Kainos Group plc Trading Statement (8497X)
01 Setembro 2022 - 3:02AM
UK Regulatory
TIDMKNOS
RNS Number : 8497X
Kainos Group plc
01 September 2022
01 September 2022
Kainos Group plc
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 period from 1 April
2022 to date.
Trading in the period has continued to be very strong across
both business areas as new and existing clients maintained high
levels of investment in digital solutions. As a result, for the
full year ending 31 March 2023, the Board expects results to be in
line with current consensus forecasts*.
Against a backdrop of sustained strong market demand in the UK,
our Digital Services teams continue to deliver major transformation
programmes to new and existing clients across the Public,
Commercial and Healthcare sectors.
In the fast-growing Workday services market, our Workday
Practice continues to benefit from our well-established global
presence and reputation. As announced recently, we are delighted to
have been appointed a Workday Phase 1 Prime Status Partner in the
US and are now a Phase 1 Partner in all major European and North
American markets.
Our Workday products, comprising Smart Test, Smart Audit and
Smart Shield has maintained its very strong growth trajectory as it
continues to expand its international client base.
While we are cognisant of the global macroeconomic landscape,
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 six months ending 30
September 2022 will be made on Monday 14 November 2022. As a result
of the continued growth of our Workday Services and Workday
Products businesses the results will show both businesses as
separate divisions in the accounts. Both divisions will use the
same format as currently used for the Workday Practice division.
There will be no change to the Digital Services reporting.
* Note: Company compiled range is based on known sell side
analyst estimates. The ranges are: Revenue GBP335.7m - GBP373.4m
and Adjusted PBT GBP62.7m - GBP66.5m.
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 20 offices in Europe and the Americas.
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.
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END
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