Last checked at 16 Apr 2019 07:00
16 April 2019
Kainos Group plc
("Kainos" or "the Company")
Trading Update
Kainos Group plc, a leading provider of Digital Services and Platforms, today issues a trading update for the year ended 31 March 2019. Trading in the period has continued in line with market expectations, as updated following the trading statement dated 4 February 2019 and the Company remains well positioned in its core markets, underpinned by a strong sales performance.
Growth in Digital Services has been strong, driven by both Digital Transformation and Workday Services, and with continued momentum across government, commercial and healthcare clients. The international client base has also continued to expand, supported by the Group's broadened European and North American footprint.
Digital Platforms has performed in line with expectations, mainly driven by the Kainos Smart platform, where we have continued to acquire new national and international clients.
Recruitment remains strong, with the total number of employees and contractors worldwide at the end of March 2019 at 1,470, an increase of 301 people since 1 April 2018.
Kainos has a robust balance sheet with no debt and strong cash generation.
Kainos will announce results for the year ended 31 March 2019 on Tuesday 28 May 2019.
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For further information, please contact:
Kainos via FTI Consulting LLP
Brendan Mooney, Chief Executive Officer
Richard McCann, Chief Financial Officer
Peter McKeown, Deputy Chief Financial Officer
Investec Bank plc +44 20 7597 5970
Patrick Robb / Sebastian Lawrence
Canaccord Genuity +44 20 7523 4606
Simon Bridges / Emma Gabriel
FTI Consulting LLP +44 20 3727 1000
Matt Dixon / Harry Staight
About Kainos
Kainos Group plc is a UK-based provider of Digital Services and Digital Platforms.
The Group's Digital Services include full lifecycle development and support of customised Digital Services for government and commercial customers. Kainos is also the largest boutique partner for Workday Inc. ('Workday') in Europe, responsible for implementing Workday's innovative Software-as-a-Service (SaaS) platform for enterprise customers.
The Group's Digital Platforms comprise specialised digital products in the mobile healthcare and automated testing arenas. Smart is an automated testing platform for Workday customers; Evolve Electronic Medical Records ('EMR') is the market leading product for the digitisation of patient notes in the Acute sector of the NHS.
Kainos employs approximately 1,470 staff and contractors across eleven offices in Europe and the USA, working interchangeably across its Services and Platforms businesses.
Kainos is listed on the London Stock Exchange (KNOS). For further information, please visit www.kainos.com.