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LONDON (Thomson Financial) - SQS Software Quality Systems AG said its first-half adjusted pretax profit soared 168.9 pct driven by strong organic growth and acquisitive growth arising from the first-time impact of Cresta Group Ltd.
The software management systems supplier posted adjusted pretax profit for the period to end-June of 4.6 mln eur, compared with 1.7 mln eur a year earlier, as turnover grew 78.5 pct to 56.2 mln eur.
It said the second half has begun strongly and its new business pipeline looks healthy, leading it to anticipate full-year results comfortably ahead of current market expectations.
Cash inflow from operating activities improved to 3.8 mln eur, compared with 0.05 mln eur of last year.
The company said its recent acquisition of Triton will be earnings enhancing in 2007 and open up new cross-selling opportunities for testing and consulting services.
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