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Kainos Group plc (KNOS)

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Wednesday 01 September, 2021

Kainos Group plc

Trading Statement

RNS Number : 2990K
Kainos Group plc
01 September 2021
 

1 September 2021

 

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 2021 to date.   

 

Trading in the period continues to be resilient across both business areas as organisations continue to increase their investment in digital solutions.  Our performance is further enhanced by our   long-term customer relationships and the expansion of our revenues across customers, markets and geographic regions. 

 

As a result, for the full year ending 31 March 2022, the Board expects revenue to be ahead of current consensus forecasts and adjusted profit to be in line with consensus forecasts.  Strong recruitment during the period has increased headcount to 2,409 as at 31 August 2021 (31 March 2021: 2,024).

 

Along with the support of our customers, we recognise that our business performance has been driven by the exceptional commitment of our people who continue to demonstrate phenomenal energy, flexibility and resilience.  We are grateful to our customers and colleagues for the ongoing trust that they have placed in Kainos.

 

G rowth in Digital Services continues to be strong as demand across the Public, Commercial and Healthcare sectors in the UK remains robust.  Internationally, we are encouraged by our early progress as we expand our client base in Europe and North America.

 

Within the Workday Practice,   we continue to benefit from the established geographic scope of our business, and we have secured significant new consulting contracts nationally and internationally. Smart Test, our Workday automated testing platform, continues to win new clients and drive very strong growth , and we are delighted to launch Smart Audit.

 

While the ongoing economic disruption caused by Covid-19 will be a feature in future trading periods, our outlook remains confident, which reflects our significant pipeline and robust backlog.

 

The announcement of our results for the six months ended 30 September 2021 will be made on Monday 15 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 +44 20 7597 5970  

Patrick Robb / Ben Griffiths  

 

Canaccord Genuity +44 20 7523 4606  

Simon Bridges / Andrew Potts  

 

FTI Consulting LLP +44 20 3727 1000  

Matt Dixon / Dwight Burden / Kwaku Aning   

 

About Kainos  

Kainos Group plc is a UK-headquartered IT provider, across two specialist business areas, Digital Services and the 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 WorkdayÕs most respected partners. As a full-service partner, we are experienced in complex deployment and integrations, and the leader in Workday test automation.

WeÕre 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 .  

 

 

 

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