Business

Kainos trading 'in line with expectations' as firm adds 300 staff

Kainos says trading is in line with market expectations ahead of reporting its year-end results on May 28

BELFAST digital services firm Kainos is performing in line with expectations and has a robust balance sheet with no debt and strong cash generation, the company said in a trading statement to the stock market.

The company - which reports its full year results on May 28 - says remains well positioned in its core markets, underpinned by a strong sales performance.

Growth in digital services has been strong, driven by both Digital Transformation and Workday Services, and with continued momentum across government, commercial and healthcare clients.

The international client base has also continued to expand, supported by Kainos's broadened European and North American footprint.

The statement added: "Digital platforms has performed in line with expectations, mainly driven by the Kainos Smart platform, where we have continued to acquire new national and international clients.

"Recruitment also remains strong, with the total number of employees and contractors worldwide at the end of March at 1,470, an increase of 301 people since April 2018."

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