QSC on growth course
- Preliminary figures for Q3 2019: Revenues rise 7% compared with Q2 2019 to reach € 32.3 million
- QSC has budgeted revenue growth for Q4 2019 as well
Cologne, 15 October 2019. QSC AG is growing. Based on preliminary calculations, in the first three months following the sale of its telecommunications subsidiary Plusnet, the Cloud, SAP and IoT service provider generated revenues of € 32.3 million and is in line with the forecast of around € 32 million for the third quarter of 2019. In the second quarter of 2019, QSC generated revenues of € 30.1 million excluding Plusnet; its quarter-on-quarter growth therefore came to 7 %.
The Cloud business, with its two areas of Cloud Services and Internet of Things (IoT), posted a particularly dynamic performance once again in the third quarter of 2019. Based on preliminary calculations, revenues here amounted to € 10.2 million and were thus 24 % higher than in the previous quarter. Consulting revenues grew by 4 % to € 10.5 million in the third quarter of 2019. At € 7.0 million, Outsourcing revenues were in line with expectations, as were the Colocation revenues of € 4.6 million.
Comments CEO Jürgen Hermann: “QSC is now a growth company once again. And we have budgeted revenue growth for the current fourth quarter as well.” This will be aided by ongoing high volumes of new orders. Among others, QSC recently received orders from Techem for the development and operation of one of the largest IoT platforms in the energy sector and from Brunata Metrona Hürth for the management of all its SAP applications.
QSC will publish its definitive figures for the third quarter of 2019 on 11 November 2019.
About QSC AG
QSC AG is digitalising the German SME sector and enabling its customers to enhance their business processes and business models with the utmost flexibility and efficiency. QSC has longstanding technological and application expertise in the fields of Cloud and Colocation, SAP and the Internet of Things. Its extensive service portfolio provides exactly what SME players need as they move into the digital age: from standardised pay-as-you-use services through to individualised full-range solutions for the retail, manufacturing and energy sectors. All services offer end-to-end quality and high security. QSC bases its relationships with customers on an entrepreneurial approach, a service-driven mindset and a desire to forge mutually beneficial partnerships. QSC AG is based in Cologne and has around 900 employees at locations throughout Germany.
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