-1x Square Discussion Threads

[nurdin] 09/3/2011 07:35

No comment on the results and the script? I think both are excellent...dont know what the Euro/£ exchange rate is currently but pbt and eps look to be in line or perhaps marginally ahead

[mcgrath00] 08/3/2011 20:26

you hope :) like all of us!

[spaceparallax] 08/3/2011 17:12

Looking forward to tomorrow's results

[mcgrath00] 05/3/2011 20:27

SQS OnLine Magazine:

[spaceparallax] 05/3/2011 11:42

missed the final hour - a superb week indeed.

[mcgrath00] 04/3/2011 17:24

hmmmm, nice end to the week....not far off 10 years building society interest in a single week.....and results Wednesday :) I wonder how those who sold on the Egypt story feel....a shame.

[spaceparallax] 04/3/2011 12:57

It is looking good, nice to be easing steadily into breakout territory.

[mcgrath00] 04/3/2011 12:18

Another nice tick up before Tuesdays results

[mcgrath00] 02/3/2011 19:44

6 days to results :)

will the :) become a :D

[spaceparallax] 02/3/2011 16:04

it is - a very enjoyable ride recently.

[chester] 02/3/2011 14:03

Nearing a breakout

[mcgrath00] 01/3/2011 15:04

three years worth of building society interest in two days.....roll on results :)

[shuisky] 28/2/2011 00:03

Thanks for the post, although I do think they should realise market sensitive information via RNS in future.

[mcgrath00] 25/2/2011 21:04

Great post Orange1, thank you.

[spaceparallax] 25/2/2011 13:58

Sounds as if LSE could badly use SQS's help

[orange1] 24/2/2011 14:39

Testing times for SQS in Cairo

22 February 2011 Pete Swabey


This morning, I met with Rudolf Van Megen, CEO of software testing services provider SQS. Among other things, SQS is notable for having based one of its offshore delivery centres in Cairo.

The reason for this is that Egypt is one of the most bountiful offshore sources of workers with both IT and German-language skills. Almost half of the company's business derives from its native Germany.

I asked Van Megen about how business was effected by the revolution that took place in the opening weeks of this month. It was "scary", he admitted, and the company lost four days' work because staff were placed under curfew.

But SQS had the necessary contingency plans in place, he said. German clients, which include Deutsche Bank and Deutsche Post, were serviced from the company's 'near-shore' facility in Gorlitz, Eastern Germany. "We saw just how good it is to have many different locations."

Now, he says, it is back to "business as usual", with Cairo staff working overtime to get through the backlog.

None of SQS' clients have said they want their work to be taken out of Cairo, he says, but the revolution has taught them some valuable lessons about offshore outsourcing. "It became very clear that if you want lower prices, there is a risk premium you have to pay."

SQS has reassured Egypt's telecommunications minister Dr. Tarek Mohamed Kamel that it remains committed to Cairo as an outsourcing destination. That said, Van Megen remarked that it has decided to look for more German-speaking workers in Pune, where its Indian facilities are based (not as hard as it may sound, thanks to a number of German automotive companies with engineering resources there).

The real damage, Van Megen believes, is to Egypt's reputation. "What they built up in four or five years has gone in four weeks," he said. "This will make it much more difficult for new companies to move to Egypt."

I asked Van Megen whether any of SQS' employees were involved in the revolution. "We recommended that they keep themselves out of the demonstrations, and what we heard is that they all did," he told me. "They are among the 10% most privileged people [in Egypt] – they earn so much more than a policeman, for example. Maybe that was the reason why we haven't seen any accidents happen with our people."

[mcgrath00] 23/2/2011 21:10

PS. Thanks for the heads up share price

[mcgrath00] 23/2/2011 21:10

That's what i love about this company, huge indice down day yet SQS go up, one of the most resilient shares V overall market that i know of - holding 100% of original holding at least until results.

[spaceparallax] 23/2/2011 09:27

Results Wed 9 Mar 2011 - should be good.

[simon gordon] 15/2/2011 18:01

BBC - 15/2/11:

Software company creates 37 jobs in east Belfast

A German owned software company is to creating 37 new IT jobs in east Belfast.

Software Quality Systems is trebling its workforce at its offices in the Titanic quarter.

The company is the largest provider of software testing services in the EU.

The move, which will also see SQS expand into security and performance testing, is in conjunction with Invest NI who have offered assistance of £444,000.

Rob McConnell, SQS Regional Director for NI said: "Our decision to expand our operation here was driven by the quality of data communications infrastructure, the availability of skilled IT resources and Invest NI's support.

"The aim for the Belfast operation is to provide SQS with a time-zone friendly, highly specialised and cost-effective one-stop-shop for Irish, UK, European and US customers."

[welsheagle] 09/2/2011 20:59

You're right spaceparallax - target price was 276p rather than 253p.

[mcgrath00] 09/2/2011 09:35

many thanks bluesky.

[bbluesky] 09/2/2011 08:28

2010 Finals ex was 19th May, so I expect around then. The year end is December.