SQS Software Systems, a German-based provider of software testing and quality management services, has signed a contract worth €20m over the next two and a half years with a global financial services client.
The contract is to provide managed testing services which will predominantly be provided onsite during the early stages of the contract, with an increasing proportion of the work moving to off-shore or near-shore centres as it matures.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief executive Rudolf van Megen said: "The contract demonstrates our ability to compete for, and win, ever larger contracts, further enhancing the SQS brand and consolidating our position as the world's leading independent testing services provider."
Managed services order intake at the firm has now exceeded €62m in the year to date. SQS remains in line to achieve its strategic goal of up to 50% of revenues within the next 3 years being derived through managed services contracts, the company said.
The share price rose 5.67% to 158.5p by 12:25.
NR
-
LVMH is set to prosper as the wealthy start shopping againAfter two years of uncertainty, the outlook for LVMH is starting to improve. Is now a good time to add the luxury-goods purveyor to your portfolio?
-
Japan is still rising to new highs – here's how to investOpinion Political ructions in Japan are no obstacle to gains, and the return of inflation may even benefit stocks, says Max King. What is Japan doing right?
