Information  X 
Enter a valid email address


  Print      Mail a friend

Monday 18 March, 2002


AGM Trading Update

18 March 2002

                         QA plc
                   AGM Trading Update

At  the AGM of QA plc, being held in Swindon today, Keith
Burgess,  Executive  Chairman, will  give  the  following
update on trading:

"At  the  time of our preliminary results in  January  we
reported  that  the IT training market had retrenched  as
companies  responded to economic conditions and uncertain
prospects  by  cutting back on what they were  seeing  as
discretionary   expenditure,   including   training   and
consulting services.

"The  market is now stabilising, but at a level of demand
which  further  reduces  our  expectations.  We  are   in
response taking further action to align expenditure  with
current revenue, without compromising the capabilities of
the  organisation.  Given the beneficial impact of  these
cost  reductions, and assuming no significant improvement
in   trading   conditions,  we  anticipate  a  break-even
position for the year to 30 November as a whole following
a  loss for the first half of approximately £2.5 million,
before exceptional items and goodwill amortisation.

"Although we believe the upturn is likely to be slow  and
will  be  from  a lower base than we might  earlier  have
hoped,  our strong market position leaves us well  placed
to  take advantage of the stronger market conditions when
they  return.  As  a result of the considerable  internal
changes and efficiencies we have introduced over the last
year, QA operates with a substantially reduced fixed cost
base  and  any improvements in trading will be  reflected
immediately in improved financial results."

For further information please contact:

QA plc                                       020 7656 8484
Keith Burgess, Executive Chairman

Weber Shandwick Square Mile                  020 7950 2800
Nick Oborne/ Louise Robson/ Sally Lewis

About QA

QA  plc  is  a specialist business dedicated to improving
the  IT effectiveness of people and technology.  QA leads
the  market with IT training and consulting services that
optimise  the  development and deployment of  skills  and
technology.   QA's  client-focused, integrated  solutions
empower  clients to be more effective and add  measurable
business  value.   Recognised  as  the  UK's  leading  IT
training  provider, QA counts the majority  of  FTSE  100
companies amongst its client base.

                      This information is provided by RNS
            The company news service from the London Stock Exchange        IIFVRVRITLIF