Kainos Group plc Kainos Trading Statement (6755V)
16 April 2021 - 4:00PM
UK Regulatory
TIDMKNOS
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.
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END
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