Kainos Group plc Trading Update (7021K)
September 04 2019 - 2:00AM
UK Regulatory
TIDMKNOS
RNS Number : 7021K
Kainos Group plc
04 September 2019
4 September 2019
Kainos Group plc
("Kainos" or "the Company")
Trading Update
Kainos, a leading UK-based provider of digital services and
platforms, today issues a trading update for the period from 1
April 2019 to date. The Company expects results for the full year
ending 31 March 2020 to be in line with current market
expectations.
The Group has delivered a solid Digital Services performance
with positive momentum across government, healthcare and commercial
clients. Digital Transformation has made progress within the
Commercial sector whilst continuing to be a key supplier in the UK
Government's digital transformation programme. In relation to the
latter, the Group remains cautious about public sector spending in
the current political environment.
In Workday Services, the Group continues to benefit from an
increasing book of business in continental Europe and North America
following geographic expansion. Digital Platforms growth has been
driven by Smart, our Workday automated testing platform, where we
have continued to win new clients and drive very strong growth.
The announcement of Kainos' results for the six months ended 30
September 2019 will be made on Monday 11 November 2019.
For further information, please contact:
Kainos via FTI Consulting
LLP
Brendan Mooney, Chief Executive Officer
Richard McCann, Chief Financial Officer
Investec Bank plc
Patrick Robb / Sebastian Lawrence +44 20 7597 5970
Canaccord Genuity +44 20 7523 4606
Simon Bridges
FTI Consulting LLP +44 20 3727 1000
Matt Dixon / Harry Staight
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 1,470 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 rns@lseg.com or visit www.rns.com.
END
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