Pictured: Brendan Mooney, Chief Executive, Kainos.
Kainos provides businesses with IT services, alongside consulting and software solutions. The Group has executed a share buyback and is our Company of the Month January 2025, in association with KPMG.
Kainos
Kainos provides businesses with information technology services, and consulting and software solutions. The firm was established in Belfast in 1986 and deploys Workday to clients to help improve their business operations.
The company first listed on the main market of London Stock Exchange in 2015. The IT group announced in June 2019 that it had been promoted to the FTSE 250, the first Northern Irish firm to reach the select group consisting of the 101st to the 350th largest companies listed on the London Stock Exchange.
Its clients are predominantly in the Public, Health and Financial Services sectors, and include over 150 well-known global organisations and large government departments, ranging from the NHS to Chanel to Netflix.
2023 saw the company win a £75m Home Office contract as well as a rise in revenue and profits. Most recently, Kainos submitted applications for new offices and student housing in Belfast.
Share Buyback
Kainos has successfully executed a share buyback, purchasing 40,000 of its ordinary shares through Investec Bank plc.
Prices range from 805.00 to 823.00 pence, averaging at 815.6384 pence. The company intends to cancel these shares as part of a buyback program announced in November 2024. This signals a strategic move to enhance shareholder value and optimise capital structure.
Company of the Month
The Company of the Month Award, in association with KPMG, recognises outstanding Irish companies. It especially acknowledges those who have made significant contributions to the business community of Ireland.
Recipients of the award are automatically put forward as candidates for the prestigious Company of the Year Award at the annual Business & Finance Awards.
Business & Finance, Company of the Month
