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Belfast IT firm Kainos posts pre-tax profits of almost £7m

By John Mulgrew

Published 23/11/2015

Kainos’ headquarters at Lower Crescent in south Belfast
Kainos’ headquarters at Lower Crescent in south Belfast

Belfast IT giant Kainos has posted pre-tax profits of almost £7m in the first six months of it trading as listed company.

The software company, which is headed by Co Antrim man Brendan Mooney, achieved turnover of £37m in the six months to September.

That was up almost a third on the previous six month period.

It's the first trading performance since Kainos became one of just three Northern Ireland firms to float on the London Stock Exchange, back in July.

The firm helps the healthcare industry and the Government digitalise their work, and earlier this year added more than 400 jobs to its workforce.

Chief executive Brendan Mooney, who hails from just outside Dunloy, joined Belfast-based Kainos back in 1989, when it employed little more than a dozen members of staff.

"We are pleased with the group's financial performance for the six months to September 2015,” Brendan Mooney said.

“We are confident that trading is in line with market expectations and we are well positioned to deliver future growth.”

It is now one of Northern Ireland's biggest success stories, boasting a workforce of almost 800 and with seven offices across the UK, Ireland and Poland.

It's now one of only three firms listed firms here, alongside fellow tech firm First Derivatives and UTV Media.

The firm now employs 768 staff across seven offices, with 440 working at their base in Belfast.

Earlier this year, the company announced it was adding 400 new jobs over the next five years. And there was serious interest in the posts, with the company receiving 10,000 applications for the first tranche of roles.

The software firm has a number of arms to its business, including building websites and software for big-name public sector clients.

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