Kainos Group plc Trading Update (7658Z)
September 05 2018 - 2:00AM
UK Regulatory
TIDMKNOS
RNS Number : 7658Z
Kainos Group plc
05 September 2018
5 September 2018
Kainos Group plc
("Kainos" or "the Group")
Trading Update
Kainos Group plc, a leading provider of Digital Services and
Platforms, today issues a trading update for the period from 1
April 2018 to date.
The Group has had a strong start to the year with the momentum
seen in the second half of last year continuing into the current
year. As a consequence, the Group expects the results for the year
ending 31 March 2019 to be ahead of current market
expectations.
Growth in Digital Services has been very strong, driven by both
Digital Transformation and Workday. In Digital Transformation, the
Group continues to deliver a number of significant ongoing
engagements both for commercial clients and, as part of the UK
government's digital transformation programme. In Workday
Implementation, the Group is benefiting from growth in Post
Deployment Services and an increasing book of business in
continental Europe following geographic expansion.
In Digital Platforms, Kainos Smart continued its strong growth
trajectory although this performance was partially offset by Evolve
where market conditions remain challenging due to lack of available
funding at NHS Trusts.
Kainos' results for the six months ended 30 September 2018 will
be announced on Monday 26 November 2018.
For further information, please
contact:
Kainos via FTI Consulting LLP
Brendan Mooney, Chief Executive
Officer
Richard McCann, Chief Financial
Officer
Peter McKeown, Deputy Chief Financial
Officer
Investec Bank plc
Patrick Robb / Sebastian Lawrence +44 20 7597 5970
Canaccord Genuity
Simon Bridges / Emma Gabriel +44 20 7523 4606
FTI Consulting LLP
Matt Dixon / Harry Staight +44 20 3727 1000
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 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
products 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; and Evolve Integrated Care ('IC') is a SaaS-based
integrated care platform for the NHS and international healthcare
providers.
Kainos has over 1,300 people across eleven offices in Europe and
the USA, working interchangeably across its Services and Platforms
divisions.
Kainos is listed on the London Stock Exchange (LSE: KNOS). LEI
number: 213800H2PQMIF3OVZY47
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
TSTLIMFTMBJMBAP
(END) Dow Jones Newswires
September 05, 2018 02:00 ET (06:00 GMT)
Kainos (LSE:KNOS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kainos (LSE:KNOS)
Historical Stock Chart
From Jul 2023 to Jul 2024