Information  X 
Enter a valid email address

Kainos Group plc (KNOS)

  Print   

Friday 16 April, 2021

Kainos Group plc

Kainos Trading Statement

RNS Number : 6755V
Kainos Group plc
16 April 2021
 

16 April 2021

Kainos Group plc

("Kainos" or "the Company")

Trading Update

 

Kainos Group plc (KNOS), a leading IT provider, operating in two specialist divisions, Digital Services and its Workday Practice, today issues a trading update for the year ended 31 March 2021.

The momentum outlined in the trading statement dated 22 January 2021 has been maintained in this most recent period and we expect our results for the year ended 31 March 2021 to be at the upper end of current market consensus forecasts.

In both of our divisions, demand from existing and new customers has continued to be robust, despite the uncertainty generated by Covid-19. We are grateful for the continued trust that our customers place in Kainos as we help in the delivery of their key digital transformation projects.

Along with the support of our customers, we recognise that our business performance has been driven by the exceptional commitment of our people who have demonstrated phenomenal energy, flexibility and resilience throughout the Covid-19 pandemic.  Following strong recruitment, the number of employees and contractors worldwide has increased by 309, to reach a total of 2,024 people at the end of March 2021.

 

Looking ahead, our robust pipeline, strong balance sheet and significant contracted backlog underpins our confidence in the outlook.  And whilst we are mindful of the ongoing challenges caused by Covid-19, we believe that we are well-positioned for further growth and remain confident in our strategy.

The announcement of our results for the full year ended 31 March 2021 will be made on 24 May 2021.

Ends

For further information, please contact:

Kainos via FTI Consulting LLP
Brendan Mooney, Chief Executive Officer
Richard McCann, Chief Financial Officer

Investec Bank plc   +44 20 7597 5970
Patrick Robb / Ben Griffiths

Canaccord Genuity   +44 20 7523 4606
Simon Bridges / Emma Gabriel 

FTI Consulting LLP   +44 20 3727 1000
Matt Dixon / Dwight Burden / Kwaku Aning

About Kainos

Kainos Group plc is a UK-headquartered provider, operating in two specialist divisions, Digital Services and its Workday Practice. 

The Group's Digital Services include full lifecycle development and support of customised Digital Services for public sector, healthcare and commercial customers. These transformative solutions encompass a range of services from experience design to Artificial Intelligence and Cloud to deliver truly intelligent solutions that are secure, accessible and cost-effective.

The Group's Workday Practice is one of Workday's most respected partners. As a full-service partner, we are experienced in complex deployment and integrations, and the leader in Workday test automation. We're trusted by our customers to launch, test, expand and safeguard their Workday systems.

Kainos has over 2,000 people across 12 offices in Europe and North America.

Kainos is listed on the London Stock Exchange (LSE: 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 [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTIAMJTMTJBTLB

a d v e r t i s e m e n t