Trading Update

RNS Number : 7658Z

Kainos Group plc

05 September 2018

 

5 September 2018

 Kainos Group plc

("Kainos" or "the Group")

Trading Update

Kainos Group plc, a leading provider of Digital Services and Platforms, today issues a trading update for the period from 1 April 2018 to date.

The Group has had a strong start to the year with the momentum seen in the second half of last year continuing into the current year. As a consequence, the Group expects the results for the year ending 31 March 2019 to be ahead of current market expectations.

Growth in Digital Services has been very strong, driven by both Digital Transformation and Workday. In Digital Transformation, the Group continues to deliver a number of significant ongoing engagements both for commercial clients and, as part of the UK government's digital transformation programme. In Workday Implementation, the Group is benefiting from growth in Post Deployment Services and an increasing book of business in continental Europe following geographic expansion.

In Digital Platforms, Kainos Smart continued its strong growth trajectory although this performance was partially offset by Evolve where market conditions remain challenging due to lack of available funding at NHS Trusts.

Kainos' results for the six months ended 30 September 2018 will be announced on Monday 26 November 2018.

For further information, please contact:
Kainos Brendan Mooney, Chief Executive Officer Richard McCann, Chief Financial Officer Peter McKeown, Deputy Chief Financial Officer	via FTI Consulting LLP
Investec Bank plc Patrick Robb / Sebastian Lawrence	[phone]
Canaccord Genuity Simon Bridges / Emma Gabriel	[phone]
FTI Consulting LLP Matt Dixon / Harry Staight	[phone]

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 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 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; and Evolve Integrated Care ('IC') is a SaaS-based integrated care platform for the NHS and international healthcare providers.

Kainos has over 1,300 people across eleven offices in Europe and the USA, working interchangeably across its Services and Platforms divisions.

Kainos is listed on the London Stock Exchange (LSE: KNOS). LEI number: 213800H2PQMIF3OVZY47

For further information, please visit www.kainos.com
 

 

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