Kainos Group plc Trading Update (2464C)
April 12 2017 - 2:00AM
UK Regulatory
TIDMKNOS
RNS Number : 2464C
Kainos Group plc
12 April 2017
12 April 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 year ended 31
March 2017.
Trading in the year ended 31 March 2017 has continued to be in
line with market expectations; the Company has experienced good
growth across all divisions, and remains well positioned in its
core markets.
The increasing trends towards digitisation and adoption of
enterprise Software as a Service (SaaS) solutions have continued to
generate strong demand for the Company's Digital Services in both
public and commercial markets in the UK and Europe.
Growth in Digital Platforms remains solid, supported by
sustained momentum of Kainos WorkSmart contract wins, although
limited funding in the UK's NHS continues to moderate short term
growth of Kainos Evolve platforms. The Company continues to invest
in development, sales and marketing of its Evolve Integrated Care
platform.
Kainos has a robust balance sheet with no debt and strong cash
generation. The business has a solid pipeline, which includes a
growing level of recurring revenue. Recruitment remains strong,
with over 216 people joining Kainos since 1 April 2016, bringing
the total number of employees and contractors worldwide to 975 at
the end of March 2017.
The announcement of Kainos results for the year ended 31 March
2017 will be made on Tuesday 30 May 2017.
- ENDS -
For further information, please contact:
Kainos via FTI Consulting LLP
Brendan Mooney, Chief Executive Officer
Richard McCann, Chief Financial Officer
Brian Gannon, SVP Corporate Development
Investec Bank plc +44 20 7597 5970
Patrick Robb / Dominic Emery
Canaccord Genuity +44 20 7523 4606
Simon Bridges / Emma Gabriel
FTI Consulting LLP +44 20 3727 1000
Matt Dixon / 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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