Kainos Group plc Trading Statement (2537W)
April 16 2019 - 1:00AM
UK Regulatory
TIDMKNOS
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
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