TIDMKNOS
RNS Number : 4954I
Kainos Group plc
19 April 2022
19 April 2022
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 year ended 31 March
2022.
Trading in the period continued to be very strong across both
business areas as new and existing clients maintained or increased
their levels of investment in digital solutions. As a result, for
the full year ending 31 March 2022, the Board expects revenue and
adjusted profit to be in line with current consensus forecasts.
Against a backdrop of strong market demand in the UK, our
experienced Digital Services teams continue to deliver major
transformation programmes to new and existing clients across the
Public, Commercial and Healthcare sectors. Our international
engagements continue to grow in scale, with positive progress in
both Europe and Canada.
In the fast-growing Workday services market, our Workday
Practice continues to benefit from our well-established global
presence. This has been enhanced through the year with the
expertise of our new colleagues who joined via the acquisitions of
Cloudator (55 people, Europe), Une Consulting (42 people,
Argentina), Blackline Group (50 people, USA) and Planalyse (6
people, Netherlands).
Our Smart Product Suite for Workday has maintained its very
strong growth trajectory. Smart Test, our automated testing
platform for Workday, continues to expand its international client
base, signing a record number of new clients during the year. Smart
Audit, launched in August 2021, has already established a strong
cohort of customers, from our existing client base as well as
securing new clients.
Our performance has been underpinned by our long-term customer
relationships, and we remain extremely grateful to our customers
for the trust that they have placed in Kainos to help them deliver
their ambitious digital projects.
Our success is generated by our people, who continue to excel in
delivering high-impact solutions to our customers. Despite the
increased global demand for digital talent, we continue to retain,
develop and attract high quality people; we now have 2,692
colleagues based in over twenty countries (31 March 2021: 2,024
people), an increase of 33% on the prior year.
Looking ahead, our robust pipeline, strong balance sheet and
significant contracted backlog underpin our confidence in our
outlook. As a result, 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
2022 will be made on 23 May 2022.
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 IT provider, across two
specialist business areas, Digital Services and the Workday
Practice.
Our Digital Services division develops and supports custom
digital service platforms for public sector, commercial and
healthcare customers. Our solutions transform the delivery of these
services, ensuring they are secure, accessible and cost-effective,
and that they provide better outcomes for users.
Our Workday Practice is focused on the deployment of Workday
Inc's Finance, HR and Planning software to leading organisations
across the public, commercial and healthcare sectors. We are one of
Workday's most respected partners, experienced in complex
deployment and integrations and trusted by our customers to launch,
test, expand and safeguard their Workday systems. We are also the
leader in automated testing of customers' unique Workday
configurations.
Our people are central to our success. We employ more than 2,600
people across 12 offices in Europe and North America.
We are listed on the London Stock Exchange (LSE: KNOS) and you
can discover more about what we do and who we are at www.kainos.com
.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014. Prior to publication,
certain information contained within this Announcement was deemed
to constitute inside information for the purposes of Article 7 of
MAR.
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END
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April 19, 2022 02:01 ET (06:01 GMT)
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