Plus   Neg

QSC Q3 Revenues Rise Sequentially; Sees Revenue Growth In Q4 - Quick Facts

German Cloud and ICT provider QSC AG (QSCGF) reported Tuesday that its third-quarter revenues were 32.3 million euros, following the sale of its telecommunications subsidiary Plusnet.

Sequentially, revenues grew 7 percent from 30.1 million euros recorded in the second quarter, excluding Plusnet.

The Cloud business, with its two areas of Cloud Services and Internet of Things or IoT, posted third-quarter revenues of 10.2 million euros, 24 percent higher than in the previous quarter.

Consulting revenues grew 4 percent to 10.5 million euros. At 7.0 million euros, Outsourcing revenues were in line with expectations, as were the Colocation revenues of 4.6 million euros.

Looking ahead, CEO Jürgen Hermann said, "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.

QSC will publish its third quarter results on November 11.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
Follow RTT