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IT giant is happy in Belfast as it reveals £7m profits

By John Mulgrew

Published 24/11/2015

Kainos boss Brendan Mooney and wife Eileen as the firm launched on the London Stock Exchange
Kainos boss Brendan Mooney and wife Eileen as the firm launched on the London Stock Exchange

Belfast IT giant Kainos is continuing to grow its Northern Ireland workforce and has no plans on moving operations, its Co Antrim boss said as the company posted pre-tax profits of almost £7m.

In the first six months of trading as a listed company, the software firm headed by Brendan Mooney achieved turnover of £37m in the six months to September.

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

And in that time it's landed big contracts, including with the Office for National Statistics (ONS) and the New York Public Library.

Mr Mooney said Kainos is now one of a small band of firms selected to work alongside Apple as part of its 'mobility partner program'.

That means Apple will now be working with the Belfast-based company at high-profile joint sales events.

The latest results are from the first trading performance since Kainos became one of just three Northern Ireland firms on the London Stock Exchange, back in July.

Kainos helps the healthcare industry and the Government digitise their work.

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

It's grown staff numbers to 788, across its seven offices, with 440 working at their base in Belfast.

And despite the company going public, Mr Mooney said little has changed aside from it becoming "a little busier".

"I'm very pleased with the results. Revenue was up almost 30% ... it's a great way to start off our maiden release on to the market," he said.

He said Kainos had secured 30 new clients across its business, over the six month period.

And now that it's gone public, he said things day-to-day hadn't changed significantly.

"While there is some comment on share price; new staff, existing staff and customers are the common conversations inside the business."

Kainos is also still expanding its workforce here, adding 55 new staff over the last year.

He said more than 6,600 people had applied for the new posts.

"We prefer to grow organically. We rely on the talent. I prefer to focus on generating work in the marketplace."

But despite more than 90% of its business taking place outside of Northern Ireland, Mr Mooney said there were no plans to move away from Belfast.

"We have access to a fantastic talent locally ... our business has historically been out of Northern Ireland.

"There is no reason for us to consider Belfast anything but a growth area for us."

And looking at the next 12 months, he said he was "confident about going forward".

"We see strong demand in clients and the wider market place. We are really confident about the future."

IT giant is happy in Belfast as it reveals £7m profits

Belfast Telegraph

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