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Interim Results

Kainos revenues up

23 November 2015 09:59

Kainos Group's revenues for the six months ending 30 September grew by 29% to £37.2m, up from £28.8m in H1 2015.

Adjusted pre-tax profit increased by 20% to £6.8m (H1 2015: £5.7m). Sales bookings (excluding third party sales) for this period increased to £34.8 million (H1 2015: £22.5m), a total that included £1.4m (H1 2015: £1.1m) for sales of our Smart SaaS product.

Chief executive Brendan Mooney said: "We have seen solid performance across the Group during this reporting period, with increasing levels of demand across each of our operating divisions. In the six months from 1 April to 30 September 2015, we have grown revenues by 29% and adjusted pre-tax profit by 20%.

"Sales bookings in this period include a number of multi-year resourcing frameworks in government and a flagship Kainos Evolve deal, and the sales pipeline for the remaining half of the year continues to strengthen. This period also included a highly significant event in the history of Kainos: the successful completion of an initial public offering (IPO) of the company's shares on the main market of the London Stock Exchange.

"We are pleased with the Group's financial performance for the six months to September 2015. We are confident that trading is in line with market expectations and we are well positioned to deliver future growth."

Related Company: KNOS

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