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Provider: Reuters Investment Profile
Provider: GlobalData

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QPR Software Oyj Raises FY 2012 Financial Guidance

Wednesday, 1 Aug 2012 02:00am EDT 

QPR Software Oyj announced that based on good first half of fiscal year 2012, it has updated its estimates for fiscal year 2012. The Company expects to report fiscal year 2012 net sales to grow between 18% and 24%. Previously, the Company expected to report fiscal year 2012 consolidated net sales to show significantly faster growth than in the previous year (fiscal year 2011 growth was 8.7%). The Company's growth businesses, especially enterprise architecture software and service sales, are showing strong performance. However, the increased economic uncertainty in the euro area to some extent weakens the visibility for the remainder of the fiscal year 2012. In addition, the Company estimates its fiscal year 2012 operating profit to improve slightly from fiscal year 2011, despite the increasing outlays in its growth businesses. Earlier, the Company expected fiscal year 2012 operating profit to remain on the same level as in fiscal year 2011. The Company reported fiscal year 2011 operating profit of EUR 755,000. 

Company Quote

-0.02 -2.05%
8 Jul 2014