Search
Regulatory Story
Company Kainos Group plc
TIDM KNOS
Headline Trading Statement
Released 07:00 16-Apr-2019
Number 2537W07

RNS Number : 2537W
Kainos Group plc
16 April 2019
 

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.

- ENDS-

 

 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.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTSFEFIIFUSELL
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.