22 July 2014

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

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 2014

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1,044 AIM-quoted companies. The full report is available to order for £365 + 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

The company is raising the money to develop its LED range (sample image)

PhotonStar raises £2.2m 18/07/2014

British LED lighting manufacturer PhotonStar LED Group (AIM:PSL) raised £2.2m by way of a placing.

Begbies issues red flag 18/07/2014

Insolvency specialist Begbies Traynor (AIM:BEG) has issued its latest 'red flag' report on the financial health of British businesses.

Check your credit rating - interest rates may soon be rising 18/07/2014

Advertisement

ABF sees Primark boost 10/07/2014

Food and retail giant Associated British Foods (LON:ABF) has issued a trading update in which it notes a surge of sales from budget supremo Primark.

Tags: Food

Swallowfield keeps moving 10/07/2014

Beauty care specialist Swallowfield (AIM:SWL) unveiled an encouraging trading update for the year to June.

Tags: Trading update

Good Energy grabs Wiltshire consent 04/07/2014

Renewable energy supplier Good Energy Group (AIM:GOOD) has obtained planning consent for a solar farm in north WIltshire. 

More News