Kainos Plans 200 Graduate Hires as Sales Rise 17% to £431 Million
Updated
Updated · BBC.com · May 18
Kainos Plans 200 Graduate Hires as Sales Rise 17% to £431 Million
2 articles · Updated · BBC.com · May 18
Kainos plans to hire 200 graduates in the coming months, with CEO Brendan Mooney saying AI is not replacing software jobs at large organizations at scale.
£431 million in annual sales, up 17%, and pre-tax profit of £67 million, up 2%, supported the expansion as headcount rose to 3,200 from 2,800, including an acquired Canadian team.
Mooney argued companies still struggle to move AI from pilot to production because of security, compliance and systems-integration hurdles, limiting the case for AI-built in-house software.
Nearly £46 million in AI and data revenue, up 11%, now makes up about 20% of Kainos' Digital Services division, and the company plans to double its Responsible AI team.
The hiring push runs against wider "SaaSpocalypse" fears that AI will cut software subscriptions and let customers build their own tools, pressuring valuations across the SaaS sector.
With 95% of AI projects failing, what is Kainos's secret to confidently hiring amid industry-wide fear?
As AI writes more code, who is legally responsible for the inevitable security flaws and data breaches?