Kainos Group plc (KNOS), a leading UK-based provider of digital services and platforms, is pleased to announce its results for the year ended 31 March 2019.

Operational Highlights

  • A strong performance, representing the ninth consecutive year of growth in revenue and adjusted pre-tax profit, delivered organically.
  • Very strong sales execution continues to underpin further revenue growth.
    • Revenue growth of 56% to £151.3 million (2018: £96.7 million).
    • Adjusted pre-tax profit increased 52% to £23.3 million (2018: £15.3 million).
    • Sales orders up 31% to £171.7 million (2018: £130.7 million).
    • Contracted backlog growth of 10% to £122.2 million (2018: £110.7 million).
  • Revenue diversification continues, across a number of segments.
    • International revenues up 44% to £29.0 million (2018: £20.2 million).
    • Commercial revenues up 42% to £40.0 million (2018: £28.1 million).
    • Healthcare revenues up 42% to £21.4 million (2018: £15.0 million).
    • SaaS and software-related revenues up 6% to £16.9 million (2018: £15.9 million).
  • Very strong revenue growth in Digital Services, up 69% to £132.6 million (2018: £78.6 million).
    • Significant ongoing engagements in UK government’s digital transformation programme.
    • Further strengthening of position as leading European Workday specialist, appointed partner in France; building presence in North America and appointed partner in Canada.
  • Digital Platforms continues to make progress against key milestones.
    • Revenue growth of 3% to £18.7 million (2018: £18.1 million).
    • New clients boost Smart revenues by 45% to £11.3 million (2018: £7.8 million).
    • Research and Development expenditure of £4.3 million expensed (2018: £4.9 million).
  • Research and Development expenditure of £4.3 million expensed (2018: £4.9 million).
  • Headcount of 1,470 people in Kainos, up 26%, with ongoing recruitment activity.
  • Highly cash generative, strong underlying cash conversion of 100% (2018: 96%) and period-end net cash of £42.5 million (2018: £29.0 million).

More information: www.kainos.com/kainos-announces-2018-19-results/