit and cash were in-line with expectations, the company said in a first-quarter trading update.

It added that its visibility on revenue under contract for the full year had increased to £940 million, up from £800 million in April 2021.

'Consequently, we remain confident of delivering in line with our expectations, with mid-single digit organic revenue growth at 11% to 12% operating profit margin, rising to 12% to 13% operating profit margin in the medium term,' it said.


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