SQS Software Quality Systems AG Comments On FY 2012 Guidance
SQS Software Quality Systems AG announced that for fiscal 2012, it expects revenues to be slightly ahead of consensus forecasts owing predominantly to a higher share of services delivered by contractors to assure delivery of peak demand during the year, which is typically lower margin business. Adjusted PBT is expected to be below consensus as it saw some of the larger Managed Services clients electing to suspend their extended engagements for a period prior to the end of fiscal 2012 in order to contain their expenditures for the year. This was possible as, despite Managed Services business being contracted up-front, these clients had already significantly exceeded their minimum contracted spending commitments. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP202.62 million for fiscal 2012.
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