SQS Software Pretax Profit Rises 40%

SQS Software Quality Systems AG reported a 40% increase in its pretax profit during the year ended December 31, 2012. SQS Software's pretax profit for the year surged to EUR7.9 million, from EUR5.6 million, in the year-ago period. Its revenue rose to EUR210.1 million from EUR189.1 million, while gross margin widened to 31.2% from 30.5%. Its adjusted pretax profit climbed to EUR9.2 million from EUR7.3 million. SQS Software's basic and diluted EPS gained to EUR0.21 from EUR0.15, while adjusted EPS climbed to EUR0.24 from EUR0.18.