Trading Update

RNS Number : 6547P

Kainos Group plc

04 September 2017

 

4 September 2017

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 period from 1 April 2017 to 31 August 2017. The Company expects results for the full year ending 31 March 2018 to be in line with current market expectations.

In the Digital Services division, the Group has delivered a solid performance and has a very strong pipeline in both Digital Transformation and Workday Implementation. In Workday Implementation, the Group is pleased with an increasing pipeline of business in continental Europe.

In Digital Platforms, Worksmart has seen very strong growth, which has been partially offset by continued investment in the Evolve Integrated Care Platform.

The Group continues to benefit from a robust balance sheet and good cash generation.

The announcement of Kainos' results for the six months ended 30 September 2017 will be made on Monday 27 November 2017.

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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, Group Head of Finance

Investec Bank plc                                                                             [phone]

Patrick Robb

Canaccord Genuity                                                                         [phone]

Simon Bridges / Emma Gabriel

FTI Consulting LLP                                                                           [phone]

Matt Dixon / Chris Lane / Nicola Krafft

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. Evolve Electronic Medical Records ('EMR') is the market leading product for the digitisation of patient notes in the Acute sector of the NHS; Evolve Integrated Care ('IC') is a SaaS-based integrated care platform for the NHS and international healthcare providers; and Smart is an automated testing platform for Workday customers.

Kainos employs approximately 1,000 staff and contractors across eight 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.

 

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