Belfast Telegraph

Kainos looking for new office space as revenue and profits on increase

By Margaret Canning

Northern Ireland IT giant Kainos plc, which employs around 1,000 people, has reported a 5% increase in pre-tax profits to £6.8m.

The firm, which recently announced the opening of a new office in Denmark, also revealed a 2% increase in sales to £41.4m for the six months ending September 2017.

And chief executive Brendan Mooney said it's seeking new offices for its Belfast workforce as growth continues. He said growth in staff numbers "means our office space is maxed out".

"We are looking at new premises so whether we opt for additional smaller offices, or a brand new complex - we are talking around that at the moment."

The firm is based at Upper Crescent close to Queen's University. "There is a real vibrancy in the Queen's Quarter and a quarter of our staff are under 25 so it's a good place to be so we'd like to stay close."

He added: "This is the eighth year in a row of increased revenue and profits.

"Sales performance is a good leading indicator for the rest of the year, and we now have over £63m of new contracts for national and international clients."

And he said the company was "pretty relaxed" about the impact of Brexit.

"There's nothing I or Kainos can do around Brexit so we are just taking a wait and see approach."

But he said its international presence would help it "absorb local shocks around Brexit more easily".

The company has also opened new offices in Birmingham and Frankfurt.

Mr Mooney said the firm's digital services division was continuing to carry out work with UK Government clients.

However, the commercial sector was the strongest growing segment in digital services. And it has grown the number of mainland Europe customers for its Workday partnership from nine to 17.

Belfast Telegraph

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