Updates

SQS - Benefits from rupee depreciation

October 2013

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

With the rupee having depreciated by c.20% against the Euro at a time when SQS has been lifting the headcount within its Indian software test centres, this year is clearly set to see a blistering performance from SQS. Despite Indian headcount up from 400 to 500 - in other words 44% of fee earners are now located offshore- utilisation remains high.Latest H1 sales were up 5% to Eu107.8m with adjusted pretax profit up by 36% to Eu4.5m driven by better margins and more work being carried offshore. Eps went up by 33% to 12 cents and net debt down by 28% to Eu10.3m. The split between its three service offerings; managed services, testing and consultancy stood at 39%, 16% and 37%; the remaining 8% being other revenues such as cont ...

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Staffline - Â£1bn sales and Â£30m pretax target by 2017

Silverdell

SQS (January 2018)

SQS (October 2016)

SQS (May 2016)

SQS - 11th year of growth ahead despite some pains (October 2015)

SQS - Quadruples US presence with acquisition (July 2015)

SQS - Plans to make USâ€ˆacquisitions (April 2015)

SQS (April 2014)

SQS (December 2013)

SQS - Managed services now 34% of work (April 2013)

SQS - Soggy statement creates a buy opportunity (February 2013)

SQS (December 2012)

SQS (July 2012)

SQS - Last remaining independent software testing business on a prospective PE of 9.7 (April 2012)

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