SQS -1x Square

 

TIDMSQS 
 
RNS Number : 7889L 
SQS Software Quality Systems AG 
19 January 2009 
 

19 January 2009 
SQS Software Quality Systems AG 
("SQS" or the "Company") 
 
 
Trading Update 
 
 
SQS Software Quality Systems AG (AIM:SQS.L), the global leader in independent 
software testing and quality management services, is pleased to provide an 
update on trading for the year ended 31 December 2008. 
 
 
The Company is pleased to report that its businesses progressed strongly 
throughout the year and that it is confident that its full year results will be 
in line with current market expectations. 
 
 
During the year, SQS continued to execute its strategy of extending its reach 
into Europe and expanding its off-shoring capabilities. The successful 
acquisition of Validate, a Swedish company with additional operations in Finland 
and Norway, gave SQS a presence in the Nordic countries and the acquisition of 
Verisoft in India is a significant addition to the Company's off-shoring 
facilities. 
 
 
The formation of a further off-shore centre in Egypt has expanded the Company's 
multi-language (80% with German speaking skills, 20% with French), 
multi-time-zone offering. This is of prime importance to multinational companies 
and is helping SQS to secure longer term contracts, which in turn has improved 
visibility. The cost savings available to clients from blended off-shoring 
solutions are also highly attractive to businesses in the current economic 
climate. 
 
 
SQS signed a record 175 new customers during 2008 (2007:155 new clients). The 
Company's offering is by nature sector independent and these customer wins 
covered a very healthy spread of distinct verticals (27 in total). These 
included sectors as diverse as insurance, government & public, telecoms, legal 
and healthcare and offer further demonstration of the Company's strong market 
positioning and robust, defensive qualities. 
 
 
The Company expects to announce it results for the year ended 31 December 2008 
on 10 March 2009. 
 
 
Rudolf van Megen, Chief Executive Officer of SQS commented, "2008 was an 
excellent year for SQS. We made a number of important and successful 
acquisitions and we have expanded our position as the established market leader 
in independent software testing. We also significantly grew revenues and 
profits. As we enter 2009 trading conditions remain healthy and, looking 
forward, as companies look ever more closely into outsourcing their IT functions 
to reduce costs, we expect a continuing strong performance. We look forward to 
the remainder of the year with confidence." 
 
 
 
 
Enquiries: 
 
 
+---------------------------------+---------------------+ 
| SQS Software Quality Systems AG | Tel. +49 (2203) 91  | 
|                                 | 54 0                | 
+---------------------------------+---------------------+ 
| Rudolf van Megen, Chief         |                     | 
| Executive Officer               |                     | 
+---------------------------------+---------------------+ 
| Rene Gawron, Chief Financial    |                     | 
| Officer                         |                     | 
+---------------------------------+---------------------+ 
|                                 |                     | 
+---------------------------------+---------------------+ 
| Altium                          | Tel. +44 (0)20 7484 | 
|                                 | 4040                | 
+---------------------------------+---------------------+ 
| Tim Richardson                  |                     | 
+---------------------------------+---------------------+ 
| Katie Hobbs                     |                     | 
+---------------------------------+---------------------+ 
|                                 |                     | 
+---------------------------------+---------------------+ 
| ICIS Limited                    | Tel. +44 (0)20 7651 | 
|                                 | 8688                | 
+---------------------------------+---------------------+ 
| Tom Moriarty                    |                     | 
+---------------------------------+---------------------+ 
| Bob Huxford                     |                     | 
+---------------------------------+---------------------+ 
 
 
About SQS 
 
 
SQS is the global leader in independent software testing and quality management 
services. SQS consultants design and oversee quality management processes during 
software and IT systems development and test the resulting products for errors 
and omissions. 
 
 
Headquartered in Cologne, Germany, SQS now has more than 1,400 employees across 
Europe, Asia, North America and Africa. The Group has a strong presence in 
Germany (Cologne, Munich, Frankfurt, Stuttgart, Goerlitz and Hamburg) and in the 
UK (London, Woking, Birmingham, Manchester, Belfast), Ireland, the Netherlands, 
Switzerland, Austria, Sweden, Norway, Finland, India, Egypt, the United States 
and South Africa. SQS also has a minor stake in an operation in Portugal and a 
partnership operation in Spain. 
 
 
With more than 4,800 completed projects, SQS has a strong customer base 
including 36 FTSE-100 companies, half of the DAX 30 and nearly a third of the 
STOXX-50. It supports clients in a wide range of industries, including major 
corporations such as Deutsche Bank, Deutsche Telekom, Barclays, BP, Boots, 
Credit Suisse, Volkswagen, and Daimler. 
 
 
www.sqs-group.com 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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