Pretax profit for the software testing and quality management services provider fell to
Earnings before interest, tax and amortisation rose in the period, however, to
SQS said average revenue per client was up by a quarter year-on-year as it focused on larger, higher-value clients.
In its Specialist Consultancy Services arm, revenue dropped 23% in the half-year to
"We are delighted with our performance during the first six months of 2014 in which we have made significant progress across most metrics, and profitability in particular. This has been achieved through our continuing focus on larger, higher-value contracts and through ongoing margin improvement in our growing Managed Services business, as contracts are increasingly serviced from our expanding offshore and nearshore facilities," said SQS Chief Executive
"Our strong first half performance has continued into the second half and this, combined with our enhanced order intake for Managed Services, gives us confidence in meeting our expectations for the full year," Vos added.
SQS shares were up 1.9% to
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