Belfast IT company Kainos reports 16% increase in sales
Belfast IT company Kainos plc has reported a 16% jump in sales to hit £96.7m in its eighth year of growth.
In preliminary results for the year ending March 2018, the firm – one of just three listed companies in Northern Ireland – said adjusted pre-tax profits were also up 7% to £15.3m.
The company, which provides digital services and platforms, said performance was in line with market expectations and was the eight consecutive year of revenue and adjusted pre-tax profit growth.
It has 1,150 employees across 11 offices in Europe and the US and is based at Upper Crescent in south Belfast.
Chief executive Brendan Mooney said: “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.
“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.”
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