SQS Software Quality Systems AG - Contract Wins Enhance Recurring Revenues

Research Report from Edison Investment Research

LONDON, December 9, 2010 - 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.

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