LONDON, December 9, 2010 /PRNewswire/ -- 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.
Edison Investment Research is Europe's leading investment research company. It has won industry recognition, with awards in both the UK and internationally. The team of more than 50 includes over 30 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 250 companies across every sector and works directly with corporates, investment banks, brokers and fund managers. Edison's research is read by major institutional investors in the UK and abroad, as well as by the private client broker and international investor communities. Edison was founded in 2003 and is authorised and regulated by the Financial Services Authority ( http://www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584).
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SOURCE: Edison Investment Research
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