SQS Software Quality Systems AG - Contract Wins Enhance Recurring Revenues

Dec 09, 2010, 09:00 ET from Edison Investment Research

LONDON, December 9, 2010 /PRNewswire/ --

- Research Report from Edison Investment Research

SQS has announced a further six Managed Services contract wins (both new customers and contract extensions), taking order intake in the year-to-date to more than EUR50m from the EUR40m last reported in September. The increasing contribution from the Managed Services business will underpin growth and provide an increasing level of recurring revenues for the group.

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SQS is the world's biggest provider of independent software testing and quality management. The majority of the group's revenue is derived from consultancy services to a client base including a long list of blue chip customers.

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