Kainos re­veals big in­crease in half-year sales to over £67m

Belfast Telegraph - Business Telegraph - - News - BY MAR­GARET CAN­NING

NORTH­ERN Ire­land IT con­sult­ing and soft­ware com­pany Kainos plc has re­ported a 61% jump in rev­enues to £67.2m in in­terim half-year re­sults.

There was also a 28% in­crease in pre-tax prof­its to £8.7m in the six months to the end of Septem­ber 2018, com­pared to £6.8m for the same pe­riod a year ear­lier.

The Belfast-based com­pany, which is listed on the main Lon­don Stock Ex­change, said it had been an “ex­cep­tion­ally strong” six-month per­for­mance.

One of the com­pany’s main cus­tomers is the UK govern­ment, with Kainos pro­vid­ing sys­tems for the pro­cess­ing of high-vol­ume ap­pli­ca­tions for doc­u­ments such as pass­ports.

Its work­force had also in­creased by 30% to reach 1,324.

Chief ex­ec­u­tive Bren­dan Mooney said he was happy with the com­pany’s strong per­for­mance.

But he added: “While we are very pleased we are prob­a­bly even more ex­cited about the fu­ture.”

He said the com­pany was fo­cused in “work digi­ti­sa­tion” in the pub­lic sec­tor in the UK, while de­mand for its Work­day prod­uct was also grow­ing in the UK, US and Canada.

And it is soon to launch a new prod­uct for NHS Eng­land which will al­low pa­tients to ac­cess their med­i­cal in­for­ma­tion on their phones or tablets.

“It’s go­ing to al­low you to re­new pre­scrip­tions on­line and it in­cludes a proper symp­tom checker,” said Mr Mooney.

“It will also al­low you to ex­press or­gan do­na­tion pref­er­ence and it’s about putting med­i­cal treat­ment into the hands of pa­tients.”

He said the roll-out for the ser­vice is to be­gin af­ter Christ­mas, when it will be avail­able to nine mil­lion pa­tients. It will be able to cope with 36 mil­lion pre­scrip­tion re­newals a year, as well as fa­cil­i­tat­ing 12 mil­lion ap­point­ments.

He said that while pa­tients will still re­ceive the same level of per­sonal care from GPS in ap­point­ments, or­gan­i­sa­tion will be done in a more ef­fi­cient man­ner.

Mr Mooney ex­plained that Kainos al­ready han­dles 24 mil­lion MOT ap­point­ments a year and 4.5 mil­lion pass­port ap­pli­ca­tions through the other sys­tems they pro­vide for govern­ment.

But he said the com­pany did not ex­pect an im­pact from Brexit. “What we are deal­ing with are GP ap­point­ments, pass­port ap­pli­ca­tions, col­lect­ing tax in Wales and court cases in Scot­land.

“I think it’s a po­lit­i­cal ques­tion and busi­ness­peo­ple also have an opin­ion. I’m not in favour of Brexit and we all want a de­gree of cer­tainty. The longer that un­cer­tainty goes on, the worse it is.”

He added that he hadn’t read all 585 pages of the draft with­drawal agree­ment but said “busi­ness opin­ions should be lis­tened to”.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.