Posted on Tuesday 29 May 2018 by John Mulgrew
Kainos has posted a 16% surge in revenue to almost £100m with profits rising to £15.3m.
The listed software company, headed by Co Antrim man Brendan Mooney, saw its revenue rising to £96.7m in the year ending March 31, 2018.
Meanwhile, sales rose at an even steeper pace, rising from £94.8m to £130.7m – up around 40%.
According to boss Brendan Mooney, sales from Europe, the US and elsewhere outside the UK have risen by 21% in the last year.
The company, which has offices across the globe, still has its main base in Belfast city centre.
“I am delighted to report another year of significant progress, with this year marking the eighth consecutive year of revenue and adjusted pre-tax profit growth,” he said.
“Our digital services division continued to experience strong momentum, fuelled by demand from
existing and new customers both locally and internationally.
“We continue to deliver major transformation programmes across UK government and for our commercial clients. Demand in the UK has resulted in the opening of a new office in Birmingham and in Europe we have opened offices in Frankfurt and Copenhagen, alongside the established offices in Amsterdam and Gdansk.
“Our digital platforms division continues to make progress against key milestones. Smart, our market-leading software as a service (SaaS) platform for automated testing of the Workday suite continues to add global brands as customers, with 115 international organisations now on the platform.
“In Evolve, both our Electronic Medical Record and Integrated Care platforms continued to face NHS funding challenges, however a strong sales performance during the year provides a base for growth in the year ahead.”