Kainos Trading Update

RNS Number : 9217X

Kainos Group plc

03 September 2020

 

3 September 2020

Kainos Group plc

("Kainos" or "the Company")

Trading Update

Kainos Group plc (KNOS), a leading IT provider, operating across two specialist business areas, Digital Services and its Workday Practice, today issues a trading update for the period from 1 April 2020 to date.

Further to the 27 July 2020 trading update, trading in the period continues to be resilient across both business areas, supported by long-term customer relationships and diversified revenues across customers, end markets and geographic regions. As such, the Company expect results for the full year ending 31 March 2021 to be in line with consensus forecasts.

Growth in Digital Services continues to be driven by demand within the NHS and Public Sector, where we continue to demonstrate our strength as a key supplier in the UK Government's digital transformation programme. 

Within the Workday Practice, we continue to benefit from the geographic spread of the business, securing significant new consulting contracts nationally and internationally. Smart, our Workday automated testing platform, continues to win new clients and drive very strong growth.

Notwithstanding this strong performance, a robust pipeline and significant backlog, we remain mindful of the current economic disruption caused by Covid-19. We maintain a close dialogue with our customers and partners, and continue to pay careful attention to the impact that Covid-19 related disruption may have on them.

The announcement of our results for the six months ending 30 September 2020 will be made on Monday 16 November 2020.

Ends

For further information, please contact:

Kainos  via FTI Consulting LLP

Brendan Mooney, Chief Executive Officer

Richard McCann, Chief Financial Officer

Investec Bank plc   [phone]

Patrick Robb / Ben Griffiths

Canaccord Genuity   [phone]

Simon Bridges/ Andrew Potts

FTI Consulting LLP  [phone]

Matt Dixon / Dwight Burden / Kwaku Aning

About Kainos

Kainos Group plc is a UK-headquartered 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 leading European partner for Workday, Inc. ('Workday'), responsible for implementing Workday's innovative Software-as-a-Service (SaaS) platform for enterprise and, now, government customers. 

The Group's Digital Platforms comprise specialised digital platforms 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 has over 1,700 people across 15 offices in Europe and North America.

Kainos is listed on the London Stock Exchange (LSE: KNOS). For further information, please visit  www.kainos.com .

 

END

 

 

TSTKZGGLKFMGGZG