BELFAST IT group Kainos has landed one of its biggest government contracts to date with the UK’s Driver and Vehicle Standards Agency (DVSA).
The deal, worth up to £35 million over two years, comes just two weeks after the services company reported a strong year of growth in the latest financial year.
The London-listed firm, which is valued at more than £1.6 billion, saw revenue surge by 24 per cent to £374.8m in the year to March 31 2023, lifting profits by 15 per cent to £67.6m.
Kainos said the growth was in part driven by the expansion of its international sales.
However, government digital transformation contracts remain a key part of the company.
The DVSA, which falls under the remit of the Department for Transport (DfT) in London, is the body responsible for driving tests and MOT tests in Britain.
The £35m contract largely centres on improving theory test service systems for the Nottingham-based government agency.
Kainos also landed a £9m contract with the DVSA in January and a £1.5m deal in April for improving MOT systems in Britain.
Other major government deals landed by Kainos this year include a £15m software engineering contract for the NHS in March and a £9m contract with the Ministry of Justice in January
Commenting on the company’s latest results, Kainos’ chief executive Brendan Mooney said the company’s attention is firmly fixed on the future.
“The digital transformation market continues to grow in importance for organisations operating in government, in healthcare and in the commercial sector.
“This importance is translating into continued demand for the work we do for our customers.
“Despite the economic uncertainty, there is an urgency for our customers about extending existing projects and starting new projects, as they change the ways they deliver essential services to citizens, patients, customers and employees.”
Kainos currently employ around 3,000 people worldwide.