SQS Software Quality Systems AG Share News (SQS)

SQS Software Quality Systems AG Information

Share Price Information for SQS Software Quality Systems AG (SQS)

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2.95 0.17 (6.12%)

Bid:

2.92

Ask:

2.98

Spread: 0.06 (2.055%)

Market Cap: -

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SQS Software Quality Systems Trading In Line With Market Expectations

Wed, 27th May 2015 08:22

LONDON (Alliance News) - SQS Software Quality Systems AG on Wednesday said it is trading in line with market expectations so far in 2015 and is seeing a boost from recent managed-services contract wins.

The software quality services company said it has won a number of high-profile potential managed services clients so far this year, pushing the contribution from managed services to group revenue up to 47% from 45% in the year to the end of December 2014. The wins also provide considerable revenue visibility for the remainder of the year, SQS said.

"This year has started well and we are pleased to have further strengthened our position in the US, which is central to our growth strategy. Market fundamentals remain good and, despite continuing competition and price pressure, the start to this year has been encouraging," said Chief Executive Diederik Vos.

SQS shares were down 0.8% to 615.00 pence on Wednesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance