25 April 2015

SQS win 22m worth of orders

18/08/2011 Ben Jaglom

German software testing concern SQS Software Quality Systems (SQS) has announced a raft of contract wins worth a total of 22 million.

The AIM-quoted concern declared the contract wins will be coming with a deal to provide 'test management, automation and functional testing' to a 'large European logistics company' This contract is said to be worth 10 million over the next two years. Another deal is to provide the same services but to the French operations of a 'global insurance provider' worth 5 million. Its other contracts include wins with 'four leading retail companies' worth a total of 3.3 million, three public sector contracts worth 2.5 million, a contract with a 'multi-national media company' worth 500,000 and a deal with a 'major UK utilities company' costing €300,000.

SQS' chief executive officer Rudolf van Megen enthused that the win 'highlight the compelling value propositions' of SQS' products and services adding that it provides the company with confidence for the expansion of our regional presence and market share.'

Analysts at house broker Arbuthnot held their forecasts. The broker expects pre-tax profits of 11.4 million (EPS: 28.96 cents) on sales of 178.7 million for the year to December 2011. In 2012 it predicts profits of 13.6 million (EPS: 33.6 cents) on revenue of 199.6 million.

Growth Company Investor recommended shares in SQS this January as a buy/hold at 225p and they have since lost 11.3 per cent, currently trading at 199.5p. Though the latest wins have not moved forecasts they are nonetheless encouraging steps. We retain our buy/hold rating.

Tags: Business in Germany, German Technology, Independent software testing, Quality management services

Superb investment toolkit for private investors

SharePad is the new web-based service from ShareScope. Easier to use and more powerful. Perfect for tablets, Macs and Windows PC. Covers ALL your investment requirements.

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2015

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1000+ AIM-quoted companies. The full report is available to order for £385 + VAT. Click here for more info

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

Riyadh has seen a flurry of building activity of late

New Action hotel in Saudi 23/04/2015

Middle Eastern hotel specialist Action Hotels (AIM:AHCG) is planning a new hotel in Riyadh, Saudi Arabia.

Tags: Hotels, Saudi Arabia

21st Century makes win 23/04/2015

CCTV specialist 21st Century Technology (AIM:C21) has won a new contract to supply its services.

Tags: Contract win, Technology

Victoria gaining power 23/04/2015

Cameroon-focused Victoria Oil and Gas (AIM:VOG) has begun supplying power to the Logbaba station.

Tags: Oil and gas, West Africa

Ultrasis calls in administrators 22/04/2015

Ultrasis, a developer of treatments for anxiety and depression, has had to call in administrators after its fundraising efforts failed.

Tags: Administrators, Business closing, Feeling depressed

McKay pays £11m for warehouse 22/04/2015

Office space investor McKay Securities (LON:MCKS) has purchases a warehouse unit for just under £11 million.

Tags: Real estate

Creston feels more splendid 22/04/2015

Media agency Creston (LON:CRE) has acquired digital consultant How Splendid in a deal worth up to £15.7 million.

Tags: Acquisitions, Media

More News