Kainos Group plc Trading Update (7021K)

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          [phone] 
 Canaccord Genuity                           [phone] 
 Simon Bridges 
 FTI Consulting LLP                          [phone] 
 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

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September 04, 2019 02:00 ET (06:00 GMT)