Kainos Group plc Kainos Trading Update (9217X)
03 September 2020 - 4:00PM
UK Regulatory
TIDMKNOS
RNS Number : 9217X
Kainos Group plc
03 September 2020
3 September 2020
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
2020 to date.
Further to the 27 July 2020 trading update, trading in the
period continues to be resilient across both business areas,
supported by long-term customer relationships and diversified
revenues across customers, end markets and geographic regions. As
such, the Company expect results for the full year ending 31 March
2021 to be in line with consensus forecasts.
Growth in Digital Services continues to be driven by demand
within the NHS and Public Sector, where we continue to demonstrate
our strength as a key supplier in the UK Government's digital
transformation programme.
Within the Workday Practice, we continue to benefit from the
geographic spread of the business, securing significant new
consulting contracts nationally and internationally. Smart, our
Workday automated testing platform, continues to win new clients
and drive very strong growth.
Notwithstanding this strong performance, a robust pipeline and
significant backlog, we remain mindful of the current economic
disruption caused by Covid-19. We maintain a close dialogue with
our customers and partners, and continue to pay careful attention
to the impact that Covid-19 related disruption may have on
them.
The announcement of our results for the six months ending 30
September 2020 will be made on Monday 16 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 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
platforms 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.
Kainos has over 1,700 people across 15 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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END
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