Sqs Software Quality Systems Ag (LON:SQS) - Recovery underway
Mar 11th 2010 - Edison Investment Research today published a report on Sqs Software Quality Systems Ag (SQS.L, LSE:SQS, LON:SQS) entitled "Recovery Underway". In summary, the report says:
Despite weaker than expected revenues, SQS reported slightly better than forecast FY09 earnings and has seen signs of recovery in several markets. We see FY10 as a recovery year, followed by a year of stronger growth as the companys managed services business gains momentum and the IT services environment improves. The stock trades at c 11x FY10E adjusted EPS with a 3% dividend yield.
Edison is Europe's leading independent investment research company. It has won industry recognition, with awards in both the UK and internationally. The team of 60 includes over 35 analysts supported by a department of supervisory analysts, editors and assistants.
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